Charlottetown
Prince Edward Island
Statistics Canada geography code 1102075 · census subdivision
MARKET SCORE
Model CS-MI-1.0 · calculated 2026-09-30
Market snapshot
Unemployment rate
Data unavailable
The Labour Force Survey publishes annual unemployment rates for 37 census metropolitan areas. This market is not among them, so no local rate is available from this source.
Confidence: low
Average rent
$1,300
CMHC reports this figure for the census metropolitan area, which is wider than the city this market is defined by. Population here is city-level; rent and vacancy are metro-level. CMHC reliability code "a".
Source: Canada Mortgage and Housing Corporation
Confidence: high
Rental vacancy rate
1.6%
CMHC reports this figure for the census metropolitan area, which is wider than the city this market is defined by. Population here is city-level; rent and vacancy are metro-level. CMHC reliability code "c".
Source: Canada Mortgage and Housing Corporation
Confidence: medium
Population trend
+24.3% 2013–2022 · CalculatedSource: Table 17-10-0142-01 — Population estimates, July 1, by census subdivision (vector 1138979483) · published 2023-01-11
What drives this market?
These weightings are an interpretation of the local economy, not a measurement. They are shown to explain what appears to support rental demand here — treat them differently from the sourced statistics above.
- Government28% of local drivers
Provincial capital of the smallest province, where a full provincial administration serves a population under 180,000 — so public-sector employment carries more weight than in any larger market.
- Tourism20% of local drivers
Prince Edward Island's visitor economy concentrates arrivals, cruise traffic and festival activity in Charlottetown, producing a sharp summer employment peak.
- Health Care16% of local drivers
The Queen Elizabeth Hospital is the province’s principal acute care facility.
- Education14% of local drivers
The University of Prince Edward Island and Holland College.
- Manufacturing10% of local drivers
A bioscience cluster and food processing tied to the island’s agriculture and fishery.
- Construction8% of local drivers
Residential construction responding to recent population growth well above the national rate.
- Local Services4% of local drivers
Retail and personal services for the island’s only urban centre.
Rental market
Average rent
$1,300
CMHC reports this figure for the census metropolitan area, which is wider than the city this market is defined by. Population here is city-level; rent and vacancy are metro-level. CMHC reliability code "a".
Vacancy rate
1.6%
CMHC reports this figure for the census metropolitan area, which is wider than the city this market is defined by. Population here is city-level; rent and vacancy are metro-level. CMHC reliability code "c".
All data for this market
| Metric | Period | Value | Type | Confidence | Source |
|---|---|---|---|---|---|
| average rent | — | $1,300 | observed | high | Canada Mortgage and Housing Corporation |
| population | 2022 | 44,310 | observed | high | Statistics Canada |
| population | 2021 | 42,881 | observed | high | Statistics Canada |
| population | 2020 | 42,246 | observed | high | Statistics Canada |
| population | 2019 | 40,938 | observed | high | Statistics Canada |
| population | 2018 | 39,530 | observed | high | Statistics Canada |
| population | 2017 | 38,527 | observed | high | Statistics Canada |
| population | 2016 | 37,237 | observed | high | Statistics Canada |
| population | 2015 | 36,200 | observed | high | Statistics Canada |
| population | 2014 | 35,846 | observed | high | Statistics Canada |
| population | 2013 | 35,646 | observed | high | Statistics Canada |
| rent change pct | — | 4.7% | observed | low | Canada Mortgage and Housing Corporation |
| unemployment rate | — | Data unavailable | observed | low | — |
| vacancy rate | — | 1.6% | observed | medium | Canada Mortgage and Housing Corporation |
Rows showing Data unavailable are recorded deliberately, with the reason, rather than omitted — so you can tell the difference between a figure that is zero and one we simply do not have.