That Home Magazine Prince Edward Island January 2022 by That HOME Magazine

REAL ESTATE. FOR SALE.

FREE: January 2022

Stratford Historic

FAMILY PROPERTY

[Restored to perfection]. Pg 10

PATTY CAMPBELL Owner & Broker

902.626.6622

THM PEI JAN 2022.001 Campbell.indd 1

ISLAND Real Estate. Change in 2022? Pg 11 2022-01-02 10:48 PM

PAGE 2

2020

HAPPY NEW YEAR! CHEERS TO 2022! Catherine Fournier 902.628.5495

C H A R LOT T E TO W N R E A LT Y

902.629.4889 weknowpei.com

LOT – MONAGHAN ROAD, LAKE VERDE $42,000 MLS®202122210 Build the home of your dreams on this beautiful 1.07-acre lot only 15 minutes from Charlottetown and 5 minutes to Avondale golf course.

LOT 11 VANNIE COURT, FAIRVIEW $59,000 MLS®202127770 Beautiful 0.74 acre lot overlooking West River, 5 minutes to Cornwall amenities (grocery, doctors, Post Office, etc) a short drive to Golf Courses and National Park sandy beaches. 74 ENGLAND CIRCLE, CHARLOTTETOWN $719,000 MLS®202121892 Beautiful family home in West Royalty! Bright, spacious and inviting, open concept layout, separate apartment or in-law suite, 2 heat pumps, 2 car garage

143 MACKINLEY CRESCENT, CORNWALL $459,000 MLS®202129431 Well built, well maintained house - three bedrooms, one and a half bathroom, open concept kitchen/living room, ample storage, fenced private backyard, large storage shed.

32 MILL ROAD, HAMPTON $689,000 MLS®202127909 Beautiful renovated family home, minutes from the beach, ocean views, wrap around porch, ICF foundation, open concept great room, custom kitchen, main floor master suite and more!

49 KEATON DRIVE, CHARLOTTETOWN $695,000 MLS®202122472 Beautiful new build - Bright, spacious and inviting home is custom built with quality in every detail. Enjoy great schools, public transit and just minutes to all amenities.

29 ALICE AVENUE, CHARLOTTETOWN $366,000 MLS®202128670 Brand new, beautifully finished, semi sdetached home, one level living, attached heated single car garage, open concept layout, custom built kitchen, fantastic master suite, heat pump

1 – 12 HAROLD COURT, CORNWALL $399,000 MLS®202129974 Fantastic, newly built home features 3 large bedrooms swith large walk-in closets, open-concept layout, large custom kitchen with quartz countertops, heated garage

THM PEI JAN 2022.002 Fournier.indd 1

19, 21-1, 21-2 KING STREET, CHARLOTTETOWN $999,000 MLS®202117843 Great opportunity to own a completely renovated triplex in the heart of Charlottetown on the 500 block. New modern kitchens, In-suite laundry, lots of natural light!

104 MACRAE DRIVE, CHARLOTTETOWN $679,000 MLS®202129903 Beautiful family home, bright, spacious, and inviting, open concept living room, vaulted ceilings, master bedroom with walk-in closet and ensuite, in-law suite with full kitchen

2 – 12 HAROLD COURT, CORNWALL $399,000 MLS®202129975 Fantastic, newly built home features high vaulted ceiling in the primary bedroom, large open-concept kitchen/dining/living room. This is a complete sturn key home, includes all appliances.

26 TAYLOR STREET, CHARLOTTETOWN $624,900 MLS®202122775 Family friendly West Royalty custom built home with modern finishes, a bright kitchen, a mud room area with lockers, attached double garage, great schools close by.

14 YORKSHIRE DRIVE, CHARLOTTETOWN $389,000 MLS®202129429 This lovely two bedroom is a great starter home on a mature corner lot in a great family friendly neighborhood features open concept living room, renovated kitchen, recent renovations

LOT 6 WARDS LANDING ROAD, ROCKY POINT $49,900 MLS®202122003 Build the home of your dreams on this beautiful almost acre lot, only 20 minutes from Charlottetown. Close to golf courses and South Shore Beaches. Covenants in place

2022-01-03 8:42 PM

PAGE 3

Happy New Year! 2021 REALTOR®

Prince Edward Realty

902.213.5235

YOUR HAPPINESS IS MY GOAL

I believe that people deserve an exceptional real estate experience.

MelanieShawHomes@gmail.com

STAGING YOUR HOME TO SELL IN 2022

Let Melanie help you to prepare your Home with her professional “Room By Room” Staging System. Call Melanie today to set up a Conﬁdential discussion about getting your home Ready for Sale. 902-213-5235 60 TUCKERS WAY, STRATFORD $918,800 MLS®202129292 Stunning Custom Built Home in Prime Court Location of Stonington. 9 ft. Ceilings. Custom Built Gourmet Kitchen with Granite Counters, Propane Stove, Huge Entertaining Island...open to the Dining area and Living area. Main Floor Ofﬁce and Main Floor Tv Rm/Play Rm. Fully Finished Lower Level. Private Premium Backyard with Mature Trees and Privacy. Call Melanie at 902-213-5235

