I came across this article today. I'll only post the opening paragraph because I don't want to contribute to any feeding frenzy that destroys yet another beautiful place.
Alberta money eyeing P.E.I. waterfront
CBC - With big money being made in Alberta, and the high real estate prices that go with it, some beneficiaries of the boom are looking to P.E.I. for more affordable property alternatives.
Yesterday Kimberly asked what is the next sexy investment? at VHB. This could be one of the answers. But I think it's a crazy one. There is a reason that land is cheap in Atlantic Canada - there is little in the way of an economy, and little in the way of amenities and infra-structure.
There is Anne of Green Gables, Charlottetown (yee-haw!), and a seasonal tourism trade, potato farms that have suffered bad crops for a few years, but that's about it. That is the charm of the region. The only thing that will happen to it is negative - in the long run. The locals will not be able to live where they are born. It's already bad enough with so many having to move away.
There is some off-shore oil and gas, so I suppose that there will be a demand for experienced oil people. Will they be bringing their derricks and donkey pumps with them to mine the black gold on the useless, deserted beaches?
When will this need to feed stop? I'm awfully sick of it.
I did the photoshop collage.