May 10, 2023 – CBC PEI: The PEI government is projecting a population of 200,000 in 2030, a milestone that would be four years ahead of what the province expected only a year ago.
The province saw record growth in 2022, up more than 7,000 people. The government is forecasting growth will continue at between 3,000 and 4,000 a year into the future.
The continued rapid growth raises questions such as where these new Islanders will live, given that PEI has been in a housing shortage crisis since 2019.
“It’s a little bit scary,” said David Arsenault of Arsenault Properties, a property developer and manager.
“It’s definitely concerning in how we’re going to keep up with an already struggling labour force. Across the Island, we’ve been struggling to keep up with demand.”
Read the full CBC PEI story by Kevin Yarr here
View the PEI Population Projections 2023 – 2062 report here