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First Time Buyer? Don't have the money for a DownPayment? The PEI government has a program for you - the Down Payment Assistance Program (DPAP). You could (if you qualify) secure an interest free loan worth up to 5% (maximum $11,250) of the net worth of your home (the minimum downpayment required). Your downpayment loan is repayable over 10 years at 5% interest. Now there may no longer be a need to rent! What you should know:
1. The gov't has committed $1 million to the program and the program will run until Mar 31, 2020 or until all the money is committed. We think this money will commit quickly - after all its a great deal - so don't delay.
2. Canada Mortgage and Housing Corporation and Genworth Mortgage Insurance & Homeownership both support DPAP and this means that the money you could receive from participation in this program has been accepted by the 2 largest mortgage guarantors as qualifying as your downpayment.
3. This is a great step toward solving the house crunch on the island and the almost zero-vacancy rate.
So don't delay - contact your Century21 realtor and follow this link to apply. Application Form
If you are looking for some more inforamtion in regards to who can qulaify and how you qualify for the Down Payment Assistance Program (DPAP) use the link below.
Down Payment Assistance Program (DPAP)
Come back here regularly to see the NEWEST 12 LISTINGS we have to offer. The PEI Real Estate market is moving fast and you need to keep up. Remember knowledge is power!
The Century21 team of PEI realtors can show you any property tip-to-tip, island-wide. So whatever your property needs give us a call and let us help you find your dream PEI home or property. Feel free to peruse ALL PEI MLS LISTINGS from the drop down to your right (or below on a mobile device). You will see every island real estate listing, all the property for sale on PEI right from this site.
Click on the button above to see all the MLS real estate for sale island-wide.
Century21 Northumberland Realty is the only island real estate brokerage that offers our clients inclusion* in our unique, proprietary real estate guide. We publish 50,000 copies per year over 4 issues and distribute this sought after publication island-wide.
Why not get the coverage your home deserves. Contact your Century21 Northumberland Realty professional and ask if they participate in this publication.* not all our realtors participate in this program - ask your realtor if they will publish your home in the Island Real Estate Book
The Prince Edward Island Real Estate market is a steady, stable environment. Century21 Northumberland Realty has a wide inventory of properties including PEI homes, cottages and PEI waterfront properties. PEI has been a hub of tourist activity for decades, priding itself on memorable scenery, challenging golf, tantalizing seafood and hospitable residents. Many visitors decide to invest in Prince Edward Island real estate as a means to enjoy PEI and watch their money grow safely through their property investments. Buying PEI land, or any type of PEI real estate, if you are not a resident presents no problem. The IRAC guidelines for PEI land acquisition are easy to understand and your Century21 PEI realtor can walk you through the process with ease.
The Prince Edward Island Real Estate market has grown at a steady pace over the past decade. Both sales and values have posted increases from year to year. We are however still quite inexpensive when compared to other eastern seaboard locales for similar properties. PEI waterfront has led the way in property value increase. Demand for PEI land & PEI waterfront is increasing, as is demand for all our water based properties. Century21 PEI has the pleasure of having some phenomenal, well developed and maintained sub divisions in our arsenal of PEI waterfront, oceanfront and riverfront properties that are a sound investment and will provide for years of enjoyment. Whatever your needs - we can help you find it on PEI!
Real estate in PEI consists of two separate markets. PEI homes are typically local acquisitions although a few find their way into the hands of individuals looking for PEI cottages and/or recreational properties. PEI homes can vary drastically in price. Many are available for the entry market with a price tag under $100k whereas, others will fetch close to or even exceed the million dollar mark, these being superbly finished, oceanfront PEI real estate. On average Summerside real estate and area prices offer solid value for purchasers. A growing market trend in the PEI real estate market is the retiree. Electing to spend their pension years in a smaller, safer environment, they also benefit from the sale of their home in other areas of the country and reinvesting in PEI real estate usually with money spare to invest in income supplementing financial instruments. The difference often represents living mortgage free and in some instances having extra monthly income available.
Century21 PEI Northumberland Realty is dedicated to being your only resource for PEI Real Estate. We provide valuable information about the local Prince Edward Island real estate scene through the "Island Real Estate Book" which focuses on the PEI real estate market and is exclusive to Century21 Northumberland Realty. Look for weekly postings of Open Houses happening in the Summerside area. We offer a quick link page to PEI related RSS feeds with reader download as well as posting to Facebook and Twitter.
|From||Distance in Miles||Approximate Driving Time|
|Bangor||375 miles||6.5-7.5 hrs|
|Boston||625 miles||11.5-12.5 hrs|
|New York City||845 miles||16-17 hrs|
|Toronto||1085 miles||20-21.5 hrs|
|Ottawa||870 miles||16.5-17.5 hrs|
|LAND||The Confederation Bridge|
A 13-kilometre engineering marvel, the Confederation Bridge is a very quick, convenient and dramatic way to arrive or depart the Island. Connecting from New Brunswick. The Bridge is open 24 hours a day and takes approximately 12 minutes to cross. Tolls are collected only when leaving the Island. Additional information about the Bridge is available by telephoning, toll-free, 1-888-437-6565.
|AIR||The regional affiliate of Air Canada offers up to six daily flights from Halifax, Nova Scotia. Air Canada has daily non-stop service from Toronto and low-cost Air Canada carrier Tango flies direct from Toronto on a seasonal basis. Air Canada Jazz provides daily direct service from Montreal during the summer season.|
|SEA||Northumberland Ferries depart from Caribou, Nova Scotia and Wood Islands, Prince Edward Island, on a schedule of about every hour and a half, offering a pleasant respite. The 75-minute trip, spent enjoying a chat and a snack, lounging on the deck and soaking up the sunshine and sea air and even some traditional "music on deck," is often considered a vacation highlight. Wood Islands is the gateway community to scenic and lively eastern Prince Edward Island. The fare for the ferry is paid only when leaving the Island. Up-to-the-minute schedule information is available by telephoning, toll-free, 1-888-249-SAIL. The ferry does not operate from the end of December until early May.|
|OTHER MEANS||By Rail|
Both VIA Rail and Amtrak (via Montreal) offer services which connect to Moncton, New Brunwsick with connecting bus service to many locations on Prince Edward Island.
Thinking of sailing up? The Island has plenty of marinas to welcome you. The dot on the map below represent the location of individual marinas on the Island. The government of PEI web site is a good place to look for information on Marinas and other important aspect about life on the Island. Check them out.