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
- Spring Park
- East Royalty
- Downtown Charlottetown
- West Royalty
- University of PEI
- Clearview Estates
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.
Best Places to Live in Canada
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.
To learn more about liveability in Canada’s biggest housing markets, read the RE/MAX 2020 Liveability Report.