10 Most Expensive Places in PEI

Prince Edward Island, commonly known as PEI, is a charming and picturesque province located on the east coast of Canada. With its stunning landscapes, vibrant culture, and friendly communities, it has become a popular destination for tourists and a sought-after place to live. However, like any other region, there are areas within PEI that are considered more expensive than others. In this article, we will explore the top 10 most expensive places in PEI.

1. Charlottetown

As the capital city of PEI, Charlottetown is not only the largest urban center but also one of the most expensive places to live. The city offers a diverse range of amenities, including shopping centers, restaurants, and cultural attractions. Its historic charm, coupled with a thriving job market, contribute to the higher cost of living in this area.

2. Stratford

Located just across the Hillsborough Bridge from Charlottetown, Stratford is another top contender for expensive living in PEI. With its beautiful waterfront properties and close proximity to the capital city, many individuals and families choose to settle in this upscale community.

3. Cornwall

Situated on the western side of Charlottetown, Cornwall is a rapidly growing town that has seen significant development in recent years. The demand for housing in this area has increased, driving up property prices and making it one of the more expensive places to reside in PEI.

4. Summerside

As the second-largest city in PEI, Summerside is an attractive place to live with its rich history and coastal charm. While the cost of living here may be slightly higher compared to other areas on the island, residents enjoy a range of amenities, including shopping centers, recreational facilities, and beautiful beaches.

5. Parkdale

Nestled on the outskirts of Charlottetown, Parkdale is a neighborhood that offers a mix of suburban and rural living. The area boasts spacious properties and a peaceful atmosphere, which attracts those looking for a higher-end lifestyle.

6. Brackley Beach

Known for its stunning beaches and proximity to the Prince Edward Island National Park, Brackley Beach is a highly desirable area for both locals and tourists. The demand for properties in this picturesque location has driven up prices, making it one of the more expensive places to live in PEI.

7. North Rustico

With its charming fishing village atmosphere and breathtaking coastline, North Rustico is a sought-after community in PEI. The combination of its natural beauty and close-knit community contributes to its higher cost of living.

8. Cavendish

Famous for being the inspiration behind L.M. Montgomery’s “Anne of Green Gables,” Cavendish is a popular tourist destination in PEI. The area offers a range of high-end accommodations, restaurants, and recreational activities, making it an expensive place to live.

9. Darnley

Situated on the northern coast of PEI, Darnley is a hidden gem known for its stunning views, sandy beaches, and tranquil atmosphere. The area is dotted with upscale cottages and properties, attracting individuals seeking a peaceful and luxurious lifestyle.

10. Souris

Located on the eastern tip of PEI, Souris is a vibrant coastal town that offers a laid-back lifestyle. The area boasts affordable housing options, but certain waterfront properties and upscale neighborhoods can be more expensive, making it the final entry on our list.

In conclusion, while PEI is generally known for its affordable living and welcoming communities, there are several areas that command higher prices due to their desirable locations, amenities, and natural beauty. Whether you are considering a move or simply curious about the island’s real estate market, this list serves as a helpful guide to the 10 most expensive places in PEI.

FAQ

Q: What are the top 10 most expensive places in PEI?
A: The top 10 most expensive places in PEI are Charlottetown, Stratford, Cornwall, Summerside, Parkdale, Brackley Beach, North Rustico, and more.

Q: What makes Charlottetown an expensive place to live?
A: Charlottetown is the capital city of PEI and offers a diverse range of amenities, a thriving job market, and historic charm, which contribute to its higher cost of living.

Q: Why is Cornwall considered an expensive place to reside in PEI?
A: Cornwall has seen significant development in recent years, leading to increased demand for housing and subsequently driving up property prices.

Q: What attracts people to live in Brackley Beach despite its higher cost of living?
A: Brackley Beach is known for its stunning beaches and proximity to the Prince Edward Island National Park, making it a highly desirable area for both locals and tourists.