About Queens County, PE

One of the many things that makes Charlottetown, Prince Edward Island a scenic city is the magnificant Victoria Park. It is a has a wonderful Boardwalk along the Hillsborough River that is used very frequently in summer and winter by residents of Charlottetown for their walking exercise. Along this Boardwalk one can look at the entrance to the Charlottetown Harbour and, in the summers season, view all the sailing boats, and Cruise ships that come into Charlottetown. Victoria Park has a swimming pool, tennis courts, and many playground facilities for the whole family. There are several ball fields that are well used in the baseball and softball season. Many residents of Charlottetown, and visitors just enjoy walking or biking through the Victoria Park region, and maybe stopping for some soft ice cream or a soft drink.

Houses for sale in Charlottetown PEI that are situated close to Victoria Park have an extra advantage of being sold at higher selling prices. Investors appreciate being close to Victoria Park, Charlottetown. Charlottetown Real Estate agents know that if they list a property close to Victoria Park, it will be attractive to investors.

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

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