We Can’t Wait to See these 5 New Peterborough Developments

Drive almost anywhere in Peterborough this year and you will spot it: new streets taking shape in the west end, construction fencing going up in East City, and sales centres opening their doors on the north side of town. Our city is growing, and it is growing fast!

Back in 2022, we shared the five Peterborough developments we couldn’t stop talking about. A lot has changed since then. Some of those communities have filled in with families, and a whole new wave of Peterborough new construction has taken their place on our radar. If you are thinking about buying a new home, downsizing, or you just love watching your city evolve, here are the five projects we are most excited about in 2026.

If life in Toronto and the GTA has become too expensive, it might be time to consider relocating to Peterborough! Learn more by downloading our comprehensive Relocation Guide.

Why So Much Building in Peterborough Right Now?

Peterborough broke ground on 545 new homes in 2025, beating its provincial housing target by 16 percent. That earned the city more than $1.6 million through Ontario’s Building Faster Fund this summer.

City council also voted to cut development charges by 50 percent for three years on all types of residential construction. Development charges are the fees builders pay the city to help cover roads, pipes and other services for new neighbourhoods, and they usually end up baked into the price of a home. Cutting them in half is meant to get more shovels in the ground, and local builder AON has already said the change will help it speed up about 400 units.

So what does all of that look like on the ground?

1. Trails of Lily Lake and Nature’s Edge (West End)\

Trails of Lily Lake made our list in 2022, and it is still one of the busiest spots for new builds in Peterborough. Several builders are now active here, including Dietrich Homes, Maplewood Homes and Picture Homes, which means buyers can compare floor plans and finishes without leaving the neighbourhood.

Lot widths run from 30 to 40 feet, and Maplewood’s detached plans range from about 1,660 to nearly 3,000 square feet, with townhome options too. Dietrich is offering two-storey singles designed with secondary suites, a big plus if you want a basement apartment for rental income or a parent moving in.

Right next door, Nature’s Edge on Flavelle Way (by Pristine Homes and Bromont Homes) adds 20-foot freehold townhomes, 36 and 40-foot detached homes, and 50-foot bungalows for downsizers. Both communities sit beside Jackson Creek and the Trans Canada Trail, so your morning walk starts at the end of the street.

If you are weighing a new build or an investment property, these posts are worth a look:

2. Parklands and The Residences of Broadway (North End)

Mason Homes’ Parklands community off Chemong Road has been growing phase by phase for years, with a mix of detached, semi-detached and townhome designs set around woodland trails and ponds. The newest piece, The Residences of Broadway, is coming soon with three-storey freehold townhomes of up to 2,100 square feet, many with rooftop terraces.

There is more on the way nearby. Mason Homes has also applied to build about 230 units at 451 Grange Way and 1290 Chemong Road, a mix of 118 apartments and 112 townhouses, and that application is still working its way through the city. The city has flagged Chemong Road improvements that could help support close to 3,000 new homes along the corridor over time, so the north end is one to watch.

Thinking about which part of the city suits you best? These reads can help:

Peterborough Is Reaching New Heights!

3. 90 Hunter Street East (East City)

Remember East City Condos from our 2022 list? The same developer, TVM Group, is now behind what will be the tallest building planned for Peterborough. The 17-storey tower at 90 Hunter Street East will hold 205 market-rent apartments: 66 one-bedroom, 110 two-bedroom and 29 three-bedroom units, plus commercial space at street level.

What we love most is how it respects the neighbourhood’s history. The original 1920s Mark Street United Church stays standing, and only the 1957 addition behind it came down. Demolition started in July 2026, and TVM estimates 18 to 24 months of construction once work is underway. East City’s cafes, shops, and Millennium Park are all a short walk away.

4. The Crescent Street Tower (Little Lake)

Ashburnham Realty received final approval from city council in February 2026 for a 17-storey mixed-use building on Crescent Street, stretching across nine properties on Crescent, Lake and George Streets.

The approval allows up to 225 residential units and at least 465 square metres of ground-floor commercial space. The developer has been targeting fall 2026 for a construction start. For renters who want lakefront walks, Del Crary Park and downtown at their doorstep, this could be a very special address.

Building Homes That More People Can Afford

5. Keystone Court by Habitat for Humanity (Lansdowne Street West)

Not every exciting project is a big tower or a subdivision. At 78 to 82 Lansdowne Street West, Habitat for Humanity Peterborough & Kawartha Region is planning Keystone Court, a five-storey building with 40 condominium units: 10 studios, 19 one-bedroom and 11 two-bedroom homes.

It is part of Habitat’s plan to create 149 affordable homes across the region. Families put in 500 volunteer hours as part of the program, and Habitat can buy homes back when owners move on, which keeps them affordable for the next family. Projects like this help working families get that first foot on the property ladder, and that makes the whole community stronger.

What’s one of the best reasons to buy a house in Peterborough? It’s all the fun things to do, no matter what time of year it may be! Learn more in the posts below:

What’s Next on the Horizon?

These five are just the beginning. A few more projects we will be keeping an eye on:

1341 Water Street: an eight-storey rental building with 180 units, now under city review.
1190 Hilliard Street: a mixed-use project of 3 to 10 storeys with 141 units and a daycare.
The Coldsprings growth area: about 280 hectares planned for roughly 2,900 homes of all types once water and wastewater services are in place.

(Note: Several of these projects are still in the approval stage, so unit counts, designs and timelines can change before shovels hit the ground.)

Thinking About Buying a New Build in Peterborough?

New construction has a lot going for it: modern layouts, energy-efficient systems, and the fun of choosing your own finishes. It also comes with its own learning curve. Builder contracts are not the same as a typical resale offer, closing dates can shift, and upgrades add up quickly. That is why it helps to have someone in your corner who knows the builders, the neighbourhoods and the fine print.

Whether you are drawn to a detached home by the trails, a townhome in the north end, or a rental with a view of Little Lake, Peterborough has more choice today than it has in years. We can’t wait to watch these developments come to life, and we would love to help you find your place in them.

Do you have questions about Peterborough new construction or which new builds fit your budget? Our Peterborough real estate agents are here to support you through whatever challenge you are facing. Reach out to team@jeffandkatie.ca or call 705-243-9797 to start the conversation today.