Costs of living
PEI is good at protecting its heritage, as well as its low cost of living. The province, through a commission, is responsible for regulating fair rates for rental, utilities, insurance, and even gasoline.
Housing costs are among the lowers in Canada, with an average price of $700 for renting a one-bedroom apartment in the city centre.
The Residential Rental Property Regulation website provides information on, for example, allowable rent increases, rate of interest on security deposits and much more. For 2014, the allowable rent increase is 2% for heated rental accommodation and 1% for unheated rental accommodation.
As a new renter in Charlottetown, you’ll have to set up your electricity connection with Maritime Electric, and budget for deposits and new connection charges. Heating is often included in the rent in PEI, as is hot water.
Electricity, however, will probably be left up to you. You may also have to pay for snow removal or do it yourself if it’s not included in your rent – it's something you can try to negotiate with the landlord.
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