Buying on Prince Edward Island comes with a few costs beyond the down payment. Here is a clear estimate of what you'll need to close, PEI's 1% property transfer tax included.
PEI's Real Property Transfer Tax is 1% of the greater of price or assessed value. Eligible first-time buyers can be exempt; we estimate that here but final eligibility is set by the province.
Illustration only. Legal fees, title insurance, and adjustments vary by transaction; CMHC mortgage insurance (added when your down payment is under 20%) is included in your mortgage, not paid at closing. Ask us or your lawyer for exact figures.
Get exact numbers →The figures shown here are estimates for general guidance only, based on the details you enter and current market data. They are not financial, legal, tax, or appraisal advice, and your actual numbers will vary. Please confirm anything important with a qualified professional, your lender, lawyer, or accountant, before making a decision. We are glad to help you understand what it means for you.
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