1.902.566.1900 | 94 Kent Street, Charlottetown, PEI | Site Map

Arefin Ahasan

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Cell: 902.978.2912
Email: Send Arefin An Email

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Greg Lipton

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Cell: (902) 394-1393
Email: Send Greg An Email

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Ken Smallwood

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Phone: (902)393.1634
Email: Send Ken An Email

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Home Sales are on par with 2012

According to the Canadian Real Estate Association statistics, home sales on PEI have increased ever so slightly since 2012, year to date. Although, if you are listing your property on PEI, you may want to have a discussion on time frame to list, as it might take a little longer to sell because of an increase in inventory over last year.
“National sales activity is now forecast to reach 443,400 units in 2013. This represents a decline of 2.5 per cent from 454,573 sales in 2012, and marks an upward revision from the previous forecast decline of 2.9 per cent. Alberta and Prince Edward Island are the only provinces where sales are projected to post an annual increase in 2013, with declines in other provinces reflecting the impact of more restrictive mortgage lending rules and guidelines.”
for more information check out the CREA website address below:
http://crea.ca/crea-updates-resale-housing-forecast-1