PEI Real Estate
PEI Real Estate has always been a big part of the island’s economy, from building luxury homes to new condo developments sprouting up in PEI largest cities like Charlottetown and Summerside.
Charlottetown has roughly a population of 40,000 people and has become an area for not only residents but foreigners to buy a great piece of Prince Edward Island.
Charlottetown is the Capital of city of Prince Edward Island. The average home prices of homes in Charlottetown for a single family home is on average $250,000.
The smaller towns like Stratford, Cornwall, New Glasgow are starting to become the hot markets in PEI Real Estate with Real Estate investors, building developers buying beautiful waterfront land and developing beautiful homes ranging from 700k to over $4 Million dollars.
Real Estate in PEI is one of the cheapest places in all of Canada to purchase single family homes, condos, vacant land and even mini-homes. PEI Real Estate is growing fast and is a great time to purchase.
PRINCE EDWARD ISLAND’S COUNTIES
Kings County is the province’s smallest, most rural and least-populated county. Kings County is also least dependent upon the agriculture industry compared with the other two counties, while being more heavily dependent on the fishery and forest industry.
Prince County is located in western PEI. The county’s defining geographic feature is Malpeque Bay, a sub-basin of the gulf, which creates the narrowest portion of Prince Edward Island’s landmass, an isthmus upon which the city of Summerside is located.
