Information on housing prices, property taxes and payroll deductions are provided for informational purposes. The estimates are in Canadian dollars and give you a sense of how much it may cost to live in St. John’s. Exact figures can vary significantly depending on your lifestyle and needs.

Housing

According to the Canadian Real Estate Association, the average price of a single-family home in St. John’s is approximately $320,000, as of 2023. 

You can visit the following websites for additional information about the cost of renting or purchasing a home in Newfoundland and Labrador

• Realtor.ca
• Canada Mortgage and Housing Corporation

Learn more about housing here.

Property Taxes

If you own property in Newfoundland and Labrador, you will have to pay property taxes to your local municipal government. These taxes are used by municipalities to fund services such as water, sewage, snow clearing, waste collection and recycling. Property taxes vary by municipality. For information about the tax rates in the City of St. John’s click here.

Taxes and Deductions from your biweekly pay

• Federal and provincial income tax – 2023 tax rates
• Canadian Pension Plan (CPP). The 2023 annual maximum contribution for CPP is $3754.45.
• Employment Insurance (EI). The 2023 annual maximum contribution for EI is $1002.45
• Your contribution to Memorial’s pension plan.
• Health Benefits deductions (health, dental, long term disability, life insurance). Click here for information on group benefit rates.
• Union membership fees
• Other programs you opt into paying through biweekly pay such as Preferred Rate Program (PRP), parking, home/auto insurance.