6000 SQ FT FOR LEASE

6 PRINCE STREET, CHARLOTTETOWN COMMERCIAL SPACE MLS®202126602 Stylish and full of Character Office/ Company space at the Historical Founders Hall. A Very Rare find in the most Perfect Charlottetown Location of approx 6,000 sq ft with a Private Entrance, Elevator Service, Boardroom, Ample Storage, Waterview, Open floor space, High Ceilings, A Beautiful Outdoor Private Deck Patio. $27 a sq foot. Call Melanie 902-213-5235

HUGE DUPLEX ON 1 ACRE

1 EDIE’S WAY & 42 ASPIN CRES, STRATFORD $875,000 MLS®202123954 A Beautiful Huge Duplex in the Executive Strawberry Lane Subdivision set high on the hill. This unique property features Two Homes that have been maintained to perfection including many recent improvements. 2 Double Driveways and 2 Double Garages. “A Fantastic Investment Property.” Call Melanie at 902-213-5235

GOLF COURSE VIEW

15 MACBETH COURT, STRATFORD $529,900 MLS®202128343 Beautiful home with a beautiful view overlooking the Fox Meadows golf course. 4 bedrooms, 3 full bathrooms, 2200 ft.² of living space, a huge garage. The primary bedroom has a walk-in closet and ensuite bath with a huge soaker air tub plus a separate shower. The lower level has a large family room with a propane ﬁreplace, a fourth bedroom and a bathroom. Shows to perfection. Call Melanie at 902-213-5235

LIFESTYLE PACKAGE

MELANIE SHAW 902.213.5235

THM PEI JAN 2022.003 Shaw.indd 1

46 BRITTANY DR., CHARLOTTETOWN $839,900 MLS®202119130 An Executive Custom Built Five Bedroom Brick Home on one of the most Prestigious Streets of “Brighton”. This Spacious Ranch style walk-out Bungalow/Back split features a large Dining Room, Ofﬁce, Lovely kitchen, large master suite and a private mature garden. Call Melanie at 902-213-5235

WATERFRONT ESTATE

4884 MURRAY HARBOUR ROAD, UIGG $799,000 MLS®202128840 Beautiful Newer Home featuring quality construction, Stunning Kitchen and Three Season Sunroom plus a lower level 1 bedroom apartment. There is also a separate 960 sq ft Garage/ Workshop, An outbuilding perfect for a home based business currently a successful Dog Kennel business and an original 2 storey barn all on 5 acres of land. Call Melanie at 902-213-5235

TEAM KELLY REDDIN 902.940.7502

EXECUTIVE HOME

85 RIVERBEND LANE, NORTH GRANVILLE $1,279,000 MLS®202126013 A Truly Magniﬁcent and Breathtaking Custom Built Waterfront Estate. The Stunning Home is nestled on a very private 1.9 acre Treed Lot, with 5 spacious Bedrooms and 4.5 Bathrooms on the water with your own private dock and a view that will Take Your Breath Away. Call Melanie Shaw 902-213-5235

We currently have Buyers looking for a bungalow in the Stratford area. Feel free to give us a call if you are thinking of selling. FLEXIBLE CLOSING.

2022-01-03 11:00 AM

PAGE 5

Cheryl Burns

902.314.4064 Put My Many Years of Toronto Real Estate Experience to Work For You

cheryl.burns@provincialrealty.ca

7 WESTWAY DRIVE, WEST ROYALTY • Location! Centrally located, close to parks, shopping and more • Spacious master bedroom with walk in closet and ensuite • Beautiful hardwood kitchen cabinets & hardwood ﬂoors • Sunroom, large deck, great front porch $439,900 MLS®202128393

1868 BLAKE COURT, CHARLOTTETOWN

Thamara Paparoni

• Distinguished curb appeal • Gorgeous gardens, private backyard

902.316.1623

• Four bedrooms • Spacious kitchen with marble countertop

Helping you with knowledge and excellent service.

• Very large and elegant master bedroom with high ceilings and en-suite

thamara.paparoni@provincialrealty.ca

Stacey O’Neill

$799,000 MLS®202127698

121 NORTH RIVER ROAD, CHARLOTTETOWN • Outstanding Estate in Brighton, Charlottetown

902.314.0994

• Prestigious Elmwood B&B • Massive Gourmet Kitchen • 8 Guestrooms/ 10 Bathrooms

Looking forward to helping you achieve your Real Estate Goals for 2022!

• Designed by William Critchlow Harris

stacey.oneill@provincialrealty.ca

$1,599,000 MLS®202123449

216 GREEN STREET, SUMMERSIDE

Clifford Lee

• Well maintained property • Newer roof and windows • Total ﬁnished area is approx. 2350 sq ft

902.394.0224

• Each level has a washroom

Serving Your Real Estate Needs

• Recently used as a clinic

clifford.lee@provincialrealty.ca

$289,000 MLS®202127136

www.provincialrealty.ca CHARLOTTETOWN. MONTAGUE.

THM PEI JAN 2022.005 Provincial Quarters.indd 1

2022-01-03 8:40 PM

PAGE 4

KellyLantz.com 902.314.4714 @KellyLantzRealtor @KellyLantz

Happy New Year! CENTURION PRODUCER

Inducted into the CENTURION Honour Society

132 KEPPOCH ROAD, STRATFORD $1,950,000 MLS®202121183 Absolutely stunning one of a kind oasis home in the heart of Stratford, on a private 3.14 acre treed lot, lovely traditional layout full of extras, 20 x 40 salt water pool, multi level decks, and so much more...

