Prince Edward County Real Estate: Disconnected From Reality
Over the last several months, prices for PEC homes have become disconnected from reality.
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Over the last several months, prices for PEC homes have become disconnected from reality.
With shortage of listings and continued demand from Toronto migrants, the real estate market was firmly in bubble territory with a price increase of 41%.
The strong seller’s market in Prince Edward County continued in December - for how long depends on second wave Covid-19 lockdowns impact on incomes.
Extraordinary demand coupled with low listings are making County real estate unsustainable.
With key housing metrics giving a mixed message on demand in Prince Edward County in the second quarter of the year, new home sales continue to climb.
Prince Edward County announced its proposed system for licensing Airbnb’s at a packed public meeting on April 16th.
How will new home construction in Prince Edward County affect housing prices in the years to come?
Existing rentals exempted but a freeze on new rentals to come to most popular areas.
Buyers of lakefront cottages should be aware of whether their land touches the water not only in fact but according to the registered title.
Buyers considering using a property as an airbnb rental should have a viable “Plan B” based on long-term rental.
Can buying in outlying areas normally thought of as 'cottage country' be a viable way to get onto the housing ladder?
Currently a "jewel in the rough," new plans for the picturesque harbour promise real change.
Buyers of homes over $300,000 in Prince Edward County saw the best selection ever as listings increased to an all-time high this past quarter.
Our new series keeps an analytical eye on the real estate market in Prince Edward County, one of Toronto's most coveted escapes.
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