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5 Tips for First-Time Home Buyers in Prince Edward Island

Lately I’ve heard how overwhelming the home-buying process can be as a first-time homebuyer. Sure-it’s a huge milestone, and there’s a long list of things to consider-but it doesn’t have to be stressful. With the right guidance (hi!) and a trusted team on your side, buying a home should feel empowering!

Whether you’re looking in Charlottetown, Stratford, Cornwall, or one of PEI’s beautiful scenic coastal communities, purchasing a home is one of life’s most exciting chapters. As a local PEI Realtor, here are five essential tips to help first-time buyers navigate the Island’s real estate market with confidence this year.

1. Get Pre Approved & Budget

Before you start house hunting, get pre-approved for a mortgage to understand your price range. But more than this, just because you are pre approved for a specific amount doesn’t mean you should buy a house at that price. Consider your monthly budget and be sure to factor in closing costs, property taxes, utilities, insurance, and maintenance. A clear, realistic budget ensures you find a home that fits comfortably into your lifestyle and financial goals.

2. Use First-Time Buyer Programs

Take advantage of Prince Edward Island’s first-time home buyer incentives, such as the Down Payment Assistance Program, Closing Cost Support Program, and Land Transfer Tax exemption. These programs can make a big difference when it comes to affordability—check your eligibility and apply early, as funds can be limited.

3. Pick the Right Location & Home

From downtown life in Charlottetown to the charm of rural PEI, your ideal home depends on what matters most to you. Consider commute times, nearby amenities, and long-term plans. While new construction homes offer low maintenance, older homes may provide extra character or value—just be mindful of potential updates or repairs.

4. Understand the Market & Make Smart Offers

The PEI housing market continues to evolve, so having a local REALTOR on your side is key. They can help you understand current market trends, fair pricing, and strategies. Always include important conditions like inspection and financing conditions to avoid surprises. Patience and preparation go a long way toward securing the right home.

5. Plan for Maintenance & Hidden Costs

Homeownership doesn’t stop once you get the keys. Set aside funds for ongoing repairs, upgrades, and seasonal maintenance. A little planning helps protect your investment and keeps your home in great shape for years to come.

Ready to Buy Your First Home on PEI?

If you’re feeling overwhelmed or just want to chat, I’m here to help. 

Reach out today for our free PEI Home Buyers Guide - your step-by-step resource to buying with confidence across PEI.

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New property listed in Charlottetown

I have listed a new property at 158 Stanmol Drive in Charlottetown. See details here

Located in the sought after Hidden Valley subdivision, this modern new build boasts 3 bedrooms, 2 bathrooms of modern living space over 1500 square feet with 9 ft. ceilings and a double car garage and epoxy flooring. The floor plan is thoughtfully designed and features an open concept kitchen, dinning area and living room complete with fireplace. Enjoy a spacious master bedroom with ensuite bathroom and large walk in closet. Additional bedrooms also each offer a generous size closet and are situated on opposite sides of the home for added privacy. Sitting just minutes away from shopping, restaurants and all of the amenities that Charlottetown has to offer. You can also enjoy peace of mind with an 8-year new home warranty. HST is included in the purchase price and the purchaser is to sign back the HST rebate to the Vendor. All measurements are approximate and should be verified by the purchaser if deemed necessary. (id:2493)

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New property listed in Charlottetown

I have listed a new property at 128 Stanmol Drive in Charlottetown. See details here

Welcome to 128 Stanmol Drive, located in the sought after Hidden Valley subdivision. This modern new build boasts 3 bedrooms, 2bathrooms of modern living space over 1500 square feet with 9 ft. ceilings. The floor plan is thoughtfully designed and features an open concept kitchen, living room and dinning area complete with fireplace, perfect for entertaining or cozy evenings in. Enjoy 3 spacious bedrooms with master ensuite bathroom and large walk in closet. The home also features a double car garage. Sitting just minutes away from shopping, restaurants and all of the amenities that Charlottetown has to offer, this stunning new build is ready for its first chapter! Enjoy peace of mind with an 8-year new home warranty. HST is included in the purchase price and the Purchaser is to sign back the HST rebate to the Vendor. All measurements are approximate and should be verified by the purchaser if deemed necessary. (id:2493)

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New property listed in Charlottetown

I have listed a new property at 152 Stanmol Drive in Charlottetown. See details here

