Cot­tage prices in P.E.I. up

The Guardian (Charlottetown) - - THE ISLAND -

Recre­ational prop­erty prices in P.E.I. were up in May com­pared to the same time last year, ac­cord­ing to a re­port from Royal LePage.

The re­port showed the ag­gre­gate price for recre­ational prop­er­ties in P.E.I. in May was $225,500.

Hamish Red­path, co-owner of Royal LePage Prince Ed­ward Realty, said P.E.I. of­fers value to prospec­tive home­own­ers with peo­ple buy­ing higher end prop­er­ties, en­joy­ing them for a few months and rent­ing them out for the rest of the year.

“P.E.I. is Canada’s best kept se­cret for recre­ational prop­er­ties,” he said.

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.