PEI Real Estate Commission Calculator 2026
Prince Edward Island Real Estate Commission
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What Are Real Estate Commissions?
There is no standard real estate commission as a standard real estate commission violated the Competition Act. The typical total real estate agent commission in Prince Edward Island is 5%, but it can range from 5% to 6%. This commission is typically paid by the seller of the home. Details of the commission in each case should be in the listing agreement. The amount offered to the buyer's agent will be in the MLS listing as well.
What is the Average Real Estate Commission Rate?
$750,000 Property Selling Price Example
The above chart demonstrates the following: 5% commission on the selling price and a 15% tax that is applied to the total commission. The remaining amount is what you receive.
Real Estate Commission in Prince Edward Island
Real estate commissions in Prince Edward Island are commonly around 5% of the home's sale price, plus 15% HST. Since commission is based on the selling price, sellers in higher-priced markets such as Charlottetown may pay higher total commission amounts, while sellers in Summerside, Stratford, Cornwall, and other PEI communities may pay less if home prices are lower.
Do You Pay Tax on Real Estate Commissions in Prince Edward Island?
Yes. Real estate commissions in Prince Edward Island are subject to 15% HST. This means sellers pay HST on top of the commission charged by the listing and buyer agents.
For example, if the total commission is $20,000, the HST would be $3,000, bringing the total commission cost to $23,000.
Comparison of Real Estate Commission Across Provinces
| Province | Typical Commission Rate | Avg. Home Price (May 2026) | Buyer Agent Commission | Seller Agent Commission |
|---|---|---|---|---|
| Alberta | 7% for 1st $100K and 3% for the remaining balance | $547,605 | $10,214 | $10,214 |
| Ontario | 5% of total price | $847,813 | $21,195 | $21,195 |
| B.C. (Greater Vancouver) | 7% for 1st $100K and 2.5% for the remaining balance | $945,878 | $12,958 | $15,189 |
| Saskatchewan | 6% for 1st $100K, 4% for the 2nd $100K, and 2% for the remaining balance | $386,197 | $6,862 | $6,862 |
| Manitoba | 5% of the total price | $421,030 | $10,526 | $10,526 |
| Quebec | 5% of the total price | $568,580 | $14,215 | $14,215 |
| Nova Scotia | $1,500 flat fee for properties under $25,000 and 5% of the total price for other properties | $498,955 | $12,474 | $12,474 |
| New Brunswick | 5% of the total price | $370,946 | $9,274 | $9,274 |
| Prince Edward Island | 5% of the total price | $404,284 | $10,107 | $10,107 |
| Newfoundland and Labrador | 5% of the total price | $374,876 | $9,372 | $9,372 |
Ontario and British Columbia have some of the highest housing prices in Canada, resulting in higher total real estate commissions. Although British Columbia's commission rates are among the lowest in the country, homeowners often pay higher commission amounts because of the province's high home prices. In comparison, Prince Edward Island's lower home prices generally result in lower total commission costs.
Buying a Home in PEI
If you are purchasing a home and you are not a resident of PEI, there are restrictions on the amount of land that you can own under the Prince Edward Island Lands Protection Act. Non-residents can only own five acres of land or less, and can only have shore frontage of less than 165 feet.
If you wish to purchase more than these allowed amounts, then you will need to obtain approval from the Island Regulatory and Appeals Commission (IRAC). An application to IRAC costs $550 or 1% of the property's purchase price, whichever is greater. Exceptions may apply for the purchase of personal property.
Prince Edward Island uses GeoLinc Plus for property and tax information. To get access, you will need to be registered with PEI's Taxation and Property Records Divisions. GeoLinc Plus allows you to retrieve information such as the property owner's name, property charges, property assessments, aerial photos, and lease codes. In order to apply for a non-resident exemption with the IRAC, you will need to submit aerial photos from GeoLinc Plus.
If you are building a new home, you may also be required to conduct a percolation test. A perc test is required in PEI to check for soil type when building a septic tank.
Frequently Asked Questions (FAQs)
What is the typical real estate commission in Prince Edward Island?
Real estate commissions in Prince Edward Island are negotiable, but a common commission rate is around 5% of the home's sale price.
Who pays real estate commission in Prince Edward Island?
The seller typically pays the commission, which is usually shared between the listing brokerage and the buyer's brokerage.
Are real estate commissions negotiable in Prince Edward Island?
Yes. Real estate commission rates are negotiable and can vary by brokerage, agent, and the services provided.
Do you pay HST on real estate commissions in Prince Edward Island?
Yes. Real estate commissions in Prince Edward Island are subject to 15% HST.
Disclaimer:
- Any analysis or commentary reflects the opinions of WOWA.ca analysts and should not be considered financial advice. Please consult a licensed professional before making any decisions.
- The calculators and content on this page are for general information only. WOWA® does not guarantee the accuracy and is not responsible for any consequences of using the calculator.
- Financial institutions and brokerages may compensate us for connecting customers to them through payments for advertisements, clicks, and leads.
- Interest rates are sourced from financial institutions' websites or provided to us directly. Real estate data is sourced from the Canadian Real Estate Association (CREA) and regional boards' websites and documents.