3.9%
Lowest Rate
$380,000
Avg Home Price
2 min
Quick Pre-Approval
30+
Lenders Compared
Prince Edward Island Mortgage Market Overview
Buying Costs
Land Transfer Tax:1% Real Property Transfer Tax
First-Time Buyer Rebate:No specific rebate program
Population:0.17 million
Key Facts
- Smallest province by population
- Growing tourism economy
- Affordable housing relative to income
- Strong community atmosphere
Why Compare Mortgage Rates in Prince Edward Island with RateView?
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Understanding of Prince Edward Island-specific programs and incentives
Frequently Asked Questions About Prince Edward Island Mortgages
What is the average home price in Prince Edward Island?
The average home price in Prince Edward Island is approximately $380,000. Prices vary significantly by city, with Charlottetown typically having higher prices than other areas.
What is the land transfer tax in Prince Edward Island?
Prince Edward Island has a land transfer tax of 1% Real Property Transfer Tax. First-time buyers may be eligible for: No specific rebate program.
How do I get the best mortgage rate in Prince Edward Island?
To get the best rate, compare multiple lenders, maintain a good credit score (680+), have a stable income, and consider making a larger down payment. RateView helps you compare 30+ lenders instantly.