Welcome to 152 Stanmol Drive, located in the sought after Hidden Valley subdivision. This modern new build boasts 3 bedrooms, 2 bathrooms of modern living space over 1500 square feet with 9 ft. ceilings and a double car garage featuring epoxy flooring. The floorplan is thoughtfully designed and features an open concept kitchen, living/dinning area and fireplace-perfect for hosting or relaxing. 3 spacious bedrooms each offer a generous size walk-in closet with the master bedroom being situated on the opposite side of the home for added privacy. Sitting just minutes away from shopping, restaurants and all of the amenities that Charlottetown has to offer, enjoy peace of mind with an 8-year new home warranty. HST is included in the purchase price and the Purchaser is to sign back the HST rebate to the Vendor. All measurements are approximate and should be verified by the purchaser if deemed necessary. (id:2493)

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The Best Home Updates to Increase Your Property Value in Prince Edward Island in 2025

One of the most common questions I get as PEI REALTOR®, is around updates that have the biggest return on investment (ROI). If you’re planning to sell your home on Prince Edward Island, a few smart upgrades can make a big impact on your resale value. Whether you’re in Charlottetown, Stratford, Cornwall, or anywhere across the Island, these updates can help your home stand out and sell faster!

1. Refresh the Kitchen
A modern kitchen is one of the biggest selling features. Update countertops, add a modern backsplash, or install energy-efficient appliances to create a clean and functional space.

2. Update Bathrooms
Swap outdated fixtures and an updated vanity for a fresh and modern design. A simple refresh with new lighting or mirrors can make your bathroom feel brand new.

3. Boost Curb Appeal
First impressions are EVERYTHING. Fresh exterior paint, tidy landscaping, and a welcoming front entry can INSTANTLY elevate your home’s look.

4. Add Energy Efficiency
With Island winters in mind, energy-efficient upgrades like new windows, insulation, and smart thermostats & doors appeal to buyers.

5. Paint & Flooring Updates
Neutral paint colours and new flooring make your home feel bright, fresh, and move-in ready — a big plus in today’s market. Ask me for my tried & true recommended paint colours!

Pro tip: Focus on updates that add value without over-improving for your neighborhood—you want your home to stand out, not out-price the area. 

Even modest upgrades can add major value when it’s time to sell so focus on projects that improve comfort, efficiency, and overall appeal — and you’ll make a lasting impression in the Prince Edward Island real estate market.

Selling soon? I can help you with an impactful game plan, reach out anytime!

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Open House. Open House on Sunday, November 2, 2025 12:00PM - 2:00PM

Please visit our Open House at 152 Stanmol Drive in Charlottetown. See details here

Open House on Sunday, November 2, 2025 12:00PM - 2:00PM

Welcome to 152 Stanmol Drive, located in the sought after Hidden Valley subdivision. This modern new build boasts 3 bedrooms, 2 bathrooms of modern living space over 1500 square feet with 9 ft. ceilings and a double car garage featuring epoxy flooring. The floor plan is thoughtfully designed and features an open concept kitchen, living/dinning area and fireplace-perfect for hosting or relaxing. 3 spacious bedrooms each offer a generous size walk-in closet with the master bedroom being situated on the opposite side of the home for added privacy. Sitting just minutes away from shopping, restaurants and all of the amenities that Charlottetown has to offer, enjoy peace of mind with an 8-year new home warranty. HST is included in the purchase price and the Purchaser is to sign back the HST rebate to the Vendor. All measurements are approximate and should be verified by the purchaser if deemed necessary. (id:2493)

Read

Open House. Open House on Sunday, November 2, 2025 12:00PM - 2:00PM

Please visit our Open House at 128 Stanmol Drive in Charlottetown. See details here

Open House on Sunday, November 2, 2025 12:00PM - 2:00PM

Welcome to 128 Stanmol Drive, located in the sought after Hidden Valley subdivision. This modern new build boasts 3 bedrooms, 2 bathrooms of modern living space over 1500 square feet with 9 ft. ceilings. The floor plan is thoughtfully designed and features an open concept kitchen, living room and dinning area complete with fireplace, perfect for entertaining or cozy evenings in. Enjoy 3 spacious bedrooms with master ensuite bathroom and large walk in closet. The home also features a double car garage. Sitting just minutes away from shopping, restaurants and all of the amenities that Charlottetown has to offer, this stunning new build is ready for its first chapter! Enjoy peace of mind with an 8-year new home warranty. HST is included in the purchase price and the Purchaser is to sign back the HST rebate to the Vendor. All measurements are approximate and should be verified by the purchaser if deemed necessary. (id:2493)

Read

Open House. Open House on Sunday, November 2, 2025 12:00PM - 2:00PM

Please visit our Open House at 158 Stanmol Drive in Charlottetown. See details here

