Since January 2020, Charlottetown has seen an uptick in both sold properties and new listings. The true market impacts of COVID-19 remain to be seen, however it is expected that this trend will continue this spring. First-time buyers and move-up buyers propelled the Charlottetown housing market in 2019, and they will continue driving market activity in the future. The top concerns for buyers in the region? Low housing supply and affordability.
So, what are the best neighbourhoods in Charlottetown to buy a house? RE/MAX explores more than 300 of Canada’s most liveable hot spots in the new 2020 Liveability Report. Here are our top picks for Charlottetown.
10 Most Liveable Neighbourhoods in Charlottetown
University of PEI
Charlottetown’s Future Liveability
Charlottetown’s liveability is expected to improve in the next three to five years. Local communities are experiencing a push for better access to walking paths and the creation of bike lanes. There are some really exciting new industries emerging, such as renewable and alternative energies and excellent support of small businesses, which allows for the creation of a stable economy and truly local support. PEI offers safe communities and a lifestyle that many consider second-to-none.
Liveability is about quality of life at a local level. A neighbourhood’s dynamism, or lack thereof, involves a delicate convergence between independent small businesses, public institutions, arts and culture, green spaces and housing, to name a few. The COVID-19 tragedy will impact neighbourhood ecosystems differently across the country, just as the virus itself has. Yet, civic/local pride has been proliferating throughout this crisis in inspiring ways, giving Canadians hope that micro-economies, including real estate, have the resilience to be restored in the near and mid-term.
Lydia McNutt is an award-winning editor, with more than two decades of experience specializing in Canadian real estate. At RE/MAX, Lydia is responsible for developing consumer-facing content while promoting the RE/MAX brand through housing market reports and market news, as featured on the RE/MAX Canada blog and social media channels. Lydia has been published nationally on topics ranging from real estate, architecture, decor and design, to finance, business, technology, entertainment and lifestyle. When she’s not head-down at her writing desk, Lydia is busy “momming” in Oakville, Ontario, where she lives with her husband, two kids and their chocolate lab, Betty. Email Lydia at email@example.com