Rental Property Investor · Calgary, AB · Member since 2019 · 9 posts · 4 votes
Looking to connect with other Prince Edward Island investors.
The PEI market has been very interesting over the past few years. The average home price has increased 35+% over the past 5 years, supply has dropped significantly over the past few years as demand has grown. Rent controls, foreign investment, Airbnb; there are a lot of hot topics to discuss in this market.
I am hoping to network with other investors in this market, and am actively looking for deals and opportunities in the Charlottetown/Stratford/Cornwall areas. Looking for SFH, multifamily, and commercial properties.
Rental Property Investor · Charlottetown, Prince Edward Island · Member since 2017 · 25 posts · 8 votes
7y
Hey everyone,
Glad to see a PEI thread has started. I am from Charlottetown and bought my first duplex in 2013. I had a total of 3 duplexes plus my house at one point and then decided to sell two of my duplexes to raise some cash. I am reinvesting those proceeds into my next project which is a 6 unit seniors townhouse in Cornwall. We should be breaking ground any week now.
I am also working on getting a PEI real estate networking group going. I was thinking we could meet once a month or once a quarter and it could be a good way to meet lenders, investors, brokers, realtors, partners etc. At the very least it's a good excuse to get out for a drink/coffee and learn from everyone else's experience. If anyone here is interested, please let me know!
I am Gurpreet Bajwa. I am very much interested to explore PEI to be potential home owner and also as an investor. I will appreciate if you can provide some details in Charlottetown, Stratford and Cornwall 1. How is the job market in PEI specifically for IT professional
2. How is public transportation and commute time with in city
3. How is the real estate market in 2021 (Economic development Vs home market forecast/trends)
4. Current sales and pricing conditions
5. Employment growth
I am from Toronto. I am planing to move with my family. I just wanted to make sure that I am not making impulse decision.
Investor · Waterloo, Ontario · Member since 2020 · 10 posts · 2 votes
4y
Hello All,
I live in Ontario, and invest in multifamily in New Brunswick and Alberta. I am interested in exploring PEI for recreational properties for short term rentals, and our own use.
I would love to hear from anyone with experience in PEI with airbnb, or if anyone can recommend an investor-oriented real estate agent.
Happy to share my experiences in NB and AB as well!
Rental Property Investor · Grimsby, Ontario · Member since 2017 · 7 posts · 0 votes
4y
Hi Daniel,
I live in Ontario as well (Grimsby) and invest in PEI. We are looking to retire there in 8 years. Our strategy has been multi-family builds (basement conversions) and haven't tried AirBnB.
I have had great success with Jim Carragher as a RE Agent. Worked with him the past 4 years. Jim works with a variety of REI. https://www.exitrealtypei.com/... If you reach out to him, please let him know that I referred you to him.
I live in Ontario as well (Grimsby) and invest in PEI. We are looking to retire there in 8 years. Our strategy has been multi-family builds (basement conversions) and haven't tried AirBnB.
I have had great success with Jim Carragher as a RE Agent. Worked with him the past 4 years. Jim works with a variety of REI. https://www.exitrealtypei.com/... If you reach out to him, please let him know that I referred you to him.
@James Marjerrison anyone have any update on the Facebook group for pei? The link provided doesnt seem.to work
Hi Luke, looking at the Group, it has been archived. Not sure why the admin did that.
"This group has been archived. An admin paused this group on February 26, 2022. You can't create posts, like, comment or add more members, but you can still view all posts."
Rental Property Investor · Grimsby, Ontario · Member since 2017 · 7 posts · 0 votes
4y
I am in Charlottetown the week of June 20-24 if anyone is interested in getting together to discuss REI. Would like to learn what strategies you are following, what hurdles you're facing and share my experiences.
Rental Property Investor · Charlottetown, PEI · Member since 2021 · 26 posts · 4 votes
3y
Hi All,
I'm a fellow investor and realtor in PEI. I didn't see any active Facebook groups, so I started my own and thought some of you might be interested in joining. We've got quite a few members and more joining. We are also planning a get together for Sept 28th, 2023.