167 CREEK ROAD, MORELL $538,000 MLS®202126584 “The School House” was professionally renovated in 2017 into this beautiful year-round home, just minutes to world class golfing and an easy walk to white sand beaches

33 COTTONWOOD DRIVE, CHARLOTTETOWN $538,000 MLS®202126750 Terrific, centrally located, family home with lots of updates, on a spacious lot in the sought after West Royalty area features open concept kitchen, propane fireplace, private back yard.

7 MACPHAIL LANE, CORNWALL $299,000 MLS®202125611 Spacious century farmhouse located in Meadowbank, with great views of the West River, just a few minutes drive to Cornwall and all amenities.

THM PEI JAN 2022.004 Lantz.indd 1

2022-01-03 8:41 PM

PAGE 6

BELL REALTY PEI OFFICE 76 Kent Street Charlottetown

RING A BELL TO BUY OR SELL

bell@bellrealtypei.com

www.bellrealtypei.com

Office # 902-894-3948

HAPPY NEW YEAR!

If you have real estate dreams, make 2022 the year that they come true — Call the small company for BIG results!

61 MACDOR DRIVE, NEW DOMINION Waterfront home on a large private lot $499,000 MLS®202121528

202-1 HAVILAND STREET, CHARLOTTETOWN Paoli’s Wharf Waterview Condo – For Rent $2,800 MLS®202120300

58 QUEEN STREET, CHARLOTTETOWN Business for Sale – retail clothing boutique shop $115,000 MLS®202119970

305 NORTH QUEEN ELIZABETH DRIVE, CHARLOTTETOWN For Lease – 2 + 2 bedroom home, completely refurbished $2,200/Monthly MLS®202119277

ROUTE 2, FARMINGTON 4.4 acres of cleared land $39,000 MLS®

65 TAYLOR LANE, NINE MILE CREEK House and outbuildings on 16 acres of land $698,000 MLS®202023187

8339 CAVENDISH ROAD, CAVENDISH Refurbished 2 story home, 30+ acres of cleared land $998,000 MLS®201926597

EASTERN ROAD, RTE 6, GRAND TRACADIE A short walk to the white sandy beaches at Dalvay National Park $249,000 MLS®201812712

LOT 2013 – 1 PRIMROSE DRIVE, CORNWALL Building lot in upscale neighborhood $89,000 MLS®201624195

ACREAGE – ROUTE 17, GASPEREAUX 2 acres with water frontage on Graham Pond $35,000 MLS®7102060

Happy New Year! julie@impresspei.com

Julie Parker

Impress Island Realty

902.388.1678 www.JulieParkerRealEstate.com

jparkerrealestatepei

JulieParkerRealEstate

C ALL ME TODAY TO DISCUSS ALL YOUR REAL ESTATE NEEDS

LIS

1792 MELVILLE RD, KELLY’S CROSS Lovely country property on 0.7 acres, new roof and other updates waiting for its new owner MLS®202129901 $245,900

LOT RTE 11, MONT CARMEL Lovely 2.13 acre water view lot, Perc 2 tested MLS®202125933 $99,000

TESTIMONIAL

SOLD

948 WINSLOE RD

18 WINDFEST LANE

1242 POWNAL RD, ALEXANDRA

THM PEI JAN 2022.006 Bell - Parker.indd 1

#106, 55 GLEN STEWART DRIVE, STRATFORD Spacious 2 Bed, first floor condo in the heart of Stratford MLS®202128204 $269,900

Julie is a joy to work with! She is a professional who is willing to go above and beyond. We recently relocated to the Island from Ontario and were looking for an agent who was willing to do the legwork to help us find our perfect fit. From our first outreach to after closing, Julie has always been responsive and helpful. She is very knowledgeable about the areas of the Island, and helped hone in our search on the right area without pressuring us into any particular homes. If we were to sell or buy again, she would be our first call, and recommend her services to others. – The Englands (November 2021)

2022-01-03 8:38 PM

PAGE 7

Charlottetown

902.388.7031 greg@gregrivard.com gregrivard.com

HOLMES LANE HOMES

38 HOLMES LANE $449,000 MLS®202126973 Newly constructed modern home in a family friendly neighbourhood. Enjoy easy access to schools, shopping and only minutes from downtown.

54 HOLMES LANE $449,000 MLS®202129873 Newly constructed 3 bedroom, 2 bath modern home in a family friendly neighbourhood. Enjoy easy access to schools, shopping and only minutes from downtown.

56 HOLMES LANE $449,000 MLS®202129874 Newly constructed 3 bedroom, 2 bath modern home in a family friendly neighbourhood. Enjoy easy accesss to schools, shopping and only minutes from downtown.

THM PEI JAN 2022.007 Rivard.indd 1

6 CODY LANE $598,828 MLS®202129933 8 CODY LANE $559,208 MLS®202129934 10 CODY LANE $559,208 MLS®202129937 12 CODY LANE $559,208 MLS®202129935 14 CODY LANE $559,208 MLS®202129936 16 CODY LANE $582,980 MLS®202129938 New constructed modern two storey home with finished basement. 3 bedrooms, 2 full bath and 2 half bath, attached garage, deck, heat pumps and so much more. Located minutes from shopping, schools and easy access to the transit system.

