RSS

October 2025 PEI Real Estate Statistics

Sales Activity - October

Overall the PEI real estate market remained stable in October. With most measurements up just slightly including the average price.

The number of homes sold through the MLS® System of the PEI Real Estate Association totalled 212 units in October 2025. This was nearly unchanged, down only 0.9% (two sales) from last year. Home sales were 13.1% above the five-year average and 8.4% above the 10-year average for the month.

New Listings September 2025

The number of new listings was up by 6.8% from October 2024. There were 312 new residential listings in October 2025. This was also the largest number of new listings added in the month of October in history.

New listings were 11.8% above the five-year average and 22.4% above the 10-year average for the month.

A very strong fall market for new listings!

Active Listings in October

Active residential listings numbered 1,250 units on the market at the end of the month, an increase of 4.2% from last year. Active listings haven't been this high in the month of October in more than five years.

Months of Inventory

Months of inventory numbered 5.9 at the end of October 2025, up from the 5.6 months recorded at the end of October 2024 and above the long-run average of 5.5 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

Finally the average price crept a tiny bit higher last month. Staying over $400K Again. We’ve set up a dedicated section of our site here to display all the homes available on PEI below that price if you’re interested! Taek a look!

Meanwhile the average price of a home on PEI last month was $408,083. See you next month!

Read

IS YOUR HOME READY FOR WINTER? ESSENTIAL COLD-WEATHER PREP FOR CANADIAN HOMEOWNERS

Whether you’re in British Columbia, Alberta, Ontario, or the Maritimes, these winter home maintenance tips can help protect your property, reduce energy bills, and avoid costly repairs.

Winter in Canada isn’t just cold. Between heavy snow, biting wind, and deep freezes, the season can take a toll on your home. But with a little early planning, you can protect your space, your comfort, and your investment until spring arrives.

In fact, a single extreme cold snap in January 2024 caused more than 180 million dollars in insured damage from burst pipes and water leaks. That is a lot of wet basements. Coldwell Banker Canada recommends treating winter prep as an annual ritual, just like taking your boots out of storage and checking if last year’s parka still fits. Think of it as protecting your investment while making your home a cozy retreat from the storm.

Here’s how to winter-proof your home to make sure it stays a warm, efficient haven all season long.

INSPECT AND TUNE UP YOUR HEATING SYSTEM

Your furnace works overtime in the winter. In fact, it can account for over half of your home’s winter energy use. Schedule a professional furnace check-up to make sure everything is running safely and efficiently. Replace or clean the furnace filter (a dirty filter makes the system struggle) and ensure all heating vents are clear. It’s also a good time to test your thermostat or install a smart thermostat for optimal energy use. And don’t forget safety: test your smoke and carbon monoxide detectors. A bit of prevention now means you’re less likely to face a breakdown, and more likely to enjoy lower heating bills all winter.

PREVENT FROZEN PIPES AND WATER DAMAGE

Burst pipes are a winter nightmare that can lead to thousands of dollars in water damage. To keep your pipes intact, start outside: disconnect garden hoses and drain outdoor faucets before the freeze. Shut off exterior water lines if you can. Insulate any exposed pipes in unheated areas like the garage, basement or crawlspace (foam pipe sleeves are cheap insurance). Indoors, keep your home at a consistent warm temperature even when you’re out. If you travel during winter, leave the heat on low and have a trusted neighbour check in periodically. Also, locate your main water shut-off valve now; if a pipe ever does burst, you can quickly turn off the water to minimize damage. These simple steps go a long way toward avoiding the mess and expense of a burst pipe this winter.

SEAL DRAFTS TO SAVE ENERGY

If your home feels chilly near windows or doors, those drafts are costing you. Sealing gaps and cracks can save up to 25% of your heating energy. Hunt for any cold air sneaking in, then apply weatherstripping or caulking around drafty frames and install door sweeps to seal the bottoms of exterior doors. You can also add plastic window film to older windows (a simple kit can cut heat loss by another 25–30%). Don’t forget to check your attic insulation, too. A well-insulated attic keeps warm air inside and reduces the risk of roof ice problems. Your home will feel cozier, and your furnace won’t have to work as hard to keep you comfortable.

KEEP WALKWAYS CLEAR AND SAFE

For safety and curb appeal, stay on top of snow and ice. Shovel your driveway, walkways, and steps after every snowfall, and use salt or sand for traction on icy areas. This helps prevent nasty slip-and-fall accidents that cost Canadians millions in claims each winter. Also, clear snow off decks and porches, and knock down any large icicles from eaves. Trim overhanging tree branches that might snap under heavy snow, and keep snow away from furnace exhaust vents and gas meters to avoid hazards. A little diligence with winter chores keeps everyone safe on your property and prevents damage to your home.

