Information about the PEI real estate market and PEI home ownership

Talk to Michael Poczynek and the Century21 PEI real estate team for answers.

 

PEI Real Estate as an Investment

PEI is the smallest province in Canada and sits off the New Brunswick coast 13 km. PEI real estate features lovely rolling, grassy tracts as well as wonderful waterfront. The PEI real estate market is an excellent entry-level investment for the novice property owner whether you are purchasing PEI property solely as a PEI real estate investment or if you are joining the ranks of PEI home ownership. You can purchase a PEI home in Summerside for as little as $60,000 and on some occasions less. Other types of PEI real estate include PEI waterfront property, luxury PEI homes, homes and PEI property in the country as well as commercial PEI real estate investments. You can purchase bare land and develop it for subdivisions and cottage lots as well. The opportunities to invest in PEI real estate and achieve a good ROI are plentiful.

PEI is a great place to raise a family and job opportunities on PEI are increasing yearly. If you are getting into the PEI real estate market and seeking to own your own PEI home for you and your family, you will benefit both in terms of the lower housing costs associated with PEI real estate as well as enjoying a string return on our much undervalued PEI real estate. If you already own a PEI home and live here, you may be thinking of a second purchase as a PEI real estate investment. Consider a starter home here in Summerside as a great PEI home rental and a second potential source of income. Either way your PEI home purchase will be an investment in the PEI real estate market that is sure to gain value, is not subject to the same ups and downs of other real estate markets and provides for a great lifestyle.

If you are thinking of investing in PEI real estate to create income as well as gain equity you may purchase a PEI home for rental as we have talked about or you may be interested in purchasing a summer home or cottage which you can use for your holidays here on PEI and also rent to others when not using it yourself. There are lots of opportunities in the PEI real estate market to find very good deals on PEI homes to use as summer residences as well as smaller cottages. Many of these PEI properties will be waterfront as there is a wide range of PEI waterfront real estate available due to our jagged coastline and many beaches.

There are a number of PEI real estate developments such as Sunbury Cove, Sunset Dunes, and Greenwich that offer both spectacular waterfront lots as well as luxury PEI homes ready to move into. The choice is yours, buy a beautiful peice of PEI real estate in one of these developments and build your very own PEI home retreat or look at turnkey models available. have you considered the possibility of retirement to PEI. As PEI real estate ranks as some of the lowest priced real estate in Canada, chances are good that you can sell your home elsewhere in Canada and move here with money to spare - no mortgage and depending on the equity in your current home you could have money to invest in PEI homes for rental and other PEI real estate.