Balanced Market
Mortgage Rates in Charlottetown, PEI
Charlottetown is PEI's capital and Canada's birthplace of Confederation with a growing tourism economy and UPEI driving real estate demand.
Avg Home Price
$410,000
Benchmark Price
$390,000
Year-Over-Year
↓ 1.4%
Best 5-Yr Fixed
4.89%
Today's Best Rates Near Charlottetown
| Rate Type | Best Rate |
|---|---|
| 5-Year Fixed | 4.89% |
| 5-Year Variable | 5.45% |
| 3-Year Fixed | 4.74% |
| 2-Year Fixed | 5.1% |
| HELOC | 6.2% |
*Based on $500K mortgage, 25-year amortization, Canadian semi-annual compounding. Last updated: May 25, 2026.
Charlottetown Real Estate Market
Balanced Market: Supply and demand are roughly equal — a stable environment for buyers and sellers.
Charlottetown is PEI's capital and Canada's birthplace of Confederation with a growing tourism economy and UPEI driving real estate demand.
Land Transfer Tax — Charlottetown
PEI charges a real property transfer tax of 1% of the greater of purchase price or assessed value.
Neighbourhoods in Charlottetown
Downtown CharlottetownSherwoodWest RoyaltyStratfordCornwall
Frequently Asked Questions
What is the average home price in Charlottetown?
The average home price in Charlottetown is approximately $410,000, stabilizing after strong pandemic-era gains.
Are there restrictions on buying property in Charlottetown?
PEI's Lands Protection Act restricts non-residents from owning more than 5 acres. Most residential properties are below this limit.
Is Charlottetown real estate a good investment?
Charlottetown has a strong tourism economy and UPEI student rental demand. Limited island land supply supports long-term values.
What are the best areas near Charlottetown?
Stratford across the bridge is popular and slightly more affordable. Cornwall is growing. Sherwood and West Royalty are suburban.
What is UPEI's impact on Charlottetown real estate?
The University of PEI creates student rental demand. International student enrollment has grown significantly, supporting occupancy rates.
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