Boom island: Little Prince Edward Island enjoying a buoyant economy - News Summed Up

Boom island: Little Prince Edward Island enjoying a buoyant economy


CHARLOTTETOWN — Tourists visiting tidy, bucolic Prince Edward Island should keep their eyes open for some swagger this summer: The smallest province is on a tear. Retail sales on the Island were up 7.4 per cent last year, and employment grew by three per cent and continues to grow at that pace. The island is aiming for its fifth straight year of record tourismChris Palmer, minister of economic development, said the Island has seen a fundamental change in attitude. Housing starts on the Island increased by 64 per cent last year — compared to a national average of 11 per cent. And with a vacancy rate of less than half of a per cent, Sanderson expects 2018 will be busy.


Source: National Post May 22, 2018 15:22 UTC



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