The Big Atlantic Canada Statistics Thread

[Siriusb]

PEI housing market bucks trend of Atlantic Canada

The Guardian

Prince Edward Island is experiencing a housing boom as a result of leading the region (and the country overall last year) in population growth. There are now more housing units being built on the Island than Newfoundland and Labrador, a province with more than three times the population but in a population in decline. The P.E.I. economy has outperformed the rest of Atlantic Canada over the last decade or so, largely due to steadily increasing population growth. There can be no economic prosperity without population growth.

Despite the spectacular growth in population, particularly over the past four years (+10.5 per cent), that increase has been uneven across P.E.I.

Charlottetown (up 8.3%), and the nearby bedroom communities of Stratford (up 13.5%) and Cornwall (up 6.5%), have been the major beneficiaries. As a result, the population of Queen’s County is growing (now represents 54 per cent of the population), while King’s County and Prince County populations both declined in the most recent census.