When house hunting it is important to stay informed of the market conditions as well as lots of tips you will find here in regards to buying or selling properties here on PEI.
Hello, I am Andrew Brown, Broker/Owner and possibly your REALTOR® on your PEI Real Estate journey. Please take some time to look through the articles contained on this page. I have rewritten all of them from the date they were first published to ensure that you get up to the date information.
You do not have to be ready to buy a home next week to get something useful from an open house. In fact, visiting open houses before you are serious about moving can be one of the best ways to prepare. You get to see real homes, in real neighbourhoods, at real prices. That is very different from scrolling through photos online.
Saving for a first home can feel like the hardest part. You may be able to handle a monthly mortgage payment. You may have steady income. You may even have found a home that fits your budget. But coming up with the down payment can still be a major hurdle.
Prince Edward Island (PEI), the smallest province in Canada, is often overlooked by those considering a change of residence. Yet, this charming island provides an unexpected blend of tranquility, vibrant culture, and an abundance of natural beauty that has captivated its inhabitants and visitors alike.
Making an offer on a home is not just about the price. Price matters. Of course it does. But sellers often look at the whole package. They may compare the closing date, deposit, conditions, financing strength, and how likely the deal is to actually make it to closing. That is especially true in today’s more balanced PEI market.
Finding the right home is already a big job. Finding one that works well for a disability, mobility challenge, sensory need, or changing health needs can be even harder.
For a few years, buying a home in PEI felt almost impossible for many young couples. Homes were selling fast. Multiple offers were common. Buyers had to make decisions quickly, often with very little room to negotiate. Things have changed.
A few years ago, selling a home in PEI could feel simple. Put up a listing. Take a few photos. Wait for the calls. In some cases, buyers were competing quickly and offers came in fast. Sellers often had the upper hand, and it was easy to believe that almost any home would sell for a record price.
Choosing a REALTOR® is not something you should do just because a friend gave you a name, someone has a large face on a bus bench, or they were the first person to answer your message. Buying or selling a home is a big financial decision. You want someone who understands the local market, communicates clearly, gives honest advice, and is prepared to do the work your situation requires.
Moving to Prince Edward Island can be exciting. You may be thinking about a new job, a new community, a slower pace of life, or a better place to raise a family. You may also be thinking about buying a home. That makes sense. But buying a home should come after you understand your immigration status, your work plans, your finances, and the rules that apply to you.
The PEI real estate market has changed. Not overnight. But compared with the busiest COVID-era years, it feels very different. A few years ago, buyers often had to move fast. A good home could be listed on Friday, shown all weekend, and sold by Monday. Multiple offers were common. Buyers felt pressure to make big decisions with very little time.