Читать книгу Buy & Sell Recreational Property in Canada - Geraldine Santiago - Страница 19

Once the best-kept secret for recreational property, Prince Edward Island is gaining in popularity. Currently, a waterfront property starts at $200,000. In PEI, buyers from the United States, Canada, and Europe drive recreational property sales. The external demand has exerted pressure on cottage prices and is making the market less affordable for local residents.

Note that Prince Edward Island imposes ownership restrictions that limit beachfront property to 165 feet. This prevents international developers from monopolizing beachfront properties.