With the population increase in Prince Edward Island through migration and immigration, the dream of home ownership has been dwindling away for many islanders. Despite efforts to build new houses, demand can’t meet supply which in turn has created well documented record breaking house prices island wide, making that life goal near impossible for many people.
To help support islanders with the dream of homeownership the government has initiated a new rent to own program for qualifying buyers and properties. So, if you’re looking to buy, I would encourage you to check it out!
For more information on this please see attached link from the Province of PEI
If you have any questions regarding the market and support with your exciting first home purchase, as a first time buyer and residential sales specialist I am on hand to help you make your home dreams come true in 2024!
Want to know more? Have more questions? Need Answers?…
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This article is not intended to solicit buyers or sellers currently in contract with other members of the PEIREA. Using this article in full or part without permission is a violation of copyright laws. Copyright © 2024 Melanie Press Real Estate at Impress Island Realty