Buying Real Estate in PEI

In Prince Edward Island, housing prices are considered relatively affordable as compared to other major centres across Canada. Most people who buy property use the services of a real estate agent.

How can I confirm that an individual or agency is licensed to sell real estate?

In PEI, agents must be licensed in order to sell property as outlined in the Real Estate Trading Act and regulations. You can ensure an agent holds a valid licence in the province by searching PEI Real Estate Agency or Agent.

How much land can I own in PEI?

As an individual, you cannot own more than 1,000 acres of land; as a corporation, you cannot own more than 3,000 acres of land in PEI. If you are a non-resident or a corporation, you must contact the Island Regulatory and Appeals Commission (IRAC) if you are buying land that has more than five acres of land, or has more than 165 feet of shore frontage.

Where can I learn about the coastal hazards of a property? 

Request a free Coastal Hazard Assessment (CHA).  A CHA is a summary of potential erosion and flood hazards associated with a coastal property.  The CHA is intended to provide guidance for current and prospective property owners and renters who want to be aware of the potential impacts of coastal hazards as they buy, sell, develop, rent, and/or maintain a given property.