The great country of Canada is presently in the start of a Federal Election because of a lack of confidence in the Progressive Conservative government headed by Prime Minister Stephen Harper. Canada, for the last number of years, has been ruled by a minority government including the Liberals, New Democratic Party, and the separatist Bloc Party representing the province of Quebec. Prime Minister Harper is looking for a majority government so that he can bring Canada out of its deficit and give greater financial security to its citizens.
Prince Edward Island, the smallest of the 10 provinces of Canada, is represented by 4 Members of Parliament in the 308 seats in the House of Commons in Ottawa, the capital of Canada. Recently all of the 4 ridings in PEI was held by the Liberal Government of Canada...today there are 3 Liberal MP's and 1 Progressive Conservative. The PC member is Gail Shea from the western end of Prince Edward Island. Prime Minister Stephen Harper appointed Shea as the Canadian Minister of Fisheries & Oceans. Prince Edward Island gives a lot of tax money to the Federal Government in Ottawa, but also receives a lot of Federal money back as well for healthcare, education, infastructure, etc. Prime Minister Stephen Harper is expecte to be in Prince Edward Island this Friday April 1, 2011. He will be meeting with the new Progressive Conservative candidate Mike Currie who will try to oust the incumbent Liberal Party candidate in the riding of Cardigan.
The Canadian election will probably not have much to do with the PEI Real Estate Market in Prince Edward Island, Canada. The PEI Real Estate market is very stable mainly because Prince Edward Island with its beautiful scenery and "a sense of family" culture is very liked by the global investor. So all the best to the leaders of the various parties in this election, and hopefully the winner will give good leadership to the citizens of this great Country.
That's it for now...
George W. Jordan, Owner/Broker, Red Soil Real Estate Inc., www.buysellpei.com