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Cost of Living

Real Estate in PEI The cost of living in PEI is low and the average family can afford a comfortable life. PEI has the Island Regulatory and Appeals Commission responsible for regulating the price of rent, gasoline, utilities, and insurance rates to ensure fair pricing.

Housing costs and costs of real estate in PEI are among the lowest in Canada and, as a result, Prince Edward Island has one of the highest home ownership rates in the country.

Source: Prince Edward Island Annual Statistical Review

Newcomers Guide from PEI Association for Newcomers to Canada provides information living in Prince Edward Island.
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