With Square Yards Canada, you can find your dream property in Peterborough. Explore your options from 23 condo apartments, 8 condo townhouse for sale, 310 detached houses, 0 semi detached homes for sale posted by agencies/owners who provide spacious and luxuriant, freehold, commercial, and residential properties such as townhouse condos for sale in Peterborough.
Peterborough is an urbanised remote locality and is massively developing in the front of large three and four-bedroom apartments and private housing land. The Peterborough real estate for sale has flourished for families and individuals since real estate has shown an upward trend in the last ten years. This is evident from a census which indicates that in 2013, prices were touching CAD 254,466.
However, by 2022, prices boomed to touch CAD 752,400. This is directly related to the growth prospect of the real estate market in Peterborough. Although, in the long run, the value of properties in Peterborough has increased, the last 12 months saw marginal fluctuations. For instance, in Oct 2021, the prices stood at CAD 663,600, which went as high as CAD 802,500. This eventually went down to CAD 688,800.
People have responded positively to property purchases, and the demand has gradually grown. The price rise in properties over the past ten years is proof of that. The small town of Peterborough has been kind to property buyers as they are mostly attracted to the quiet lifestyle, nature-rich amenities, lake sites, picturesque parks, and much more. Research stats suggest a 31% dip in sales through the MLS system compared to last year's data.
Furthermore, the Peterborough housing market trend suggests a 27.6% decrease in sales when data were compared with average five-year statistics.
|Particulars for Oct 2022||Value||Impact|
|Average Sale Price||CAD 693,612||Down by 6.9%|
|Average Days on Market||46||Up by 130%|
|New Listings for current month||260||Up by 40%|
|Homes Sold||144||Down by 27%|
The beautiful county of Peterborough which majorly has some of the most alluring neighbourhood localities in the province of Ontario.
Let's address some popular sites that are nearby the county of Peterborough. The place is about one hour from the stunning Kawartha Lakes, an excellent cottage county, two hours and forty-five minutes from Kingston, Ontario, and one hour and forty minutes from Toronto.
Moreover, some of the most desirable Peterborough neighbourhoods can include East City, Old West End / Avenues, the area around the hospital, the University Heights area and the Kawartha Heights area. These areas also make for a desirable Peterborough neighbourhood housing market, owing to the scenic amenities and affordable home prices.
Lastly, some real estate market-friendly Peterborough neighbourhoods include Kawartha Lakes, Oshawa, Quinte West, Pickering, Belleville, Orillia, Markham, Prince Edward County, etc.
To make up for the low sales activity, authorities are making sure to add more listings. 2022 witnessed more listings compared to 2016, 2017, 2018, 2020, and 2021 for September. The Peterborough real estate MLS listings were close to 300 units in September 2022.
Speaking of active listing, here is a table showing the data for September over the years.
|2013||More than 1000 units|
|2014||Slightly less than 1200 units|
|2015||Slightly less than 1000 units|
|2016||Close to 500 units|
|2017||More than 400 units|
|2018||Close to 400 units|
|2019||Slightly less than 600 units|
|2020||More than 200 units|
|2021||Slightly more than 200 units|
|2022||Slightly more than 400 units|
Peterborough housing market's average residential home sale price over the years is as follows. The values are taken from January to July of the same year and July to January of the subsequent year.
The values shown are approximate and not be taken for their face value.
