As the cost of living goes up all over the country, especially in the GTA, many people find themselves struggling in recent years. Some are finding creative ways to make their life more affordable. These methods include taking on roommates, buying real estate in groups, and renting out a room in the house to help cover expenses.
Those who need a little more living space or can’t stand the thought of a roommate are seeking out other solutions. Moving away from the GTA is one way to enjoy a higher quality of living at a much lower cost. One area that is getting a lot of attention is Peterborough. With so much to love about this city, it’s easy to see why over 131,000 people have made it their home. The green spaces, the beautiful waterfront, and the vibrant arts and culture scene are just a few of the highlights of living here. And while you may hear a lot about what Peterborough has to offer as a whole, you don’t often read much about the individual neighbourhoods.
Let’s take a walk through and see what makes Peterborough such a dynamic and diverse place for so many people from so many walks of life.
Great schools and easy commuting make this a popular neighbourhood for people with young families. You’ll find a mix of real estate options in this peaceful, quiet area, from luxury executive homes to more affordable bungalows. Fast access to Hwy 115 makes it easy to get in and out of the city. Kawartha Heights isn’t just for young families, however. It’s a popular place for downsizers and retirees, and is the location of the prestigious Kawartha Heights Retirement Living Centre.
Living in Peterborough means you’re never far away from the fun! Here are just a few examples:
- It’s Spooky Time in Peterborough and the Kawarthas
- The Joy of Cycling in Peterborough and the Kawarthas
- Exciting Events in Peterborough in the Spring
Despite its name, you won’t find many broke college or university students in this neighbourhood, even though it is close to Trent University.
University Heights is an upscale area in Peterborough for those who love to get away from it all. Gorgeous, well-maintained lawns are what sets this neighbourhood apart. You’ll find some of Peterborough’s most luxurious homes in this area, complete with backyard swimming pools and sometimes even private tennis courts.
You couldn’t ask for a better place for growing families or professionals!
East City is Peterborough’s largest neighbourhood by population, and was once known as Ashburnham. The area is highly walkable, close to plenty of parks and playgrounds, and provides access to the downtown core over the Hunter Street Bridge. Perhaps what residents love most about this neighbourhood is its proximity to Little Lake, which is also the site of popular events like the Peterborough Musicfest.
It’s also close to one of Peterborough’s famous attractions, the Lift Lock.
East City may be for you if you love the beauty of nature while never being far from the convenience of modern life.
Are you looking for more living space without breaking the bank? Then Westmount might be the neighbourhood for you. It consists predominantly of detached homes and townhouses, and three or more bedrooms is the rule rather than the exception.
Most residences were built between 1960 and 1980, making them more affordable than some modern new builds.
Westmount offers a quieter, slow-paced lifestyle ideal for families, and elementary and secondary schools are within easy walking distance.
Areavibes gives Jackson Creek a livability score of 91 due to its crime rate, access to schools, and cost of living. Plus, the neighbourhood has at least one fantastic feature to boast about. It is the location of Jackson Park, which is widely considered one of the most beautiful in the province. Stop by for a visit, and you’ll find children laughing and playing near the creek. There is also easy access to many of Peterborough’s hiking trails just waiting to be explored.
Jackson Creek also has much to offer for those considering investing in real estate. In 2020, the Peterborough City Council finally approved the new Jackson Heights subdivision.
328 homes are currently in development in the northwest corner of the city, including a wide selection of townhouses and condos.
It isn’t just Jackson Creek. There are fantastic opportunities in Peterborough for investors of all levels. Read more below:
We can’t talk about the best neighbourhoods in Peterborough without highlighting the downtown core. What makes it so special? The convenience is a big draw to new residents. The downtown area is highly walkable, and you don’t need a car to access the best of everything. If you want to go a little further or don’t want to walk, simply hop on the bus.
Downtown Peterborough is bordered by the Otonabee River and Little Lake, making for one of the best waterfront attractions in Ontario. Imagine walking from your home to spend the afternoon sipping coffee along one of the many waterfront patios as you watch the boats in the marina.
No matter where you are in downtown Peterborough, you’re steps away from all the shopping, dining, and entertainment opportunities you could ever want.