689 STRANG ROAD $649,000 MLS®202128025 Stunning 3 bedroom, 2 ½ bath home sitting on 1.7 acres of waterfront property. Bonus room above the double car garage, huge laundry room, sunroom, open concept kitchen, living and dining room offers tons of natural light.

2022-01-03 8:29 PM

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PAGE 9

To Rent or To Buy; That is the Question!

PEI's 2021 Housing Market

EVERYWHERE YOU LOOK, there is talk of a housing crisis. This, combined with the fact that due to Covid 19, many Islanders have spent more time in their homes than usual over the past year or two, some might be wondering if it’s time to make a move into the world of home ownership. Owning your own home can be advantageous in several ways. Home owners have more stability and flexibility than tenants. There are also financial benefits to owning your own home. Believe owning So what factors should be considered before buying a home?

Home Purchase Motivations Home Purchase Motivations

Believe owning 50% Saved enough Believe owning Home Purchase Motivations a home is a wiser 50% Sa for a down payment 48% financial decision a home is a wiser at a glance Home Purchase Motivations fo 48% financial decision YEAR TO DATE (2021 as compared to 2020) Home Purchase Motivations First-time homebuyers S Wanted to buy a p 50% 49% Saved enough Became financially S First-time intenders 43% a home owning is a wiser home now before s Home Purchase Motivations Believe confident that I payment for a down 50% 49% Saved enough 48% 33% prices increased p Will Dunning, an independent and well-known economist specializing financial decision

a home is a wiser

could afford it

34%

Became financially I sp for a down payment 49% 43% further ho 50% Saved enough 48% 33% confident that I Spoke to apayment prIs for a down 34% could afford it 48% 33% professional who 50% 49% 13% fuI Wanted to buy a Wanted to own the showed that SALES ACTIVITY NEW LISTINGS Got a home new now before 16% 5% 43% 39% home so you are inD 48% 33% to buyita homebuyers First-time job/raise/bonus IWanted couldincreased afford 12% prices 43% 39% home now before 33% control of it Da 34% could afford it confident that Wanted to buy a intenders First-time • On average, the net cost of ownership in the firstI month is Became financially further Home Purchase Motivations prices increased Wa 43% 39% D 33% 34% afford it I advantage”. home now before less than renting. Dunning refers to could this as the “ownership confident that Got a new 16% further ho a Wanted to buy a prices increased Became financiallyThe report acknowledges the challenge of saving for it a home’s down 34% What 33% could afford job/raise/bonus Home Purchase Motivations Canadians thought about buying a home: 27% 43% 39% Disliked renting co 12% home now before further Spoke to a confident that I payment but finds that those who are able to save the required funds, 2411 total 3254 total 2.8 months Believe owning aprofessional home to own prices increased who Wanted the 27% 50% 49% 13% Saved enough 33% afford it will 34% experience a long-term financial advantage. home sales new listings of inventory could Good time 25% 33% Got a new a home is a wiser 47% 16% further showed that home so you are in for a down payment Wanted to good/bad own the 5% 48% Neither 28% 28% values are on the rise and interest rates are low. 33% These Believe owning job/raise/bonus financial decision• House Got a new 47% 16% Sa Icontrol couldso afford it in 50% ofyou it are 12% 52% home Bad time 37% 30% conditions maximize the advantage of owning compared to renting. a home is a wiser Wanted to own the about buying a hom job/raise/bonus fo What Canadians thought Got a new 16% 47% control it are in 48% 52% 12% financial home soofdecision you • The montly cost of home ownership is lower than the cost job/raise/bonus 2021 202 Wanted tobuy owna the 12% Gettingof married/ control it 52% Wanted to Got a newfinanciallyof renting. 16% 16% Became Canadians said the main reasonstime to choose a home is:25% 33 Good home so you are in 47% moving in together 43% 39% 27% Disliked renting home now before job/raise/bonus ownership requiresWhat a signifi cant investment at the time of confident that I • Home Canadians thought about buying a home: control of it Neither good/bad 28% 28 12% 13% 52% partner awith home prices increased Price 92% 97%56% ofWF Became financially 27% purchase (down payment and closing costs) but the advantages to 34% 33% could afford it 2021 2020 Whatfurther Canadians thought about buying a home: 43% Bad ho Safe neighbourhood 90% 92% 37% 30 confident that time I owning a home grow over the years. Your monthly mortgage payment 56% of Good time 25% 33% AVERAGE MEDIAN of FTHB 2021 2020 prF What thought about buying a home: Size/Space 89% 91% 34% could afford it is a form of “forced savings”. EachCanadians month your equity in the 56% ofth fuF HOME PRICE INDEX DAYS ON MARKET Neither good/bad 28% 28% Good 25% 33% of FTHB 2021 2020 home grows. As house values increase, your equity also time grows but about What Canadians thought about buying a home: Badfortime 37% 30% even if there is no significant increase in home values atime period of Neither good/bad 28% 28% Canadians said the46% main reasons to choose a hom 25% 33% of FTHB about th Wanted toGood own the 56% of FTI and Getting married/ 2021 2020 time, most home purchases would continue to generate a positive rate Got a new 16% 47% 16% Buyers Inten Bad time 37% 30% Neither good/bad 28% 28% home so you are in moving in together 82% of FTI are more likely than 69% of rece th of return on their investment. job/raise/bonus Good time 25% 33% of 37% FTHB arepartner optimistic13% about Price 92% 97 W control of itBad time52% 30% 12% with Got a new 16% Neither 28% So good/bad what are you waiting for?28% This might a great time reasons to take Canadians saidbethe main to choose a home is: ho Safe neighbourhood 90% 92 average home price 29 median days about the future job/raise/bonus the first steps. If you are37% a first time home buyer, you may qualify for co Bad time 30% Buyers Intenders 12% First-time homebuyers $342,049 on market 70%89% of FTI91 a Canadians said the main reasons to choose a home is: Size/Space

