Welcome back to The Michael and Patty Show – Living in Prince Edward Island! 🌊🏡 In this episode, we’re covering a jam-packed mix of essential insights, fun stories, and thought-provoking topics about life and real estate on PEI.

We kick things off with a hot topic: IRAC’s updated regulations 🧾 around approving residential property purchases in municipalities — especially as they relate to the federal government’s 2023 move to ban certain non-Canadians from buying residential property 🛑. What does that really mean for buyers and sellers on the Island?

Next, we ask the question: "Do we really need 50 listing photos?" 📸 Just because we can doesn’t mean we should! We dig into listing best practices and how too many images might actually turn buyers off instead of attracting them.

We also explore the murky world of property values vs tax assessments 💰— with buyers often using tax assessments to justify low offers, and politicians trying to win votes by tweaking property taxes 🗳️. Should these numbers be trusted when pricing or buying a home?

Ever wonder why your offer wasn’t accepted? 🤨 We discuss why it’s important to ask questions, learn, and adjust your strategy – instead of just walking away frustrated.

Plus, we dive into the latest median prices and number of active listings in PEI’s biggest markets.

But we don’t stop there. We talk about all the behind-the-scenes services that make home ownership work — from garbage collection 🗑️ and snowblowing ❄️ to oil delivery, propane, and even how to get your mailbox keys 🔑.

And for anyone who’s thought about going solo, we share personal stories about being an entrepreneur on PEI 💼 — the highs, the lows, and why it’s a path worth considering.

Finally, we reflect on how far the real estate industry has come in just 25 years 🚀: From Geolink access and paper contracts to digital signatures, e-transfers, video walkthroughs, drone photography, and instant information at your fingertips. It’s been an incredible transformation — and we’ve been here through it all.

Ready to unlock the door to your dream property?

🎧🏡 #PEIRealEstate #DreamPropertyOffer #LivingInPEI #ExplorePEI #PEI

Connect with Michael: 🔗 YouTube: Michael Poczynek 🔗 Website: Michael's Homes 🔗 Twitter (X): Michael's Twitter

My mailing list and weekly newsletter. This will deliver to your inbox New listings before they are on MLS®, PEI Real Estate Tips, Tricks and Traps and general information about PEI.

Subscribe here: http://eepurl.com/b8yULf

Connect with Patty: 🔗 YouTube: Powerhouse Realty PEI 🔗 Website: Powerhouse Real Estate PEI

Prefer a more personal touch? Call or text us at:

📞 Michael: 902-626-6912 (Century 21 Northumberland Realty (1987) Limited)

📞 Patty: 902-626-6622 (Powerhouse Realty PEI Inc.)

Thank you for tuning in, and may your day be filled with great opportunities in the world of Real Estate! 🏡🌟