The purpose of this Act is to provide for the regulation of property rights in Prince Edward Island, especially the amount of land that may be held by a person or corporation. This Act has been enacted in the recognition that Prince Edward Island faces singular challenges with regard to property rights as a result of several circumstances, including historical difficulties with absentee land owners, and the consequent problems faced by the inhabitants of Prince Edward Island in governing their own affairs, both public and private; the province’s small land area and comparatively high population density, unique among the provinces of Canada; and the fragile nature of the province’s ecology, environment, and lands and the resultant need for the exercise of prudent, balanced, and steadfast stewardship to ensure the protection of the province’s ecology, environment, and lands. The Act establishes a limit in the land holding and other provisions that control land holding, such as variance, application to lease, condition to permit, inspection of records, aggregate land holding declaration, liability, offences, etc.
Canada · 1982-01-01