Leading the Country on Population Growth … but Also Inflation: Prince Edward Island’s Three-Year Outlook

This quarter, we look at the effect of rising interest rates on consumer spending, housing markets, and overall economic growth in P.E.I.

Higher interest rates are already having an impact on the housing market, but to what extent will the Island’s strong population growth help housing starts to recover? How much will the recently announced provincial government sales tax credit help to support consumer demand and limit the slowdown in economic growth early next year? We share our forecast for P.E.I.’s economy over the next three years, including gross domestic product, jobs, agriculture, tourism, and construction.

Read the issue briefing to get our full analysis.