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Prince Edward Island

Need a place in Canada that offers more than outdoor activities? If so, Prince Edward Island has something special to offer. This is the smallest province in Canada. It's actually a peninsula, which is connected to New Brunswick through the Confederation Bridge. With its small island-like environment, Prince Edward Island is excellent to relax in and enjoy slow-paced activities. It's perfect for boating, swimming, and golfing! Plus, the place is full of natives. You can even attend native speaker festivals. Artistic concerts are also available at the King's Playhouse which is more than 130 years old! Over 60 lighthouses exist along Prince Edward Island's coastline, giving it a romantic vibe. If that's what you want to experience consider going there for wedding photos and your honeymoon!

The island's economy is diverse, ranging from aircraft manufacturing and repair, to IT, renewable energy, biology, tourism, fishing and agriculture. On the topic of aircraft manufacturing, this comprises 1/5 of the Prince Edward Island's exports, with its products intended for defense and commercial purposes. Another sector is pharmaceuticals, and many development centers are stationed there creating products for animal and human health. IT is a great contributor, constantly upgrading the technological tools in the local economy. Clean energy is core to the island's power needs. Use of wind energy is standard in the province. Also, the fishery and agricultural sectors are as important, with the island being a lead producer of products including potatoes and oysters.

The province offers a multitude of migration programs suitable for all job expertise levels. Both global students, skilled and unskilled workers aren't required to sign up for long-term employment offers. They can opt for short-term offers, allowing enterprises an easier hiring process. Also, Prince Edward Island is syncing its program with other provinces and Canada's federal government. This has allowed it to join a pilot migration system for all workers and global students spending time throughout Canada. Foreign entrepreneurs who plan on investing and settling in Prince Edward Island’s have little requirements to pass, including a demonstration of language skills. Low investment capital is accepted, and allows for better immigrant integration.

Facts

Geographic & Economic Profile of Prince Edward Island

Charlottetown

Charlottetown

Capital
Charlottetown

Charlottetown

Largest city
English

English

Main language
173,954

173,954

Population
Q1-2023
5,660

5,660

Total Area (km²)
13th
5,660

5,660

Land Area (km²)
13th
sea

0

Freshwater Area (km²)
13th
15%

15%

Sale tax
$14.50

$14.50

Minimum Hourly Wage
4/2023
$22.50

$22.50

Median Hourly Wage
2023
8.10%

8.10%

Unemployment rate
7/2023
61%

61%

Tertiary education
2021
$816

$816

Annual premium car insurance
2019
$608

$608

Monthly childcare
9/2020
$989

$989

2 bedroom apt rent
8/2022
$360,700

$360,700

Average House Price
8/2022

Weather Averages

No Data Found

Education Institutions

school
University of Prince Edward Island
Maritime Christian College
Collège de l'Île
Holland College

Major Economic Sectors

Service-producing industries
Public sector
Goods-producing industries
Real estate and rental and leasing
Public administration
Industrial production
Owner-occupied dwellings
Manufacturing
Health care and social assistance
Construction
Educational services
Agriculture, forestry, fishing and hunting
Retail trade
city

Top immigration occupations

Q3-2023
Immigration 1
  • 6711 - Food counter attendants, kitchen helpers and related support occupations
  • 9463 - Fish and seafood plant workers
  • 6221 - Technical sales specialists - wholesale trade
  • 6552 - Other customer and information services representatives
  • 6311 - Food service supervisors
  • 3413 - Nurse aides, orderlies and patient service associates
  • 6322 - Cooks
  • 6611 - Cashiers
  • 4214 - Early childhood educators and assistants

Prince Edward Island - Skills Immigration Draws

DateTotal
Nov 16, 2023134
Nov 2, 202342
Oct 19, 2023102
Oct 5, 202320
Sep 21, 2023153
Aug 31, 202322
Aug 17, 2023138
Aug 3, 202358
Jul 20, 202397

Prince Edward Island - Entrepreneur Immigration Draws

DateTotalScore
Nov 16, 2023780
Oct 19, 2023280
Sep 21, 2023480
Aug 17, 20234102
Jul 20, 2023980
Jun 15, 2023482
May 18, 2023365
Apr 20, 2023972
Mar 16, 2023652
Jan 19, 2023762
Feb 16, 2023670
Jan 19, 2023762

References
https://doi.org/10.25318/1410028701-eng
https://doi.org/10.25318/3710013001-eng
http://www.ibc.ca/ns/resources/industry-resources/insurance-fact-book
https://www.retailcouncil.org/resources/quick-facts/sales-tax-rates-by-province
https://arrivein.com/daily-life-in-canada/child-care-in-canada-types-cost-and-tips-for-newcomers
https://www.crea.ca/housing-market-stats/canadian-housing-market-stats/national-price-map
https://wowa.ca/cost-of-living-canada
https://www.tourismpei.com/
https://www.princeedwardisland.ca/en/information/prince-edward-island-industries
https://www.princeedwardisland.ca/en/information/innovation-pei/aerospace-and-defence-industry

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