14.3%

15.6%

Believe owning in housing market research, was sponsored by Royal LePage to complete financial a home isdecision a wiser some research comparing the financial aspects of buying versus renting. Believe owning He looked at the cost of owning a financial decision home enough vs renting including the Saved MONTHS a home is a wiser Became financially initial costs. He also examined the benefi tsdown going forward of owning vs for a payment OF INVENTORYfinancial decision confident that I renting in the short term and over a 10Became year period.financially

1.0

2021

Buyers

20.9%

2020

Intenders

9.5

Data Source: CREA December 2021 Residential Market Activity Report (PEI)

up to $15,000 under the province of Prince Edward Island’s 5% Down intenders FTI & FTHB shift towards Price 92% 97%is: First-time Buyers Intenders of FTI a Canadians said reasons to choose a home recen 48 Payment Assistance Program. Don’t wait too long;the thismain pilot program homes that less *Environics Research on behalf of Sagen and in association with theare Canadian What Canadians thought about buying a home: Price Safe neighbourhood 90% 92% 92% 97% Buyers Intenders Association of Credit Counselling Services. First-time homebuyer study ends March 31st, 2022. The knowledgeable agents at Royal LePage a space to FTI work findings in collaboration with Royal LePage Canada. expensive and further of recen Canadians said the main reasons to choose a home is: Safe Size/Space 89% 91% neighbourhood 90% 92% Price 92% 97% Prince Edward Realty are 2021 ready to 2020 help you through every step of the to arecen work What Canadians thought aboutspace buying hom Prefe of from work Buyers Intenders Good home timebuying process. Home 25% 33% of FTI are than Ownership may beSize/Space closer than you think. 89% 91%more likely Safe neighbourhood 90% 92% 82% of FTI are more likely tha

56% of FTI and 46% 70% of FTHB are optimistic 89% 91% 64% of recent buyers to want about the future LePage Prince Edward Realty Good time

70% 64% 70% 64% 64%

202 space2021 to work THE PEI REAL ESTATE MARKET CONTINUES TO BE STRONG AND RESILIENT Price Neither good/bad 92% 28% 97% 28% Size/Space Don’t wait... Call an agent with Royal to find25% 33 Safe neighbourhood 90% Bad time 37% 92% 30% amid some economic/pandemic challenges across the country. The rise in space to work from home Neither 28% 28 out how they89% can help make Home Ownership a 69% reality for good/bad you in are 2022! ofrecent recent buyers 48% Size/Space 91% you82% of FTI are more likely than of buyers to value ene inter-provincial migration and the trickling of newcomers from outside of Bad time 37% 30 much more likely than 82% of FTI are more likely than 69% of recent buyers to value ene 902.628.6500 www.RoyalLepagePei.ca Canada will continue to put pressure on the supply side of housing. FTI & FTHB 38% of FTI to see their first shift tow Canadians said the main reasons to choose a home is: 82% of FTI are more likely than 69% buyers to value ene homeof asrecent a starter homethat homes are less Buyers Intenders 70% of FTI are more likely than 2021aFTHB Canadians said the main reasons2019 to choose hom Price 97%69% of recent buyers to value expensive and furth 82% of FTI are more 92% likely than energy efficient homes FTI & FTHB shift towards 64% of recent buyers to want Buyers Inten 2019 2021 FTHB Safe neighbourhood 90% 92% 48% from work 43% space to work from home FTI & FTHB shift towards homes that are less Price 92% 97 2019 2021 FTHB Size/Space 89% 91% 48% 43% 29% Safe neighbourhood 90% 92 FTI & FTHB shift towards homes thatand arefurther less expensive 29%89% 91 48% FTI 2019 2021 FTHB Prefer more43% expensive home homes thatand arefurther less 2021Size/Space expensive from work

Nobody knows Canadian Real Estate like Royal LePage! Call us today for all your real estate needs...

THM PEI JAN 2022.008 & 9 RLP PER.indd 1

FTI & FTHB shift towards

2022-01-03 10:45 PM

closer to work 29%

PAGE 8

PAGE 9

To Rent or To Buy; That is the Question!

PEI's 2021 Housing Market

Home Purchase Motivations Home Purchase Motivations

a home is a wiser

could afford it

34%

14.3%

15.6%

1.0

2021

Buyers

20.9%

2020

Intenders

9.5

Data Source: CREA December 2021 Residential Market Activity Report (PEI)

56% of FTI and 46% 70% of FTHB are optimistic 89% 91% 64% of recent buyers to want about the future LePage Prince Edward Realty Good time

70% 64% 70% 64% 64%

Nobody knows Canadian Real Estate like Royal LePage! Call us today for all your real estate needs...

