This was a welcome announcement, considering the sustained growth in PEI housing prices
The Prince Edward Island government has announced a strengthened commitment to emergency housing.
Late last week, PEI authorities confirmed various partnerships to ensure the development of emergency shelter, particularly for those who are bereft of housing options.
Among the most significant of the PEI government’s plans are warming shelters in Charlottetown and Summerside. Also announced is a partnership with Harvest House in Charlottetown in establishing transition units, along with extensions to the hours of Upper Room Hospitality Ministry Soup Kitchen, which will serve as a warming shelter.
“We have started to implement concrete actions to ensure there is range of options available to support people facing homelessness,” Housing Minister Ernie Hudson stated in a news release, as quoted by CBC News.
The announcements came in the wake of sustained price growth in the Island’s housing prices. PEI’s total dollar value of all residential home sales during September 2019 shot up by 15.9% year-over-year, ending up at $46.2 million and reaching a new record high for that month.
According to the Prince Edward Island Real Estate Association, this trend was spurred by higher average prices, which also increased by 17.2% annually to reach $250,955. Meanwhile, the number of sales ticked down by 1.1%, although it’s still 7.7% higher than the 10-year average for September.
