No fee everyday banking
Set up direct deposit and skip the monthly fee. Free to open, and the Easy plan has no monthly fee. Worth doing if you will actually move your pay or your CRA deposits over, not if the card sits unused. Code BREMO2026.
Newfoundland's rental market has tightened considerably since 2020. St. John's in particular has seen rising rents and falling vacancy rates, driven by population growth, immigration, and limited new rental construction. Here's a complete picture of the NL rental market in 2025.
| City | 1BR Avg Rent | 2BR Avg Rent |
|---|---|---|
| St. John's | $1,200–$1,500 | $1,500–$1,900 |
| Mount Pearl / CBS area | $1,100–$1,400 | $1,400–$1,800 |
| Corner Brook | $900–$1,200 | $1,100–$1,500 |
| Gander | $800–$1,100 | $1,000–$1,300 |
| Grand Falls-Windsor | $800–$1,100 | $1,000–$1,300 |
| Labrador City | $1,000–$1,400 | $1,200–$1,600 |
St. John's vacancy rates have dropped from over 5% (pre-2020) to approximately 1.5%–2.5% in 2025 — a landlord's market. Corner Brook and central NL communities have slightly higher vacancy rates (~3%–5%), giving renters somewhat more negotiating power outside the capital.
Newfoundland has residential tenancy legislation that protects both landlords and tenants. Key provisions:
St. John's has a limited purpose-built rental supply — much of the rental market consists of secondary suites, older walk-up apartment buildings, and investor-owned condos. New purpose-built rental construction has increased since 2022 but has not yet materially improved vacancy rates.
NL's rental market is expected to remain tight in 2025–2026, particularly in St. John's, as immigration-driven population growth continues to outpace housing completions. Renters should expect modest continued rent increases and should consider homeownership as a long-term alternative given the province's affordable prices.
KOHO offers free banking with no monthly fees. Use code BREMO2026 for a bonus.
Open KOHO Free — No Fees — Code BREMO2026