Kickhams remarks reflect Aprils real estate numbers for P.E.I. Last month, 188 single-family homes sold on the Island for a total amount of $68.1 million. The average price was $362,452, and the median price was $332,000.

Is P.E.I. a cheap place to live?

Prince Edward Island ranks remarkably low in terms of cost of living. Even Charlottetown, the capital, is one of the most affordable cities in Canada. Real estate, food, and your monthly utility bills will all be cheaper here.

What is the average price of a house in Charlottetown?

The average house price in Charlottetown rose from $200,000 to $277,000.

How long is winter in Prince Edward Island?

Average Temperature in Prince Edward The cold season lasts for 3.4 months, from December 6 to March 17, with an average daily high temperature below 37°F.

How much do I need to retire in PEI?

To retire on Prince Edward Island, you will need to be able to afford the average cost of living of $1316 per person, per month. If you have $16,000 per year, you will live just fine on Prince Edward Island.

Is PEI a good place to retire to?

Prince Edward Island is often considered a great place for retirees because of its cost of living, gorgeous scenery, and low crime rate.