Prince Edward Island is one of the 4 provinces in Atlantic Canada. Popularly known as the “Garden Province'', Prince Edward Island perfectly encapsulates the experience of living in a small town with first-world amenities. Being the smallest Canadian province, Prince Edward Island only has a population of 140,000 people.
Charlottetown is the capital city of Prince Edward Island and also the largest city in the province with a population of around 40,000 people. Newcomers to Canada particularly enjoy the island for its small-town feel, short commutes, and low crime rates.
What Are the Benefits of Immigrating to Prince Edward Island?
Prince Edward Island is a perfect place to raise your family. The province has a relatively low cost of living compared to other provinces. The housing and heating expenses are also affordable. The minimum wage per hour in the province is $10.35. Given its low population, the province has very affordable housing prices. The average price of buying a house on the island is $200,000.
What Are the Demographics of Prince Edward Island?
Prince Edward Island is home to the smallest population in a Canadian province. Despite that, the area is densely populated. More than half of the population lives in the Charlottetown area.
Immigrants make up around 6.4% of the total population. A majority of new immigrants prefer to settle in the city of Charlottetown and Summerside. According to the 2016 Census, the top source countries for immigrants to Prince Edward Island are as follows:
- The United States
- The United Kingdom
How Is the Economy in Prince Edward Island?
The economy in Prince Edward Island depends primarily on agriculture, tourism, and fishing industries. Prince Edward Island supplies 30% of the potatoes consumed in Canada. It is a main source of income for over 2,000 farmers in the province.
The province also has a thriving tourism industry with travelers from all over Canada and the world visiting to enjoy the beautiful landscapes and golf courses. The main manufacturing industry comprises food processing. Other sectors of the economy are also becoming more important including high technology, medical, electronics, etc.