What’s Happening in the Charlottetown Housing Market?
The average residential sale price in the Charlottetown housing market increased by approximately 10 per cent between 2025 and 2026, rising from $390,000 to $403,500. The number of sales decreased by around 10 per cent over the same period, falling from 978 to 879. The number of listings also decreased by approximately five per cent, declining from 1,868 to 1,765.
Looking ahead, average 2026 sale prices are expected to decline by approximately 1.5 per cent compared with 2025 levels, while the number of sales is expected to decline by five per cent.
Charlottetown is currently a buyer’s market, with a slowdown in activity creating more favourable conditions for purchasers, according to Mary Jane Webster, Broker/Owner of REMAX Charlottetown. Higher inventory levels and reduced urgency have given buyers greater negotiating power and allowed them to take a more methodical approach to their home search, rather than feeling pressured to act quickly.
A lack of homes that meet buyers’ budgets and needs remains the biggest factor preventing more first-time buyers from entering the market.
AThe GST/HST rebate has not meaningfully changed the path to homeownership because first-time buyers in Charlottetown are generally not purchasing new construction. The rebate has also had little impact on buyer conversations or purchasing behaviour, as new builds are often not targeted toward first-time buyers.
The rebate has not had a meaningful impact in the Charlottetown market overall.
Buyers are least willing to compromise on location. However, they have shown increased interest in attached homes and are increasingly shifting their focus from downtown neighbourhoods to suburban areas, where they can find newer homes and more living space.
The foreign buyer ban has had little impact on either affordability or new construction development.
According to Mary Jane, the combination of the foreign buyer ban and federal restrictions on international students has affected the market more broadly, with impacts extending beyond the markets those policies were originally intended to address.
Frequently Asked Questions
How have home prices changed in Charlottetown?
The average residential sale price in Charlottetown increased by approximately 10 per cent between 2025 and 2026, rising from $390,000 to $403,500.
How have sales and listings changed in Charlottetown?
The number of sales decreased by approximately 10 per cent, from 978 to 879, while the number of listings decreased by approximately 5 per cent, from 1,868 to 1,765.
What is expected for Charlottetown home prices in 2026?
Average 2026 sale prices are expected to decline by approximately 0 to 3 per cent compared with 2025 levels.
What is expected for home sales in Charlottetown in 2026?
The number of sales is projected to decline by approximately 5 per cent.
Is Charlottetown currently a buyer’s market?
Yes. Charlottetown is currently a buyer’s market, with slower market activity providing buyers with more negotiating power, greater inventory selection and less pressure to make quick decisions.
What is the biggest challenge for first-time buyers?
A lack of homes that meet buyers’ budgets and needs remains the biggest factor preventing more first-time buyers from entering the market.
How is the GST/HST rebate affecting the Charlottetown housing market?
According to Mary Jane Webster, Broker/Owner of REMAX Charlottetown, the GST/HST rebate has not meaningfully changed the path to homeownership because first-time buyers in Charlottetown generally are not purchasing new-construction homes.
Has the GST/HST rebate changed buyer behaviour?
The rebate has had little impact on buyer conversations or purchasing behaviour because most new construction is not targeted toward first-time buyers and remains outside their preferred price range.
What are buyers least willing to compromise on?
Buyers are least willing to compromise on location.
How are buyer preferences changing?
Many buyers are showing greater interest in attached homes and are increasingly shifting their search from downtown areas to suburban communities, where they can find newer homes and more space.
Has the foreign buyer ban affected affordability or new construction development?
The foreign buyer ban has had little impact on affordability or new construction development in Charlottetown.
What other factors are influencing the market?
According to Mary Jane Webster, the combination of the foreign buyer ban and federal restrictions on international students has affected the market more broadly, with impacts extending beyond the markets those policies were originally intended to address.