CREATE A COZY, INVITING INDOOR SPACE

When it’s freezing outside, you want the inside of your home to feel warm and welcoming. Small touches can make a big difference. Lay out plush throw blankets, add area rugs to cold floors, and use warm-toned lighting for a comforting glow. If you have a fireplace, get it cleaned for safety (creosote buildup can cause chimney fires), then enjoy it on chilly evenings. A crackling fire or a well-tuned furnace keeps you comfortable, and it can also impress potential buyers. Winter-ready features like a fireplace, efficient heating system, or updated windows are real selling points that set your home apart in any season. 

If you’re showing your home in winter, keep the heat turned up and lights on during viewings so visitors experience a cozy, inviting atmosphere. They’ll be able to picture themselves happily riding out the winter in your home.

Ultimately, all these winter prep steps feed into one goal: protecting your home’s value. Canadian winters can be hard on a property, but a bit of prevention now is far cheaper than an emergency repair later.  You’re extending the lifespan of your home’s components, avoiding surprise repair bills, and preserving your property’s market value. And if you’re considering selling, a winter-ready home can truly shine. With fewer listings in the colder months, your property faces less competition. Buyers will immediately notice a home that’s been well cared for despite the weather and feel confident in its condition. Taking winter maintenance seriously means peace of mind now and protecting your investment for the long run.

At Coldwell Banker Canada, we know your home is more than just a house. It’s where your best memories happen, even when it is minus 30 outside. A little planning now can mean a whole lot of comfort later. So prep your home, pour the cocoa and settle in.

Nothing says North of Extraordinary like a Canadian home ready for winter.

Read

September 2025 PEI Real Estate Statistics

Sales Activity in September

Home sales in PEI ticked up again in September after a small drop last month. The market is still balanced and the average home price hasn’t really changed at all for the month.

Home sales were 5.4% above the five-year average and 4.5% below the 10-year average for September.

On a year-to-date basis, home sales totaled 1,645 units over the first nine months of the year. This was a gain of 7.9% from the same period in 2024.

New Listings September 2025

New listings as you can see were also on the average. The number of new listings increased by 7.6% from September 2024. There were 324 new residential listings in September 2025.

New listings were 7.9% above the five-year average and 13.2% above the 10-year average for the month of September.

Active Listings in September

Active residential listings numbered 1,319 units on the market at the end of September, a modest gain of 1.8% from the end of September 2024. Active listings haven't been this high in the month of September in more than five years.

We’re really back to pre-COVID levels of inventory on the Island which will contribute to stability and likely a bit of a drop in average home prices, though a new normal in that has likely been achieved.

Months of Inventory

Months of inventory numbered 6.9 at the end of September 2025, up from the 6.6 months recorded at the end of September 2024 and above the long-run average of 5.8 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

And finally, the average home price rose slightly by ~$2,000 from last month to $402,231. Year over year this is up 3.5%. A modest increase. See you  next month where things will likely remain status quo! Steady on!

Read

August 2025 PEI Real Estate Statistics

Sales Activity in August

While the national picture was different (Home sales rose 1.9% YOY across Canada) PEI’s story was a 7.4% drop in home sales from last August. We did have an extraordinary June though and a busy July. So a slightly slower August is not really a problem. Sales totalled 199 units in the month down from 215 last August and 225 in July.

New Listings August 2025

The number of new listings decreased by 6.2% from August 2024. There were 335 new residential listings in August 2025. As you can see from the chart these numbers are in line with the last 10 years, even during the pandemic.

New listings were 2.6% below the five-year average and 0.1% below the 10-year average for the month.

Active Listings

Active residential listings numbered 1,342 units on the market at the end of August, a modest gain of 1.2% from the end of August 2024. Active listings haven't been this high in the month of August in more than five years but they seem to be stabilizing at pre-pandemic levels once again!

Active listings were 24.6% above the five-year average and 16% above the 10-year average for the month.

Months of Inventory

Months of inventory numbered 6.7 at the end of August 2025, up from the 6.2 months recorded at the end of August 2024 and above the long-run average of 5.1 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

The average price of homes sold in August 2025 was $400,594, statistically unchanged from August 2024 but up about $22,000 from July! The average home price hasn’t really varied significantly since the fall of 2022.

*All Stats are courtesy the Canadian Real Estate Association.

Read

July 2025 PEI Real Estate Statistics

Sales Activity in July

The number of homes sold through the MLS® System of the Prince Edward Island Real Estate Association totaled 225 units in July 2025. This was a gain of 5.6% (12 sales) from July 2024. Residential sales haven't hit this level in the month of July in five years.

