Charlottetown Housing Market Update (Fall 2025)

Trends in the Charlottetown Housing Market

Average sales prices across all property types are anticipated to rise 1.5 per cent through the end of 2025, with the number of sales is predicted to also increase, by two per cent. In Q4 2024, the Charlottetown housing market experienced a relatively balanced market. It is however shifting into a less balanced one with homes staying on the market longer. Sales of higher-end properties have slowed, and move-up buyers feel an increasing need to include a sale of buyer's property condition when purchasing their next home. Consequently, there has been a rise in amendments and extended negotiations as parties work to adjust their expectations and meet these evolving conditions. 

Demand in the region is being driven primarily by young and middle-aged couples, a trend expected to continue through the fall. The federal foreign buyer ban has had negative impact on the region. There is not enough quality inventory that matches what buyers are looking for. Properties are on the market, but they are not what buyers are interested in. 

The Charlottetown housing market went through a few years of much larger year-over-year price increases, which has since settled down. The adjustment is more that sellers have had to change their mindset to not expect to realize gains of 20 to 30 per cent year-over-year. Once those expectations are put in check, and sellers become more aligned with what is realistic, movement results. The other noticeable shift touched on is that offers in the region have conditions again. Move up buyers need to sell their current home to move up in the marketplace, and those moving from other provinces are taking longer to sell their homes. We are over the initial resistance of political climate with tariffs, but many buyers are still contemplating if the interest rates will go down further.