Charlottetown is Canada's smallest provincial capital and the birthplace of Confederation. With a booming tourism economy, UPEI campus, and one of Canada's most affordable housing markets, Charlottetown offers remarkable quality of life on the Island.
Prince Edward Island charges a Real Property Transfer Tax of 1% on the value over $30,000. The first $30,000 of the purchase price is exempt. There is no first-time buyer rebate in PEI. Budget this into your Charlottetown home purchase closing costs.
EQ Bank's 3.00% everyday savings rate with no fees is ideal for Charlottetown's growing population of students, newcomers, and young professionals who want to maximize their savings on PEI's modest incomes.
Charlottetown families can earn 5% cashback at local grocery stores and earn a $100 welcome bonus with KOHO — a meaningful boost in a province with Canada's highest food costs relative to income.
Tangerine's 5.00% promo savings rate for 6 months is an outstanding down payment accelerator for Charlottetown first-time buyers looking to enter one of Atlantic Canada's most affordable yet rapidly appreciating markets.
Scotiabank has branch presence in Charlottetown along University Avenue and Queen Street, providing mortgage services and full banking for Island residents including UPEI students and federal government employees.
TD Bank provides full-service banking in Charlottetown with local branches, ATMs across PEI, and mortgage products suited to Island buyers including both existing homes and new construction in growing suburban areas.
RBC serves Charlottetown with branch presence and a coast-to-coast network. Well-suited for Island newcomers, UPEI international students, and PEI government employees who need comprehensive banking services.
PEI charges 1% on the portion of the purchase price exceeding $30,000. The first $30,000 is exempt. No first-time buyer rebate applies in Prince Edward Island.