George Jordan

Aim Trimark, a top investment management company, will be setting up business in a new 3 storey office building on Euston Street, Charlottetown, PEI, Canada. CADC in Charlottetown will build it and lease it to the new company. This company will bring jobs with it that can only enhance the already good economy of the city of Charlottetown. Spinoffs in all sectors of the Charlottetown economy will be felt, including the Charlottetown Real Estate industry as the workers of this company will need housing in the capital city.

George Jordan, Red Soil Real Estate Inc.

Point Prim, PEI is the picturesque location of the well know Point Prim Lighthouse. It is unique among Candian lighthouses in that it is the only round brick lighthouse in the country of Canada, and it is the oldest lighhouse (1846) in the province of Prince Edward Island. Located at the end of the Point Prim Road, the lighthouse is a must see for all tourists visiting the province of PEI. It overlooks the huge body of water between PEI and Nova Scotia called the Northumberland Strait.

Point Prim is located on a peninsula between the Ferry Terminal at Wood Islands, and the capital city of Charlottetown. Many non-residents own super oceanfront properties on this peninsula and close to the historic Point Prim Lighthouse. The oceanfront properties along the Northumberland Strait in Point Prim are usually desired because of their low banks, and nice sand ocean beaches. There are a lot of Tourist Attractions close by from this location, and this makes the Point Prim area especially liked by the American investors as well as other global investors.

The next time you visit Prince Edward Island, make it a point to see this historic lighthouse.

George Jordan, Red Soil Real Estate Inc., 902-962-2050

The Charlottetown Real Estate market is very robust and dynamic at any month in a PEI Real Estate year, and the prices of homes in Charlottetown are quite reasonable compared to home prices in other parts of Canada such as Alberta, British Columbia, Quebec, Saskatchewan, or Ontario.

A reasonable 2 or 3 bedroom home for lower or middle income investors can be had for under $100,000. in Charlottetown. These homes can have vinyl siding, and have quite a goodly number of improvements. For app. $140,000., an investor can acquire a new Bungalow styled home with most of the modern features that investors look for in a residential home. A new split entry can also be purchased for between $150,000. to $200,000. These home can have hardwood floors, and infloor heat, etc.

For upper scale homes in Charlottetown, one could pay $350,000., $400,000. or higher. These homes would be located in the more sought after parts of Charlottetown such as Brighton or Lewis Point, etc.

In conclusion, the homes for sale in Charlottetown, PEI have appreciated in the last 10 years or so, but are still within the price range of most home buyers. If these prices are too high, some buyers will target the minihome market of new or older minihomes, especially minihomes that have their own private lots; however these properties will probably be located somewhat outside of the main city of Charlottetown.

George Jordan, Owner/Broker, Red Soil Real Estate Inc., http://www.buysellpei.com

According to Canada Mortgage and Housing Corporation (CMHC) residential construction in the capital city of Charlotttown, Prince Edward Island for the month of January, 2008 has increased from the same time last year.

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CHARLOTTETOWN CA
Single 12 11 9.1% 12 11 9.1%
Multiple 2 0 - 2 0 -
TOTAL 14 11 27.3% 14 11 27.3%

This above data is a good sign for the Charlottetown Real Estate market in that housing starts are increasing. Low interest rates and a good economy in Prince Edward Island continue to keep the PEI Real Estate market stable, and look good for the 2008 PEI Real Estate season.

Investment in a Residential home in Charlottetown is a good investment. For more information on the homes for sale in Charlottetown, PEI, contact:

George Jordan, Owner/Broker, Red Soil Real Estate Inc., 902-962-2050, http://www.buysellpei.com

The city of Charlottetown, Prince Edward Island has recently been the site of construction of high and low end Condos. Developers are seeing the success of Condos in other parts of Canada such as Alberta, Ontario, and British Columbia, and are thinking that Condos can also be a good investment in Canada's smallest province. Statistics are not readily available as to what type of investors are buying PEI Condos, but it would seem reasonable to believe that both PEIslanders and non-residents are purchasing them. Investors who want to own a property where maintenance is virtually non-existent are happy with PEI Condos.One thing is fairly certain, PEI Condos that have a gorgeous waterfront view are certainly in demand and these Condos sell quickly. The PEI Condos that are more away from the water take longer to sell. With the influx of new investors to PEI, and new buildings for these investors being built, Condos will be more in demand for the many workers that will be coming to Prince Edward Island.

Prices for Condos in Prince Edward Island range from approximately $100,000.(+) to $400,000.(+) These prices are not too high for most middle class investors and are certainly lower priced than Condos in other parts of Canada.

If you are a serious investor and are considering purchasing a Condo in the beautiful city of Charlottetown, Prince Edward Island, contact:

George Jordan, Owner/Broker, Red Soil Real Estate Inc., 902-962-2050