The P.E.I. New Democratic Party held a policy convention in Charlottetown over the weekend.

Leader Mike Redmond says the party passed key policies on affordable housing, a basic income guarantee and youth addictions treatment, as well as deep water wells and cosmetic pesticides.

Mike Redmond -Custom

NDP Leader Mike Redmond says the party has erased its deficit form the 2001 election and fundraising is up. (CBC)

He also says fundraising is up and the party has finally erased its deficit from the 2011 election campaign.

Now Redmond says it's time to build the party organization in P.E.I.'s 27 provincial electoral districts and four federal ridings to prepare for provincial and federal campaigns over the next two years.

"We have a fantastic executive, very focused on building ridings federally and provincially, and there's a real unified group at the table now and we're quite confident moving forward," said Redmond, who was voted party leader in 2012.

"Obviously, you can't build a house without a basement, a foundation. So that's where we're starting from."

The NDP have been polling solidly in second place on P.E.I. behind the governing Liberals. They have not had an MLA in province house since Herb Dickieson was elected in 1996.