Can I buy waterfront property in PEI as a non-resident?

PEI's Lands Protection Act requires non-residents (defined narrowly — includes non-PEI Canadians for properties exceeding 5 acres or 165 feet of shoreline) to seek approval from the Island Regulatory and Appeals Commission. Canadian buyers from other provinces can purchase most residential properties without restriction; large rural or waterfront properties trigger the review.

What is the PEI Real Property Transfer Tax on a $400K Charlottetown home?

Exactly $4,000 — flat 1.0%. First-time buyers above the $264K threshold pay the full amount; below it, exemptions apply. Bear in mind PEI does not have a tiered tax like Ontario or BC, so the cost is the same per dollar across all price points.

Is Charlottetown a good investment market?

Charlottetown has seen the strongest price growth in PEI since 2020, driven by in-migration and a strong tourist-rental market. Short-term-rental investor files (Airbnb-style) are common but face increasing municipal regulation — check current bylaws before committing capital.

Prince Edward IslandLive ratesUpdated Jun 12, 2026

Prince Edward Island mortgage rates.

Smallest provincial market with strong out-of-province in-migration since 2020, pushing Charlottetown prices materially upward. Tourism and retirement economy.

5-star rated| FSRA #13737| 50+ languages

Purchase — Prince Edward Island

As of Jun 12, 2026

Lender

Term

Type

Rate

APR

Best-in-network

50+ lender panel · MSA

5-yr

Variable

4.04%Best

4.04%

Best-in-network

50+ lender panel · MSA

5-yr

Fixed

4.19%

Best-in-network

50+ lender panel · MSA

3-yr

Fixed

4.39%

Best-in-network

50+ lender panel · MSA

2-yr

Fixed

4.79%

Best-in-network

50+ lender panel · MSA

1-yr

Fixed

5.39%

Best-in-network

50+ lender panel · MSA

10-yr

Fixed

5.69%

Rates updated daily. O.A.C., E.&O.E.

Refinance — Prince Edward Island

As of Jun 12, 2026

Lender

Term

Type

Rate

APR

Best-in-network

50+ lender panel · MSA

5-yr

Variable

4.04%Best

4.04%

Best-in-network

50+ lender panel · MSA

5-yr

Fixed

4.19%

Best-in-network

50+ lender panel · MSA

3-yr

Fixed

4.39%

Best-in-network

50+ lender panel · MSA

2-yr

Fixed

4.79%

Best-in-network

50+ lender panel · MSA

1-yr

Fixed

5.39%

Best-in-network

50+ lender panel · MSA

10-yr

Fixed

5.69%

Rates updated daily. O.A.C., E.&O.E.

Renewal — Prince Edward Island

As of Jun 12, 2026

Lender

Term

Type

Rate

APR

Best-in-network

50+ lender panel · MSA

5-yr

Variable

4.04%Best

4.04%

Best-in-network

50+ lender panel · MSA

5-yr

Fixed

4.19%

Best-in-network

50+ lender panel · MSA

3-yr

Fixed

4.39%

Best-in-network

50+ lender panel · MSA

2-yr

Fixed

4.79%

Best-in-network

50+ lender panel · MSA

1-yr

Fixed

5.39%

Best-in-network

50+ lender panel · MSA

10-yr

Fixed

5.69%

Rates updated daily. O.A.C., E.&O.E.

HELOC — Prince Edward Island

As of Jun 12, 2026

Lender

Term

Type

Rate

APR

Best-in-network

50+ lender panel · MSA

0-yr

Variable

6.45%Best

6.45%

Rates updated daily. O.A.C., E.&O.E.

Benchmark price

$385,000

Prince Edward Island provincial average · 2026

PEI Real Property Transfer Tax

Flat 1.0% on the greater of purchase price or assessed value. Calculated at closing.

Bona fide first-time buyers purchasing under $200K are exempt; partial exemption for FTHB up to $264K.

Regulator

Office of the Superintendent of Insurance and Real Estate

Official site →

Top Prince Edward Island lenders

RBCScotiabankProvincial Credit UnionTDMCAPFirst National

Why Prince Edward Island rates work the way they do

PEI has thin lender competition — Big-6 + monolines plus Provincial Credit Union dominate. Tourism-economy short-term-rental investor files have become common since 2020 (especially in Charlottetown and the North Shore).

Foreign-buyer rules: Federal foreign-buyer ban applies through 2027. PEI separately requires non-resident buyer approval for properties exceeding 5 acres or shore frontage greater than 165 feet (Lands Protection Act).

Mortgage brokers in Prince Edward Island

Same FSRA license, same 50+ lender network — applied to each Prince Edward Island market.

All Prince Edward Island cities →

FAQ

Prince Edward Island mortgage rates — common questions.

Don’t see yours? Ask Maya — instant answer in 50+ languages.

Yes — bona fide first-time buyers purchasing under $200K are fully exempt from PEI Real Property Transfer Tax. Partial exemption is available up to $264K. Above that threshold, the standard 1.0% rate applies on the full purchase price.

Rates in other provinces

Same broker, every province — pick yours.

National rate table →

Ontario British Columbia Alberta Quebec Manitoba Saskatchewan Nova Scotia New Brunswick Newfoundland and Labrador

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