FIRST TIME HOME BUYERS?
No money for a downpayment? Check this out!
Check out the link to the Down Payment Assistance Program.
The PEI government has a program for you - the Down Payment Assistance Program (DPAP). You could (if you qualify) secure an interest free loan worth up to 5% (maximum $11,250) of the net worth of your home (the minimum downpayment required). Your downpayment loan is repayable over 10 years at 5% interest. Now there may no longer be a need to rent!