Home sales were 12.1% above the five-year average and 7.4% above the 10-year average for the month.

New Listings July 2025

The number of new listings saw a gain of 9.5% from July 2024. There were 437 new residential listings in July 2025. This was the largest number of new listings added in the month of July in a decade.

New listings were 14.3% above the five-year average and 19.1% above the 10-year average for the month.

Active Listings

Active residential listings numbered 1,359 units on the market at the end of July, up by 4.3% from the end of July 2024. Active listings haven't been this high in the month of July in more than five years.

Active listings were 29% above the five-year average and 16.6% above the 10-year average for the month.

Inventory is climbing slowly but steadily.

Months of Inventory

Months of inventory numbered 6 at the end of July 2025, down from the 6.1 months recorded at the end of July 2024 and above the long-run average of 5.6 months for this time of year.

The number of months of inventory is the number of months it would take to sell our existing supply of homes at the current rate of sales activity.

Finally the average price of homes on PEI took a dip last month to land at $378,252. That’s down a little more than $25K from last month and about 1.5% from this time last year.

See you next month!

Read

June 2025 PEI Real Estate Statistics

Sales Activity June 2025

The Summer market is under way on PEI but stability seems to be the trend. New Listings are up but sales are too! See what happened last month:

Homes sold totalled 243 units in June 2025. This was an advance of 51.9% from June 2024. This was also a new sales record for the month!

New Listings June 2025

The number of new listings saw a gain of 23.5% from June 2024. There were 458 new residential listings last month. This was the largest number of new listings added in the month of June in a decade.

Active Listings June 2025

Active residential listings numbered 1,260 units on the market at the end of June, up modestly by 2.9% from the end of June 2024. Active listings haven't been this high in the month of June since before COVID times. However they are still quite stable overall, there isn’t a massive surplus inventory like a decade ago.

The average price of a home sold on Prince Edward Island last month was $403,987. Down slightly from last month but as the chart below indicates this number has been relatively stable since late 2022. See you next month!

Read

Septic Systems & Real Estate: What to Know

Prince Edward Island, like a lot of areas in Canada, has substantial rural areas with homes serviced by an on site sewage disposal system or as they are commonly called “septic systems”. Depending on the soil type there are several different types of systems that are installed underground. These including basic concrete tanks, holding tanks and engineered systems. All of these require regular maintenance and service. A holding tank has an alarm monitor that advises the homeowner when the tank needs emptying. Basic systems require the homeowner to monitor the area around the tank and field/drainage tiles to ensure there has been no failure of the system. Depending on the size of the tank and the number of people in the home regular pumping should occur every 2-3 years.  There are licensed companies who, for a fee, will inspect and pump your system. Some common malfunctions include clogging of drainage pipes or collapsing due to age or a vehicle running over the system or improper drainage from the tank to the field tiles.

It’s good practice to have your system checked prior to listing your home in case maintenance is required!

A more comprehensive guide published by the Government of Prince Edward Island regarding do’s and don’ts of septic systems is attached here for your reference.

https://www.princeedwardisland.ca/sites/default/files/publications/on-site_sewage_disposal_systems_-_a_homeowners_guide.pdf

Read

May 2025 PEI Real Estate Statistics

Sales Activity May 2025

The Spring market was coming to an end and the Summer market is kicking into gear as we arrive in June. Here’s what the real estate market looked like in PEI last month!

The number of homes sold through the MLS® System of the Prince Edward Island Real Estate Association totaled 218 units in May 2025. This was up by 6.9% (14 sales) from May 2024. Residential sales haven't hit this level in the month of May in more than five years.

New Listings May 2025

The number of new listings was essentially unchanged, up only 0.2% (one listing!) from May 2024. There were 426 new residential listings in May 2025. This was the largest number of new listings added in the month of May in more than five years.

New listings were 9.3% above the five-year average and 8.9% above the 10-year average for the month of May.

Active Listings May 2025

Active residential listings numbered 1,182 units on the market at the end of May, an increase of 6.2% from the end of May 2024. Active listings haven't been this high in the month of May in more than five years.

Active listings were 38.5% above the five-year average and 16% above the 10-year average for the month of May.

The average price of a home sold on Prince Edward Island last month was $410,980. Down slightly from last month but as the chart below indicates this number has been relatively stable since late 2022. See you next month!

Read

April 2025 PEI Real Estate Statistics

Sales Activity April 2025

As you can see from the chart this month had no surprises based on the past few years of April sales numbers.

