PEI has the strictest land ownership laws in Canada under the Lands Protection Act. Non-residents (including other Canadians) must apply for Executive... Read More Council approval to own more than 5 acres or any property with more than 165 feet of shore frontage. This "Shore Frontage Regulation" makes purchasing a private island a multi-month bureaucratic process. Even if approved, you may be required to consolidate the land or leave it as "non-development" use. Foreign buyers also pay a higher real property tax rate than residents. Read Less