Blog
What is the reason for the Lands Protection Act?
The history of land ownership and use in Prince Edward Island has been marked by various issues, starting with the initial allocation of sixty-seven 20,000-acre lots or townships to a small group of absentee landlords. Although local ownership was eventually...
Farmland Shows No Sign of Decline
In 2022, the cost of farmland in Canada experienced its most significant increase since 2014, rising by almost 13%, as per a recent report by Farm Credit Canada, a government-owned agricultural lender. While it was anticipated that higher interest rates and expensive...
House Buying Trends
2023 Canada Housing Market Report discovered that nearly 50% of Canadian homebuyers received financial assistance from their families, with 47% using family funds to increase their down payment and 24% utilizing their partner's family's finances. Younger buyers are...
What to Expect From a Home Inspection
Buying a home can be an overwhelming and confusing process, especially for first-time buyers. One of the most important aspects of the home buying process is the home inspection, which can provide clarity and reassurance. However, it's important for house buyers to...
February PEI Housing Sales Stats
The number of homes sold through the MLS® System of the Prince Edward Island Real Estate Association totaled 101 units in February 2023, down by 35.7% from February 2022. Home sales were 18.9% below the five-year average and 10.9% below the 10-year average for the...
Financially Ready
As you consider whether you're financially ready to own a home, it's important to take a holistic look at your current financial situation. Before you start working with a broker or lender, here are five key calculations and questions to keep in mind: Evaluate your...
Market Data for Charlottetown and surrounding areas March 6, 2023
Charlottetown, PEI Real Estate Market Update: New Listings, Price Changes, Sales In the past week, the Charlottetown, PEI real estate market has seen a flurry of activity, with 52 new listings, 18 price changes, 23 sold properties, and 17 conditional sales. New...
Foreign buyer ban
Most would agree that the government had to try and stabilize the rapidly increasing home prices in Canada, unfortunately whenever the government gets involved with the real estate market there will intended consequences. We all know that even good intentions can have...
Best Home Staging Ideas
Home staging is the process of preparing a home for sale by making it look more attractive to potential buyers. Here are some of the best home staging ideas that you can consider: Declutter: Remove any unnecessary items from your home to make it look more spacious and...
Steps to take before listing your home
Listing your home can be a big decision, and there are several steps you should take before putting it on the market. Here are some steps you can take before listing your home to make the process smoother and increase your chances of a successful sale: Find a Real...