The number of homes sold through the MLS® System totaled 184 units in April 2025. This was an increase of 4% (seven sales) from last year. A pretty solid month on PEI for the spring market except for outliers in 2020 and 2021.

New Listings April 2025

New listings are on par with last year’s numbers, but a small increase this April is the record for most new listings in the month in history on PEI. This means stable inventory numbers with no extreme swings though since there’s lots of product out there for buyers to shop for.

Active Listings April 2025

Active residential listings numbered 1,067 units on the market at the end of April, a moderate gain of 8% from the end of April 2024. Active listings haven't been thishigh in the month of April in more than five years.

So Inventory is good and stable, and has been for quite a while, though home prices have not really decreased as a result they remain on their slow and steady climb.

The average price of a home sold on Prince Edward Island last month was $417,794. Down slightly from last month but as the chart below indicates this number has been relatively stable since late 2022. See you next month!

Read

Mar 2025 PEI Real Estate Statistics

Sales Activity March 2025

The number of homes sold through the MLS® System of the PEIREA totaled 160 units last month. This was an increase of 13.5% from last March.

Home sales were 3.3% below the five-year average and 9.6% above the 10-year average for the month of March.

On a year-to-date basis, home sales totaled 397 units over the first three months of the year. This was a sizable gain of 10.3% from the same period in 2024.

New Listings March 2025

The number of new listings saw an increase of 10.1% from last year. There were 317 new residential listings last month - also the largest number of new listings added in the month of March in history!

New listings were 22.9% above the five-year average and 29.8% above the 10-year average for the month of March. Wow!

Active Listings March 2025

Active residential listings numbered 961 units on the market at the end of last month, a moderate gain of 9.6% from the end of March last year. Active listings haven't been this high in the month of March since pre-pandemic days.

Active listings were 39.2% above the five-year average and 11.1% above the 10-year average for the month of March.

The average price of homes sold in in PEI last month did however hit a record: $418,649, increasing by 12.3% from March 2024 and the first substantial increase in this number in well over 2 years. We shall see if this was an outlier or the start of a trend as the summer market gets into gear. See you next month!

Read

Feb 2025 PEI Real Estate Statistics

New Listings February 2025

The number of new listings rose 13.8% from February 2024. There were 231 new residential listings in February 2025. This was the largest number of new listings added in the month of February in more than 15 years!

New listings were 17.9% above the five-year average and 23.3% above the 10-year average for the month of February.

Sales Activity February 2025

The number of homes sold through the MLS® System of the PEIREA totaled 126 units in February 2025. This was a gain of 9.6% (11 sales) from February 2024.

Home sales were 2.3% below the five-year average and 4.6% above the 10-year average for the month of February.

On a year-to-date basis, home sales totaled 237 units over the first two months of the year, up by 8.2% from the same period in 2024.

Active Listings February 2025

Active residential listings numbered 908 units on the market at the end of February, up by 9.5% from the end of February 2024. Active listings haven't been this high in the month of February in more than five years.

Active listings were 35.9% above the five-year average and 8.3% above the 10-year average for the month of February.

The average price of homes sold in February 2025 was $373,993, a decrease of 6.2% from February 2024. This number however is still relatively stable as it has only varied slightly in almost 2.5 years on PEI.

Read

Real Estate 101: What is the Prohibition On the Purchase of Residential Property by Non-Canadians Act

On January 1, 2023 the federal government introduced an Act called the Prohibition on the Purchase of Residential Property by Non Canadians Act. A long name but based on the regulations sent out in conjunction with this Act some basic points are fairly clear.

1. This Act applies to anyone who is not a Canadian Citizen or has achieved permanent resident status. There are a few exceptions based on work visas and students studying in Canada. These exceptions are limited by years spent in Canada during a prescribed period.

2. Residential property is defined as 3 units or less. So other types of real property are available to be purchased by foreigners. The focus is to free up “homes” for Canadians.

3. The ban as it pertains to PEI is only in certain areas. As defined by Canadian census there is a map available that shows where the ban is and other areas outside that mapped are available for foreigners to buy, including the 3 units or less residential. The Maps are available to view below!

Charlottetown census agglomeration map

Summerside census agglomeration map

4. The ban is in force until Jan 1, 2027. It was originally set to expire Jan 1, 2025 but was since extended.

5. REALTORS® are required at point of sale to ascertain the status of our buyers. That means we will be asking buyers to confirm their status prior to writing a contract.

Remember! PEI is still subject to the Lands Protection Act which sets out limits non residents may buy before they have to apply for permission from the Island Regulatory and Appeals Commission. That is another layer of rules already in place specifically for Prince Edward Island.

Read
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.