PEI Real Estate
Prince Edward Island’s real estate sector is a cornerstone of the island’s economy, showcasing a dynamic range from luxury homes to burgeoning condo developments in its major cities, notably Charlottetown and Summerside.
Charlottetown: A Growing Hub
As the capital city of Prince Edward Island, Charlottetown boasts a population of approximately 40,500 residents as of 2022. The city has become a sought-after destination for both locals and international buyers seeking prime real estate opportunities. The average price of homes sold in December 2024 was $404,741, a sizable gain of 13.4% from December 2023.
Emerging Markets in Smaller Towns
Towns such as Stratford, Cornwall, and New Glasgow are experiencing heightened interest in the PEI real estate market. Investors and developers are actively acquiring picturesque waterfront properties, leading to the development of homes priced between $700,000 and over $4 million.
Affordability Across the Island
Prince Edward Island remains one of Canada’s most affordable provinces for purchasing single-family homes, condos, vacant land, and mini-homes. The real estate market is experiencing rapid growth, making it an opportune time for prospective buyers to invest in the island’s diverse property offerings.

Prince Edward Island’s Counties: A Guide to Real Estate & Lifestyle
Prince Edward Island (PEI) is divided into three counties, each offering unique opportunities for homebuyers, investors, and developers. Whether you’re looking for luxury waterfront homes, rural retreats, or bustling city living, PEI’s real estate market is growing fast.
Queens County: The Heart of PEI Real Estate
Queens County is the most populated and economically active county in PEI, home to 82,017 residents. It boasts the highest average income and the largest land area in the province.
- Charlottetown, the capital city of Prince Edward Island, serves as the county seat and is the province’s largest urban center.
- The real estate market in Charlottetown and surrounding areas continues to grow, with increasing demand for single-family homes, condos, and investment properties.
Kings County: A Hidden Gem for Oceanfront Living
As the smallest and most rural county in PEI, Kings County offers a peaceful escape.
- Unlike the other two counties, Kings County is less dependent on agriculture and thrives on fishing and forestry industries.
- The real estate market in Kings County appeals to those looking for secluded properties, oceanfront homes, and vast land for investment.
Prince County: Western PEI’s Growing Market
Located in western PEI, Prince County is known for its natural beauty and Summerside, the province’s second-largest city.
- A defining feature of Prince County is Malpeque Bay, which contributes to its stunning coastal landscapes.
- With its affordable real estate options and strong community atmosphere, Summerside real estate is attracting families, retirees, and investors.
Hot Real Estate Markets in PEI: Stratford, Cornwall & New Glasgow
Stratford, Cornwall, and New Glasgow are emerging as some of the fastest-growing real estate markets in Prince Edward Island.
With increasing demand, real estate investors and developers are actively acquiring waterfront properties in PEI, leading to the construction of luxury homes ranging from $700,000 to over $4 million.
These areas are attracting buyers seeking upscale residences, investment properties, and scenic oceanfront living in one of Canada’s most beautiful provinces.