The East Coast is Great!!
I like to explain PEI as the province that is smaller in population then many Canadian cities yet with provincial benefits......we have provincial employment and many federal offices too.
There are lots of good qualities to living here, life is slower paced, we still have access to many things, like international airports (Halifax), my DH will take business trips to Toronto in one day by flying out of Moncton. shopping (Moncton, Halifax) beautiful summers, falls, and springs, winter can get long but for the most part that is a Canadian thing.
Cost of living.....hmmmmm....groceries seem more expensive lately, not sure if they are more then other places.....heating is high, most homes are heated with oil furnace (hot water or forced air) Homes are affordable, Charlottetown having the highest prices. We haven't been hit with the recession the same way as other places although definitely feeling the affects trickling down.
One thing to think of, many people that are here have always been here. It takes time to get the feel of the place.Those that I have seen move "from away" that have had the most success have really thrown themselves into the community. My father who has the biggest Island heart I know is still "from away" after living here 42 years!!!
I wouldn't trade living here, raising my family here, and I have lived in other provinces and seen most of Canada, US, and some of South America.
Sandra