Open House on Sunday, November 2, 2025 12:00PM - 2:00PM

Located in the sought after Hidden Valley subdivision, this modern new build boasts 3 bedrooms, 2 bathrooms of modern living space over 1500 square feet with 9 ft. ceilings and a double car garage and epoxy flooring. The floor plan is thoughtfully designed and features an open concept kitchen, dinning area and living room complete with fireplace. Enjoy a spacious master bedroom with ensuite bathroom and large walk in closet. Additional bedrooms also each offer a generous size closet and are situated on opposite sides of the home for added privacy. Sitting just minutes away from shopping, restaurants and all of the amenities that Charlottetown has to offer. You can also enjoy peace of mind with an 8-year new home warranty. HST is included in the purchase price and the purchaser is to sign back the HST rebate to the Vendor. All measurements are approximate and should be verified by the purchaser if deemed necessary. (id:2493)

Read

Open House. Open House on Saturday, November 1, 2025 12:00PM - 2:00PM

Please visit our Open House at 33 Dunkirk Street in Charlottetown. See details here

Open House on Saturday, November 1, 2025 12:00PM - 2:00PM

Welcome to 33 Dunkirk Drive, an updated rancher in the heart of Charlottetown. This well maintained home sits on a generous lot and offers excellent curb appeal along with a practical and comfortable layout. Inside, you'll find a bright eat-in kitchen that opens through patio doors onto a large deck and backyard-perfect for children or entertaining. The attached living room creates a warm an inviting gathering space with beaming natural light. The main floor also includes three bedrooms and a full bathroom. The garage features ample storage space and 1.5 car capacity. The basement is unfinished, providing plenty of room for additional storage or future development with new washer and dryer. Recent updates include new flooring, new roof, new bathroom, new lighting, new appliances, new heat pump and recently updated decks. Located in a desirable neighbourhood close to schools, shopping, and all city amenities, this home offers comfort, convenience, and space for the whole family. All measurements are approximate and should be verified by purchaser. (id:2493)

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New property listed in Charlottetown

I have listed a new property at 33 Dunkirk Street in Charlottetown. See details here

Welcome to 33 Dunkirk Drive, an updated rancher in the heart of Charlottetown. This well maintained home sits on a generous lot and offers excellent curb appeal along with a practical and comfortable layout. Inside, you'll find a bright eat-in kitchen that opens through patio doors onto a large deck and backyard-perfect for children or entertaining. The attached living room creates a warm an inviting gathering space with beaming natural light. The main floor also includes three bedrooms and a full bathroom. The garage features ample storage space and 1.5 car capacity. The basement is unfinished, providing plenty of room for additional storage or future development with new washer and dryer. Recent updates include new flooring, new roof, new bathroom, new lighting, new appliances, new heat pump and recently updated decks. Located in a desirable neighbourhood close to schools, shopping, and all city amenities, this home offers comfort, convenience, and space for the whole family. All measurements are approximate and should be verified by purchaser. (id:2493)

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New property listed in Charlottetown

I have listed a new property at 172 Stanmol Drive in Charlottetown. See details here

Sitting on a .26 acre lot in Charlottetown, Prince Edward Island this 3 bedroom, 2 bathroom, custom built home checks all the boxes! The open concept kitchen, dining and living area offers great natural light and opens onto the back deck for entertaining. The custom white kitchen with tile backsplash and stone countertops is fit for a chef and perfect for dinner parties. The primary suite is located off the living room with a walk in closet and it's own full bathroom with tile shower. Down the hall towards the front door are two more great size bedrooms and a full bathroom next to the garage access. Built in 2025 this stunning one level property has everything you need, reach out today for more information or to schedule your viewing. (id:2493)

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New property listed in Launching

I have listed a new property at Lot 22 Long Wharf Road in Launching. See details here

Build your dream home on these year-round 0.71-acre lots in Launching, Prince Edward Island! Welcome to the eastern end of the Island, an area celebrated for its stunning shorelines, breathtaking sunsets, clam digging. These lots are within walking distance of PEI?s famous sandy beaches, offering the perfect setting for your build. The area features a network of walking and mountain biking trails and is home to several well-known restaurants including Clamdiggers and Wheelhouse. For convenience, the full-service town of Montague is just a 10-minute drive away, while golf enthusiasts will love being only 10 minutes from the renowned Brudenell and Dundarave golf courses. The historic capital city of Charlottetown is also within easy reach, just 45 minutes away. Enjoy access to amenities while embracing Island lifestyle in Launching, Prince Edward Island! Additional lots available. Please inquire for details. (id:2493)

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