|From Jan 2013 to July 2013||CAD 250,000 to CAD 290,000|
|From July 2013 to Jan 2014||CAD 290,000 to CAD 220,000|
|From Jan 2014 to July 2014||CAD 220,000 to CAD 305,000|
|From July 2014 to Jan 2015||CAD 305,000 to CAD 295,000|
|From Jan 2015 to July 2015||CAD 295,000 to CAD 320,000|
|From July 2015 to Jan 2016||CAD 320,000 to CAD 315,000|
|From Jan 2016 to July 2016||CAD 315,000 to CAD 370,000|
|From July 2016 to Jan 2017||CAD 370,000 to CAD 330,000|
|From Jan 2017 to July 2018||CAD 330,000 to CAD 430,000|
|From Jan 2018 to July 2019||CAD 430,000 to CAD 480,000|
|From July 2019 to Jan 2020||CAD 480,000 to CAD 470,000|
|From Jan 2020 to July 2020||CAD 470,000 to CAD 550,000|
|From July 2020 to Jan 2021||CAD 550,000 to CAD 670,000|
|From Jan 2021 to July 2021||CAD 670,000 to CAD 700,000|
|From July 2021 to Jan 2022||CAD 700,000 to CAD 850,000|
|From Jan 2022 to July 2022||CAD 850,000 to CAD 770,000|
Speaking of Peterborough demographics, the locality accommodates people of multiple races. The population of Peterborough is 128,624 as of the previous census count, which includes more than 81,000 proud family residents. The major attraction of the location is that it is situated on the banks of the Otonabee River, which inflows from the central Ontario region. As experts note, the population of Peterborough is expected to grow exponentially. This majorly owes to the authority’s city expansion plan through Highway 407.
Since mortgage rates have been rising, home sales have seen its consequence. Brokerages are getting less out of the bargain and making the whole market somewhat snobbish. The higher-priced houses are listed with the brokers for about a 2.99% rate increment, while the lower-priced houses have been listed with the brokers for about a 4.84% rate increment.
For example, if a house were priced at CAD 900,000, the current market rate would be about CAD 750,000. That is a decent 17% drop, and people can invest easily.
However, the downpayment scenarios have been changing bit by bit. If one had to pay a down payment of CAD 65,000 a year ago, one could only afford to pay a down payment of CAD 50,000. This means that if the rates of houses are going up, there is still a lot of opportunity with the market trends of Peterborough. Due to price drops, resale prices may not be ideal per Peterborough real estate brokerage trends.
The county of Peterborough is divided further into eight municipalities or townships, which are a great prospect for home-buying. Here is a list of the townships under Peterborough county.
There are many reasons why people love the county of Peterborough. Some of these include the Trent-Severn Waterway, Locks, Peterborough Lift Lock, Lift Lock and the Riverboat Cruises, Canadian Canoe Museum, Riverview Park and Zoo, Peterborough Musicfest, Parks and Trails, Peterborough Petes Hockey Team, Art Gallery of Peterborough, Peterborough Farmers' Market, Trent University and Fleming College, Showplace Performance Centre and The Venue, Downtown Peterborough, Indian River Reptile Zoo, Real Estate, and Living Affordability, Retirement Community, and many more.
More than 400 active listings active in September 2022 that are additional to the available active listings. Moreover, 292 additional residential unit listings have been added as well.
Home-buyers can expect various property availability from an array of brokers. With about 292 new listings added to the available listings, the residential units are generally considerably lower but higher than the previous year’s comparison.
The median home price in Peterborough is about CAD 688,800.
Condos are available in the county of Peterborough for a starting price of CAD 389,000, which can go up to an average price ranging from CAD 800,000 to CAD 1,000,000.
Yes, there are provisions for foreigners and ex-pats to buy property in Peterborough county while following the correct norms and procedures and adhering to laws and regulations.
Depending on the buyer’s choice, various properties are available. A buyer can expect detached housing units to posh apartments in a high-rise structure.
Both detached and semi-detached housing properties are available in Peterborough.
Square Yards has an extensive listing of Peterborough housing units for home-buyers.
Peterborough is a county with varying degrees of amenities available. From lush natural environment to availability of supplies. From schools, colleges, libraries, and educational institutions, to parks and recreation spots.
One can expect a maximum price of CAD 3,000,000 to CAD 4,000,000 for condominiums to a minimum of CAD 300,000 to CAD 400,000 for 1.5 floored affordable housing units with attractive amenities.