Summerside, Prince Edward Island - A Place to Retire

Summerside is the main city of Price County, theexisting retirement financial plan and provide a better
westernmost of Prince Edward Island's 3 counties.lifestyle or a longer retirement picture.
Summerside was among 50Plus Magazine's topSummerside homes categorize into three distinctly
Canadian cities, chosen for availability of housing atdifferent groups. There are the heritage homes, large
reasonable cost, access to health care services, asmulti-bedroom homes that were built in the city
well as leisure and cultural activities, generalcentre by the founding fathers. These were largely
employment conditions and climate.capitalists of the early 19th century and many were a
In considering a retirement venue some will wish topart of the then prosperous fox industry. The fox
stay in the area they have spent their working lifeindustry is of course long since a thing of the past
and thereby stay closer to friends, family and the life(although in the country there are still many wild
and services that they have become accustom to.foxes) but the homes these titans built are still
For the more adventurous, who may not have familystanding proud. Many of these have been converted
in the area that they are residing, or who just wantto apartments, used as offices, or thriving Bed
to make a change, Summerside provides many of& Breakfasts. You can purchase the existing
the lifestyle factors that are important to retirees.single family heritage homes for 2 to 3 hundred
Summerside is a small town of approximatelythousand, many with incredible architecture and the
14-15,000, boasts 2 shopping malls, a brand newpotential for income as well as providing a worthy
hospital as well as a Wellness Centre with pool, iceresidence. These homes in other Canadian or
arenas, bowling alley, and 2 swimming pools - isAmerican cities would be priced at 800 thousand
situated on the waterfront, with boardwalk, harbor,upward to one million dollars.
performance arts centre, curling complex, yacht club,At the other extreme of the scale there are many
and Spinnakers Landing, an outdoor, waterfrontsmaller homes, referred to as "starter homes" but
entertainment and shopping area. Summerside'scould just as easily be retirement properties. These
slogan is "the only thing we overlook is the water"are priced under 100 thousand dollars and many are in
and from the preceeding list that would appear to bethe fifty thousand to sixty thousand range. They are
so!smaller homes on smaller lots but have the
In addition to "brick and mortar" attractions,advantage of being city centre and close to all
Summerside also can lay claim to be one of Canada'samenities. There really isnt a need for a car within
safe cities and a place where the island motto "thethe city as much is within walking distance and
Gentle Island" isn't just a slogan, but a way of life.otherwise taxis are inexpensive.
Summerside is a place where neighbors knowThe third category encompasses much which is
neighbors taking the time of day to get to knowpriced between these two extremes and this group
their fellow citizens.comprises new townhouses, many new or newer
However for the retiree thinking of coming tosingle family homes and older homes which have
Summerside to spend that time of their life whencharacter but not the size or the larger lots
they have more time to peruse interests other thanassociated with the heritage homes. Most people can
career, it is important that they have the income toeasily find a home to their taste in this group in the
make their dreams come true. Your retirementone to two hundred thousand dollar range and these
income can go further in Summerside!homes all represent similar homes in other North
The primary difference living in Summerside, if youAmerican cities in the two to five hundred thousand
are moving from a larger city, is the difference inrange.
property values. Summerside homes would easily beWhatever your taste and budget you will find a
half or less the value of comparable homes inhome in Summerside comparable to what you own
Montreal, Toronto, Calgary or Vancouver. Even if younow at a fraction of the cost, not just to purchase
live in rural Canada, in most cases you could sell yourbut also in terms of taxes. Contact a local
pre-retirement property and purchase here inSummerside realtor and you can be on your way to
Summerside and realize a large cash difference.a better, more prosperous retirement years.
Obviously this cash would add very nicely to your