THM PEI JAN 2022.008 & 9 RLP PER.indd 1

FTI & FTHB shift towards

2022-01-03 10:45 PM

closer to work 29%

PAGE 10

PAGE 11

Patty Campbell, the Powerhouse herself, is the company owner and broker of Powerhouse Realty PEI Inc. Patty is a devoted, loving mother to four children who have been by her side since she began real estate back in 2010, and have since developed creative interests in the business; her oldest daughter in the field of architecture, and her second oldest as Powerhouse Realty’s office manager and administrator. Patty has a passion for helping others and encouraging individuals’ growth. Her dedication to both her family and her team has been a key component to achieving her business and personal goals over the years. She is looking forward to the future ahead, as her love for her career in real estate on P.E.I. continues to grow, alongside her Powerhouse family.

ISLAND REAL ESTATE CHANGE IN 2022?

PATTY, WHAT CHANGES HAVE YOU SEEN IN THE RESIDENTIAL REAL ESTATE MARKET ON PEI OVER THE PAST FIVE YEARS?

PATTY CAMPBELL Owner & Broker

Actually, the number of residential listings that have come on the market each year has been fairly consistent over the past five years. The big change has been in the market value of these listings. Residential property values have increased by an average of 59% over the last 5 years. Of Course this increase varies based on the location of the home.

902.626.6622

PEI’S RESIDENTIAL PROPERTY SALES MARKET INCREASES OVER THE LAST 5 YEARS:

THE POWERHOUSE PEI TEAM is composed of 14 real estate professionals with almost 35 years of collective experience to serve and protect their clients. This group of motivated REALTORS® strongly believe in continuous education and learning. They show commitment to their clients through attending weekly training sessions, plus weekly one-on-one coaching sessions. Their one-on-one coaching focuses on individual skills in a variety of areas, including current real estate trends, marketing, accounting, negotiating, understanding personality types, business planning, and how to write a GREAT offer that will better position their buyer clients. The team also invests in others by offering in-person co-op experiences to UPEI and high school students who may be interested in pursuing a career in business/real estate. PHR PEI’s office culture creates a welcoming and fun environment from the moment you walk in the door. Patty Campbell attributes her organization’s success and their long list of happy clients to the team’s dedication to education, desire for excellence and willingness to work hard to be the best of the best. Celebrating 3 Years in Business, this team has remained consistently within the top 10 out of 40 real estate brokerages on the island.

Experience the Powerhouse Realty PEI difference! PHR PEI: 17 Campbell Road, Winsloe New Office Open House - to be delayed until safe to do so 8 BAYSIDE DRIVE, STRATFORD

$1,225,000 MLS®202129106

Waterview Heritage Home - remodeled to perfection! This home is a work of art with historical significance and is possibly one of the finest homes overlooking the Hillborough River and the Capital City of Charlottetown. Built in 1843 by the Cahill family, the house was turned 180-degrees and substantially rebuilt in 1998 including new foundation, updated windows, plumbing and electrical. Featuring a sunroom with balcony, huge decks, sunny custom white kitchen – located in a mature neighbourhood, walking distance to schools, shops and restaurants.

THM PEI JAN 2022.010 & 11 Campbell.indd 1

Year

Sale #’s

DOM

List Price

Sold Price

Market % Increase from year previous

2016

1637

135

186,910

177,378

2017

2054

102

211,810

201,882

12%

2018

2007

216,124

207,728

2019

1861

243,338

234,222

11%

2020

2035

284,336

274,740

15%

2021

2322

340,946

334,668

18%

WHAT ABOUT LAND SALES?

We all hear about non residents who want to own a little piece of our Island paradise and the numbers support it. Land sales have increased by 35% from 2020 to 2021 and it appears that this trend is continuing. My advice to those interested in purchasing land, don’t wait too long. The average number of new land listings each year is approximately 1460 but there are more buyers than usual so be prepared to act when you find the right listing for you. MARKET COMPARISON SUMMARY — LAND

ON THE COVER

Year

Sale #’s

DOM

List Price

Sold Price

Market % Increase

2016

426

241

62,987

56,044

2017

510

293

71,991

64,675

13%

2018

594

293

63,958

57,945

-12%

2019

532

279

63,708

56,939

-2%

2020

734

241

65,320

60,874

6.5%

2021

1131

218

83,432

78,629

22.5%

WHAT ARE YOUR HOPES FOR 2022?

Well CMHC is forecasting another strong year for real estate sales on PEI with a gradual return to pre-COVID levels sometime in 2023. We are expecting the property values to continue to rise in 2022 which is great for sellers. Buyers may find that they will have to adjust their expectations as their preapproved amounts may not get them “as much house” as it would in years past. All things considered, I think the housing market will settle from the blazing hot market of 2021 but will remain strong. The 2022 year on PEI begins with 501 residential listings on the market. I’m excited to work with my existing clients and many new clients in 2022. It’s an exciting time to be involved in real estate, to play a role in making real estate dreams become reality.

2022-01-04 11:15 AM

PAGE 10

PAGE 11

ISLAND REAL ESTATE CHANGE IN 2022?

