Balanced Market
Mortgage Rates in Summerside, PEI
Summerside is PEI's second-largest city offering more affordable real estate than Charlottetown with a strong aerospace and military economy.
Avg Home Price
$310,000
Benchmark Price
$295,000
Year-Over-Year
↓ 1.8%
Best 5-Yr Fixed
4.89%
Today's Best Rates Near Summerside
| 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.
Summerside Real Estate Market
Balanced Market: Supply and demand are roughly equal — a stable environment for buyers and sellers.
Summerside is PEI's second-largest city offering more affordable real estate than Charlottetown with a strong aerospace and military economy.
Land Transfer Tax — Summerside
PEI charges a real property transfer tax of 1%.
Neighbourhoods in Summerside
Downtown SummersideWilmotCentral BedequeLot 17Miscouche
Frequently Asked Questions
What is the average home price in Summerside PEI?
The average home price in Summerside is approximately $310,000, more affordable than Charlottetown.
Is Summerside a good alternative to Charlottetown?
Summerside offers better affordability with its own strong economy including aerospace (Slemon Park), government, and retail.
What is Summerside's economy based on?
Summerside's economy includes Slemon Park aerospace/tech hub, federal government, healthcare, and regional retail.
Is Summerside real estate a good investment?
Summerside's stable employment base and affordability create reasonable rental investment opportunities.
Are there restrictions on buying in Summerside?
PEI's Lands Protection Act applies island-wide. Most residential purchases are below the 5-acre threshold requiring approval.
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