Browse PEI Real Estate: One of the Fastest Growing Real Estate Markets in Canada

Posted by jennycooper on May 24th, 2014

Prince Edward Island, commonly referred as PEI, is a tiny island nestled in Canadian east coast. The Confederation Bridge connects the island to the mainland. However, reaching PEI is also easy by air or using the regular ferry services. Due to the island’s strategic location and the picturesque setting, many investors manifest interest in PEI real estate properties. This is because Prince Edward Island makes an excellent holidaying place and is also considered one of the best places in Canada where you can retire. Far from the cacophony of the big cities, this small piece of land encircled by water, this small island is a favorite summer retreat for many Canadians. If you are interested in making a real estate investment in Canada, you should go for PEI properties that are still relatively much cheaper than the properties cited in the mainland. You can either live permanently in the property you buy or you can rent it to vacationers to net a good return on your investment. Contact a Prince Edward Island real estate agent to fast track your PEI property search. 

PEI real property market is safer and more stable

We all have a common notion that property market, irrespective of the region, refuses to board off the roller coaster. However, the PEI real estate market is more stable and safer than the other market segments in the mainland. Large agricultural tracts and pastoral scenery still forms the majority of the land area. The property prices are unusually low as the island is still one of the least populated areas in Canada. The market segment is unlike the mainland Canadian real property markets, such as the Toronto real estate market. Risks are minimal as historically, property prices have risen at a slow but stable rate. However, it does not mean that the island lacks the basic civic amenities or infrastructure. The island is served by two major airports, Summerside and Charlottetown. The island is home to the namesake university along with a couple of other higher education hubs. Whether you are thinking of raising your family in PEI or you have some entrepreneurial vision, the island can serve your interests. 

How to find a PEI real property?

Prince Edward Island real estate is a fast growing real property market segment in Canada. There are agents who can guide you to stay within the regulatory limits. There are some terms and conditions for buying/selling waterfront properties in Prince Edward Island which you must comply with. The market is split into two segments. There are locals who raise their families here and settled here years ago. On the other hand, there are vacationers who buy properties here for spending their summer months outside bigger cities. However, there is a third group of real property buyers who are retirees. Whatever your requirements are, you can find and buy PEI real estate in a hassle-free manner if you choose to take the services of a licensed realtor who knows the island like the back of his hand. 

Resource Box: Want tips and insights on PEI real estate? Talk to Keith Maclean to find updated information on Prince Edward Island real estate.