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Current Mortgage Rates in PEI

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Prince Edward Island Housing Market Forecasts1

P.E.I. is expected to see moderate growth rates for 2011 and 2012. This will be strengthened by a diversification in the provinces economy through information technology, biosciences, and aerospace industries. Employment growth rates will be lower in 2011 than they were in 2010, but net employment will be positive. The provincial government spending will be down in 2011 and 2012, as will private investment.

Metropolitan Area Year Housing Starts MLS Total Sales MLS Average Sale Price
Charlottetown
2016(*) 270 690 $212,000
2017(*) 310 660 $218,000

References and Notes

  1. CMHC

Current Mortgage Rates by Province