PEI is the smallest province in Canada and perhaps offers the greatest potential for real estate investment in Canada. In PEI we have some of the lowest real estate costs in the country. The best time to invest in a home or other PEI real estate is almost always now! Real estate (especially here on PEI) is one commodity that is available in a finite amount. We can not create more land (well not on a practical level) and therefore real estate values will always appreciate. Look at real estate prices over the duration of your own life. Have the prices of land and homes gone down? Certainly not! Yes, on occasion when the real estate market has overheated there have been adjustments and real estate prices have fallen. However for those real estate buyers who bought at the peak, they simply needed to wait out the adjustment and they were soon back on track.