PATTY, WHAT CHANGES HAVE YOU SEEN IN THE RESIDENTIAL REAL ESTATE MARKET ON PEI OVER THE PAST FIVE YEARS?

PATTY CAMPBELL Owner & Broker

902.626.6622

PEI’S RESIDENTIAL PROPERTY SALES MARKET INCREASES OVER THE LAST 5 YEARS:

Experience the Powerhouse Realty PEI difference! PHR PEI: 17 Campbell Road, Winsloe New Office Open House - to be delayed until safe to do so 8 BAYSIDE DRIVE, STRATFORD

$1,225,000 MLS®202129106

THM PEI JAN 2022.010 & 11 Campbell.indd 1

Year

Sale #’s

DOM

List Price

Sold Price

Market % Increase from year previous

2016

1637

135

186,910

177,378

2017

2054

102

211,810

201,882

12%

2018

2007

216,124

207,728

2019

1861

243,338

234,222

11%

2020

2035

284,336

274,740

15%

2021

2322

340,946

334,668

18%

WHAT ABOUT LAND SALES?

ON THE COVER

Year

Sale #’s

DOM

List Price

Sold Price

Market % Increase

2016

426

241

62,987

56,044

2017

510

293

71,991

64,675

13%

2018

594

293

63,958

57,945

-12%

2019

532

279

63,708

56,939

-2%

2020

734

241

65,320

60,874

6.5%

2021

1131

218

83,432

78,629

22.5%

WHAT ARE YOUR HOPES FOR 2022?

2022-01-04 11:15 AM

PAGE 13

Jeff Newson REALTOR®

902.626.7250 HomesOnPEI.com 1592 WARREN GROVE RD, NORTH RIVER NOW RENTING 55+ TENANTS Available:

Contact Jeff Newson 902-626-7250

Rents starting at $1200 - $1900 depending on floor and bedrooms

0 CROSBY ROAD, BONSHAW Unique property in scenic Bonshaw - treed property, 6.99 acres, ideal for an estate-like setting, cottage/cabin business etc, 10 minutes to Charlottetown. MLS®202119893 $175,000 HomesOnPEI.com

35 LANTERN CRESCENT, CORNWALL Located in Sunrise Cove, Executive home with 3 spacious bedrooms, 3 baths, double garage, open concept kitchen, dining and living area, ICF foundation, high end materials and finishes - Bluefield family of Schools. MLS®202125947 $649,000 HomesOnPEI.com

110 HENNEBURY ROAD, RICE POINT A rare opportunity to own 43.57 acres and 2500 feet of prime oceanfront property on the Northumberland Strait. MLS®202014011 $1,500,000 HomesOnPEI.com

2021 WAS QUITE A YEAR FOR ME.

(11) 1 bedroom (14) 2 bedroom (4) 3 bedroom

30 & 34 GRAFTON STREET, CHARLOTTETOWN Development opportunity! Rare find in the heart of downtown Charlottetown. Property consists of 30 & 34 Grafton Street on 0.33 acre and zoned DN, R-3. Call today! MLS®202106667 $1,600,000 HomesOnPEI.com

22 SKYEWATER DRIVE, CORNWALL 5 bedroom, 5 baths, approx 4700 sq ft finished living space on all 3 levels with walkout basement, plus bonus room above garage. MLS®202127014 $979,900 HomesOnPEI.com

I earned the honour of being ranked the #1

AGENT for all

of PEI, Coldwell Banker Parker Realty, with my SOLD properties

totalling a staggering $26,500,000.00 in 2021.

I know I couldn’t achieve this level of success on my own. I’d like to thank my Brokerage CB Parker Realty for giving me the tools and support through this challenging year, as well, my admin staff, family, colleagues, clients past and present, and all my future clients in 2022...

PLEASE CONTACT ME ANYTIME IF YOU WOULD LIKE YOUR DREAMS TURNED INTO YOUR NEW ADDRESS!

Truly Blessed

Jeﬀ

Visit my website HomesOnPEI.com for these and many more MLS listings THM PEI JAN 2022.013 Newson.indd 1

2022-01-03 9:21 PM

PAGE 12

Not your average REALTOR®…

C H A R L OT T E TOW N

902.629.0201

•

P E I Re a l E s t a t e A g e n t . c o m

SOLD

193 MT EDWARD RD $550,000 4 bedroom, 4 bath home Large lot, 3 heat pumps Great Sherwood location

SOLD

29 HAWTHORNE AVE $410,000 4 bedroom, 2 bath home Great Charlottetown location Lovely family home

SOLD

54 ACRES & 45 LOTS O’KEEFE’S LAKE $499,900 Parcel for future development Large approved subdivision Waterfront & inland lots

SOLD

2 BRAEMORE DR $350,000 3 bedroom, 2 bath home Walkout basement, finished on 3 levels

THM PEI JAN 2022.012 Quinn.indd 1

Kevin Quinn SOLD

98 OAK DR $319,900 3 bedroom, 2 bath bungalow Great Sherwood location Detached garage

SOLD

4421 BALDWIN RD $369,000 3 bedroom, 2 bath log home 10.85 acres, beautiful treed lot Very private location

SOLD

27 PINE TREE LANE $385,000 4 bedroom, 2 bath split entry Finished on both levels Detached garage On behalf of myself, my wife Debbie and all my family, a heartfelt thank you to all my loyal customers who all helped make 2021 my most successful year in Real Estate. I could not have done it without your support. I realize you have lots of choices in the business and I am extremely proud you selected me to fill your real estate needs. We wish you a Happy New Year and wish your 2022 is full of joy and happiness.º

