PEI also known as the “Gentle Island” is home to a well developed tourist industry and our population increases to over a million in summer from 140,000 year round residents. Residents and visitors alike purchase cottages and summer homes in the country and the PEI real estate market has a good inventory of suitable recreational properties for personal use as well as rental. Some PEI realtors as well as specialty companies offer property management services to look after your PEI real estate investment both in season, caring for the needs of your guests as well as maintaining your PEI property during the winter. Some will also help to market your PEI recreational property and find guests to rent to.
As alluded to earlier PEI real estate affords some of the best value in Canada and the US. When compared with similar property elsewhere PEI real estate, particularly waterfront real estate is a great bargain. PEI real estate waterfront properties are a prime investment opportunity and is the sector in our PEI real estate market that over the last 5 years has posted the greatest gains. Waterfront property is comparatively plentiful here as well as being available oceanfront, on riverways, and situated on bays and inlets. As such PEI waterfront real estate has a variety of characters.