Will Peterborough Real Estate Rise In Value?

As Peterborough, Ontario, residents, we never tire of talking about all the perks and fascinating tidbits of living here. (Just ask anyone who knows us). In our defence, there’s a lot to say!

Should we start with the massive amounts of beautiful green space and the many incredible bike trails to explore? Or are you more intrigued by the great restaurants and the entertainment scene? Or, perhaps you’d love to hear about the shimmering, sparkling lakes that have earned us the title, “Gateway to the Kawarthas.” There are so many things to love around here, and even the pets are singing the praises of Peterborough!

As Peterborough real estate agents, we have another favourite topic, buying and selling homes here and in the Kawarthas (another fantastic place to live and visit, and not just in the summer).

We aren’t the only ones who have discovered the joy of living in Peterborough. Plenty of newcomers, students, retirees and relocators also have their eyes on the area. Which brings us to the question of the day: will Peterborough Real Estate rise in value due to all of this attention and demand? In today’s post, we’ll gaze into our crystal ball and make our best predictions.

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A Look at Peterborough Real Estate Past

Disclaimer: We don’t actually have a crystal ball. No one does when it comes to predicting real estate trends, either in Peterborough or anywhere else. In fact, even the most well-informed experts are often spectacularly wrong. All we can do is make our best guess based on current events and by examining past trends.

You don’t have to journey back too far to get an idea of the Peterborough real estate market. Let’s look at the mid-2010s.

Real estate values have always varied based on size, neighbourhood, and structure, yes, even way back then. (We don’t know whether to laugh or cry about thinking of the 2000s as the “olden days.” In any case, it just shows how fast real estate can change!)

According to the Canadian website, the average house price in Peterborough was $340,000 in 2015. That was for a fully detached house, not a condo!

At the same time in Toronto, the average price was $$649,599. That’s the average for all housing types, not just detached homes. In other words, even a Toronto townhouse was nearly double the price of a detached home here. Then (as now), the Peterborough housing market represented excellent value, especially for someone looking to get their first step on the property ladder.

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Looking for some valuable home-buying tips: The posts below can help:

Peterborough Real Estate: The Present

A lot has happened since 2015. Ten years later, in 2025, the average price for a house in Peterborough rose to $704,623, according to the Canadian Real Estate Association. In Toronto, average prices soared to $1,054,372.

What happened? Perhaps most significantly, we faced an unprecedented event, the pandemic. It was mayhem for the real estate market. All at once, everyone decided they wanted to move, primarily to larger, family homes with outdoor space.

There was also a lot of migration from Toronto to Peterborough. Our housing prices skyrocketed and we couldn’t keep a listing on the market. People selling a home laughed all the way to the bank. Home buyers cried as prices soared.

Those who sold first, then bought, laughed first, then cried. It was madness. Then, with the help of a few interest rate hikes, the bustling activity began to slow down.

A few more rate hikes, and the market slowed to a crawl. Everyone began predicting that prices would crash, but minor corrections were all we saw anywhere. Still, it was a rough time for sellers as buyers put their plans on hold. Then the Bank of Canada began lowering the now exorbitant interest rates. Sales picked up, but have yet to reach pandemic levels. All of this shows how challenging it can be to know which direction the market will go at any given time.

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Peterborough Real Estate: The Future

Every one of us waits with bated breath to see what happens next. Are housing prices going down, up, or will they plateau? If the rollercoaster of the past tells us anything, it’s that the answer depends.

So far, there’s no sign of falling prices, at least not significantly. With the number of people who want to buy houses, the market should take off, in theory. However, affordability is also an issue. Even if prices come down, they’re still out of reach for many people.

Plus, as we’ve seen, interest rates and economic uncertainty can also impact the market. Based on everything we know so far, it is hard to predict anything over the short term.

The long-term outlook is a different story. It’s a matter of demographics. More and more people are moving to Peterborough, both from within Canada and abroad.

Increased demand will almost certainly put upward pressure on prices. Over the years, we can confidently predict that, yes, Peterborough real estate will rise in value.

If you’re thinking about buying a home, there is little doubt that it is a solid investment. You end up with more than just a place to live; you’ll own a valuable asset. Together, both aspects combine to bring increased financial security in a city you are sure to love!

Do you have questions about buying or selling a home? Our Peterborough real estate agents are here with the answers you are looking for. Reach out to team@jeffandkatie.ca or call 705-243-9797 to start the conversation today.