P.E.I.’s Real Estate Association said high demand and low supply have made the market for a home on the Island as competitive as ever this summer, especially in the Charlottetown area.
According to the association’s numbers, while home sales are just about on pace with 2016’s, a record year for P.E.I. real estate, the number of listings across the province has dropped nearly 30 per cent.
According to the Canada Mortgage and Housing Corporation, housing starts in Charlottetown and Summerside in the first six months of 2017 are up 46 per cent over the same period last year.