SOLD

17 THORNDALE DR $389,900 4 bedroom, 2 bath home Double attached garage Numerous updates

SOLD

14 SPRING DR $329,900 3 bedroom, 1 bath home Large lot detached garage

SOLD

63 PINE DR $384,900 4 bedroom, 2 bath rancher Detached double garage Great Sherwood location

SOLD

546 YORK POINT RD $440,000 4 bedroom, 2 bath home Amazing waterviews in 2 directions Detached garage

2022-01-03 8:36 PM

PAGE 14

What is your

PEI HOME worth in 2022? [I can provide an accurate assessment, confidentially & without obligation] Call or Text me:

DANNY MOASE

902.626.1600

2021

danny@dannymoase.com

dannymoase.com DannyMoaseRealtorPEIRealEstate

Put our knowledge to work for you! PROMO • MAILING • LABELS WIDE FORMAT • AND MORE! 91 Euston Street Charlottetown, PE C1A 1W3 902-892-0156 | info@dalmac.ca www.dalmac.ca

Jason Pitre

Connoisseur of Coconut Cream Pies, Marketing Guru & Owner of That HOME Magazine + Pin Point Agent Press AD INQUIRIES...

902.393.8880

ThatHomeMagazine@gmail.com THM PEI JAN 2022.014 Moase - KKP Pub.indd 1

2022-01-03 7:46 PM

PAGE 15

O NEW W N ER O NEW W N ER O NEW W N ER PE SA N LE D IN G

O NEW W N ER O NEW W N ER O NEW W N ER

PE SA N LE D IN G

O NE W W N ER

O NEW W N ER

PE SA N LE D IN G

O NEW W N ER

Here are just a few of the homes that Impress Island Realty helped find new owners for in 2021. Thank you to all of our clients for their continued support and as we start a new year, we want to wish everyone a safe, healthy, happy and prosperous 2022. Looking to buy or sell in 2022? Call me today on 902 394 7071

"Melanie was patient and knowledgable and always provided truthful opinions on each property we viewed. She always had our best interests at heart. We could not have asked for a better realtor to help us find our first home. We higly recommend her as an agent!" - Jennifer Klaus

THM PEI JAN 2022.015 Press agency.indd 1

2022-01-03 8:35 PM

List with Michael Poczynek and receive a FREE HOME INSPECTION valued up to $750! — for a limited time.*

Get a Faster Sale, Fewer Conditions, Better Sale Price, no post-Home Inspection negotiating and provide Buyer Comfort.

youtube.com/michaelpoczynek

3 3 0 5 8 5 9 VIEWS

0 0 0 4 0 3 0 SUBSCRIBERS

PEI Real Estate tips, tricks, traps and new listings before they hit MLS®.

0 0 0 1 0 9 4 VIDEOS *As of December 30, 2021

Qualified buyers for homes in Charlottetown, Stratford and Cornwall. Also, long list of Condo, Waterfront & High-End Buyers. *some conditions apply. NEW LISTING

Park Corner $149,900 MLS®202117128

32 Driftwood Drive, Launching $395,000 MLS®202127078

Monticello $112,500 MLS®202122904

Foxley River $199,900 MLS®202105020

NEW LISTING

COMMERCIAL POTENTIAL. 2 VIDEOS.

SOLD

USING VIDEO! 522 Capital Drive, Cornwall $879,000 MLS®202122153

294 Bruce Point Road, Launching $599,900 MLS®202124900

25 Elizabeth Drive, Alberton $450,000 MLS®202024961

15 Eagle Drive, Cornwall $639,900 MLS®202127989

NEW LISTING

2093 Middleton Rd., Middleton $1,250,000 MLS®202018986

124 MacLauchlan Highlands, Stanhope $819,000 MLS®202127607

152 Heritage River Rd, Mermaid $1,250,000 MLS®202123274

NEW LISTING

UNDER

CONTRACT Northside Road, North Lake $199,900 MLS®202017524

35 Tuckers Way, Stratford $1,149,000 MLS®202127961

NEW LISTING

46 Water Street, Georgetown $199,900 MLS®202003497

250 Old Post Road, Crapaud $585,000 MLS®202125628

Meadowbank $99,900 MLS®202116651

NEW LISTING

56 Shipwreck Lane, Monticello $795,000 MLS®202127107

• 2020 #1 Producer by Production in Prince Edward Island* • 2020 #20 Producer by Units in Canada* • 2020 DOUBLE CENTURION® Producer* • 2020 Top 1% in C21 Canada* * Century 21 Canada

THM PEI JAN 2022.016 Poczynek.indd 1

141 Point View Lane, Earnscliff $1,399,900 MLS®201817270

PHASE II NOW OPEN!!!

Sunbury Cove Estates sunburycove.com Lots starting at $149,900.

902.626.6912 michael@michaelshomes.com michaelshomes.com

2021-12-30 8:52 PM