Home Purchase and Rental Support

Provides financial rebates of up to $16,000 for eligible individuals who are planning to have a home built. Rebate amounts vary by efficiency level.

Provides financial assistance to support qualifying individuals who are escaping abusive situations by helping to cover monthly housing expenses, such as rent, mortgage payments, or property tax, up to $7,200 annually. The benefit can also provide a one-time non-repayable damage deposit of up to $2000.

Gender-based violence: based on gender norms and unequal power dynamics against someone because of their sex, gender, gender identity, gender expression, or perceived gender including women, girls, and 2SLGBTQI+. Violence takes many forms including physical, sexual, financial, as well as emotional (psychological) abuse.

This is a shared program through the Governments of Canada and Prince Edward Island as part of the National Housing Strategy.

Provides an opportunity to PEI residents to own an eligible home that is up to maximum value of $350,000 (including HST, if any). Finance PEI will purchase a home on behalf of an approved participant who will in turn enter a five year Rent-to-Own agreement with Finance PEI on the same day the home is purchased. Participants will pay the rent to Finance PEI, and a portion of the payments shall accrue in favor of the participant to use the amount to exercise their purchase options below:

• Reduce the purchase price payable to Finance PEI ("Purchase Price Credit")
• Be used towards the cash down payment required to obtain the mortgage financing required to complete the purchase from Finance PEI ("Downpayment Credit")

Online information about property taxes and assessments. Includes:

• General information
• Property tax credits and subsidies
• Forms
• Requesting a property tax review
• Property charge rates
• Request a copy of property tax statement
• Property tax balance inquiry

• Provincial property tax
• Municipal property tax
• Fire district charges
• Island Waste Management (IWMC) charges

Aims to lower the cost of living for eligible older adults by offering to defer payment of property taxes on their principal residence. Upon acceptance into this program, annual property taxes are deferred. Taxation and Property Records will keep an accumulated total of taxes owing each year.

If the property owner dies or the property is sold, all deferred taxes become payable.

If continuing with the program for life, the accumulated taxes are required to be paid out of the estate. If the value of the estate is not sufficient to cover the amount of the accumulated taxes, the government will discharge any outstanding balance.