Buying a Home: PE
Buying a Home in Prince Edward Island
Province-specific costs, taxes, and the step-by-step process for Prince Edward Island home buyers.
Prince Edward Island home buyer's checklist
$0
Built for your province
- ✓Province-specific closing cost breakdown
- ✓Prince Edward Island land transfer tax guide
- ✓Step-by-step buying checklist
- ✓What to watch out for in Prince Edward Island
Free. General information only, not legal or regulatory advice.
No account needed
Home Buyer Package
$14
Closing costs · land transfer tax · buyer checklist
Answer plain-language questions: we fill everything in and check each detail as you go.
- ✓Everything in free
- ✓Offer checklist
- ✓Closing cost worksheet
- ✓Land transfer tax guide
- ✓Step-by-step buyer guide
Helps avoid unexpected costs or missed buyer steps
Get it: $14
30-day money-back guarantee · No account needed
Instant download
Built by Nathan, nine years in the Canadian Army, paperwork done the hard way first.
Land Transfer Tax / Fees
PEI Real Property Transfer Tax: 1% of the greater of purchase price or assessed value, the same rate for residents and non-residents (PEI has no flat non-resident transfer-tax surcharge). Separately, non-residents face acreage limits under the Lands Protection Act (cabinet approval is required to acquire more than 5 acres or property with more than 165 ft of shore frontage) and pay a higher annual provincial property tax.
First-Time Buyer Rebate
First-time buyers may be exempt from the 1% transfer tax if household income is under $100,000 and the purchase price is below the program cap (approximately $200,000). Confirm current thresholds with your lawyer.
Closing Costs to Budget For
- Real Property Transfer Tax (1%)
- Legal fees (ask for a quote)
- Title insurance (varies by property value)
- Home inspection (varies by property size and age)
- HST on new builds
Professionals You'll Need
Lawyer / Notary
A lawyer completes the title transfer. No law society publishes a set fee tariff, so fees vary by firm and by the complexity of the transaction; ask for a quote up front.
Title Insurance
Recommended. Premiums are a one-time cost that varies with the property value and the insurer; ask your lawyer or notary for a quote.
Home Inspector
Recommended. Costs vary with the size, age and location of the property; ask the inspector for a quote.
Where Title Is Registered in Prince Edward Island
Your lawyer registers the transfer/deed with the Registrar of Deeds (PEI Dept of Finance). PEI uses a deeds-based system: title transfers by deed, not by a guaranteed land titles certificate.
Registrar of Deeds (PEI Dept of Finance) →Step-by-Step Process
- 1Pre-approval
- 2Offer conditional on financing and inspection
- 3Lawyer completes title search
- 4Close
Watch Out For
Non-resident restrictions: federal and provincial rules limit agricultural land purchases by non-Canadians
Well and septic systems are common; have both tested