Team Ellis - Royal LePage Prince Edward Realty

07/29/2026

🚨Open house this weekend🚨

56 Bilberry Lane, Savage Harbour
Saturday, August 1 & Sunday, August 2 · 2–4pm

3 bedrooms, 3 bathrooms, year-round home on 2.6 acres of waterfront land. Asking $749,000.

The tradeoff people usually wrestle with on PEI is space versus commute. This property sidesteps it — Morell is five minutes away for groceries and the everyday stuff, Charlottetown is twenty. You're not choosing between quiet and convenient - you're getting the best of both.

Come and check it out. I'll be there to answer any questions you have.

📍 56 Bilberry Ln, Canavoy
🗓 Sat Aug 1 & Sun Aug 2, 2–4pm
💬 Questions before you come? Message me or call 902-218-1353.

07/10/2026

The June 2026 numbers are out for PEI — and this month, where you're looking matters more than ever. 🏡

📊 Island-wide snapshot:

216 homes sold in June — down 8.9% from last year, but still above the 5-year average for the month
Benchmark price: $383,300 — up 1.4% year-over-year
New listings: 440
Active listings: 1,283
Months of inventory: 5.9 — up slightly from last June

Sales slowed a touch, prices stayed steady — a pretty normal-looking market overall.

📍 But look closer, and it's a tale of two markets:

Charlottetown: 4.7 months of inventory — down from 7.9 months a year ago.
Stratford: 8.3 months
Eastern PEI: 7.9 months
Western PEI: 7.3 months
North & South Shore: 7.0 months
Summerside: 3.9 months
Cornwall: 3.5 months

If you're set on the city, expect more competition than you would have seen this spring. If you're open to other communities, there's still real breathing room out there.

The takeaway: "the PEI market" isn't one thing right now. Where you're willing to look changes the whole conversation.

Questions about what this means for your search? Drop a comment or message me directly. 👇

Call or text 902-218-1353 to talk through where you stand.

07/10/2026

Price drop on one of the prettiest waterfront properties I've had the chance to show this year 🌊. Now listed at $749,000.

🏡 3+ bed, 3 bath renovated chalet-style home
🏝️ 2.6 private acres with 210 feet of sandy waterfront
☀️ Glass-fronted patio, skylights throughout, quartz kitchen

This is the kind of property where photos genuinely don't do it justice — the ocean view from that patio is something else. And at this new price, it's worth a second look if you passed on it earlier.

To book a showing or have questions? Send me a message or drop a comment ⬇️

06/13/2026

🏡 The headline number from May looks scary. Here's why it isn't.

176 homes sold on PEI in May — down 19.3% from last year, and the slowest May for sales in six years (the only slower May was 2020, during COVID). If that's the only number you saw, you'd think the market's in trouble. It's not.

Here's what's actually going on:
📊 6.6 months of inventory — officially "balanced" territory (4–6 months)

📊 Benchmark price: $383,200, still up 3% year-over-year

📊 Rates holding at 2.25% for the 5th meeting in a row

Translation: sales slowed down, but prices didn't drop and buyers finally have some breathing room. That's a very different story than "the market is crashing."

I broke down what all of this this actually in greater detail on my blog. Check out the link 👇

🔗 https://matthewellis.royallepage.ca/blog/79/PEI+Housing+Market+Update+-+May+2026

Questions about your specific situation? Send me a message, happy to walk

05/28/2026

🏡 OPEN HOUSE THIS SATURDAY! 🏡

Don't miss your chance to tour this stunning 3-bedroom, 3-bathroom home nestled on 2.6 acres of beautiful waterfront land at 56 Bilberry Ln!

Wake up every morning to breathtaking views of Savage Harbour and the ocean beyond — this is waterfront living at its finest.

📍 56 Bilberry Ln
📅 This Saturday
⏰ 1:00 PM – 3:00 PM
💰 Asking $799,000

No appointment needed — just stop by! Tag a friend or family member who's been dreaming of waterfront living. 🔑🌊

🔗 View the full listing: https://zsvc.paragon.ice.com/s/goto/FVN0gmFnQ8k

05/26/2026

There are some properties that just feel like PEI… and 56 Bilberry Lane in Canavoy is one of them.

Set on 2.6 private acres with waterfront views stretching from harbour to ocean, this home offers the kind of setting that’s hard to capture in photos alone. Vaulted ceilings, natural light, character, privacy, and the kind of view that makes morning coffee hit a little differently.

If you’ve been dreaming about PEI waterfront living — or simply want to see what makes this property so special — take a few minutes and watch the full video tour below.

🎥 Watch the full tour here:
https://youtu.be/8YmoGwFLzYM?si=axbGI5HEjq8X4PXV

Questions or curious about a private showing? Reach out anytime.

Join me on a property tour of this exquisite new listing, a 3+ bedr...

05/15/2026

184 homes sold on PEI in April. Benchmark price up 4% from last year. Inventory at 5.7 months — the most balanced this market has been in five years.

If you've been waiting on the sidelines for the picture to clarify before buying — this is about as clear as it's likely to get. Bank of Canada held rates at 2.25% again on April 29. Most forecasters now think the next move is more likely up than down.

Quick question for anyone reading this who's been thinking about buying — what's the one thing still holding you back? Rates? Prices? Down payment? Genuinely curious.

Full April breakdown (every sub-market, where rates are headed) — link in the comments. 👇

05/12/2026

North shore PEI at its best. 🌊 Savage Harbour waterfront — 3 bed, 3 bath, 2.6 acres, and views that don't quit. Offered at $799,000. Send me a message to book a showing.

05/12/2026

🚨🔥New Listing Alert🔥🚨
Imagine waking up to this every morning. ☀️

This north shore property sits on 2.6 acres with 112 feet of Savage Harbour frontage - views of the dunes, the harbour, and the ocean stretching beyond. And you're still less than 30 minutes from Charlottetown.

The home itself is warm and well finished - vaulted ceilings, exposed beams, brick fireplace, updated kitchen, loft, fully developed basement, and a deck that earns its keep all summer long.

Three beds, three baths. Minutes from Crowbush and Morell. Offered at $799,000.

Reach out if you'd like a private showing — happy to chat. 🏡

https://zsvc.paragon.ice.com/s/goto/FVN0gmFnQ8k

04/30/2026

If buying a home on PEI is on your list for 2026 — even loosely — now is a reasonable time to start having the conversation.

Not because you need to rush. You don't.

But because the buyers who feel the least stressed through the process are the ones who started preparing 3–6 months before they were actually ready to make an offer.

That preparation looks like:
→ Getting pre-approved so you know your real budget
→ Understanding the full cost picture before you fall in love with a listing
→ Getting clear on what you actually need (vs. what looks good online)
→ Building a relationship with an agent who knows the local market

None of this costs anything. None of it commits you to anything.

It just means that when the right property shows up — and the right one will eventually show up — you're in a position to move with confidence instead of scrambling.

PEI is still a place where a couple with two modest incomes can realistically own a home. That window isn't permanently open. But it's not closed yet either.

If 2026 is the year you're thinking about making a move, let's talk. I'm at 902-218-1353 — always happy to have a no-pressure conversation about where you stand.