How Much Home Can You Afford in Charlottetown?

Charlottetown offers small-island charm with a 1% real property transfer tax — and a full exemption for eligible first-time buyers.

Average price is a 2026 estimate for illustration · Last updated: May 2026

Your Finances
Enter your household income and down payment

Estimated Charlottetown property tax: $525/mo on the average home. Stress-tested at 6.49%.

What You Can Afford
In Charlottetown, PE

Maximum purchase price

$722,607
Maximum mortgage$622,607
Charlottetown average home$420,000
Payment on average home$1,777/mo
Land transfer tax (avg home)$4,200

Buying in Charlottetown: What to Know

1

1% transfer tax (first-time buyers exempt).

2

Growing Atlantic lifestyle market.

3

Tourism-driven seasonal demand.

Average Home Price
$420,000

2026 estimate

Property Tax Rate
1.50%

≈ $6,300/yr

Land Transfer Tax
$4,200

On the average home

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