Peterborough, located in Central Ontario along the Otonabee River, is a vibrant city known for its cultural scene, educational institutions, and natural beauty. The city, with a population for 84,775 (2024) people, offers a mix of urban amenities and suburban tranquility, attracting residents and businesses alike. Peterborough is characterized by its historic downtown, waterfront parks, and strong community spirit.

Real Estate Market in the City

Market Characteristics
 

Peterborough’s real estate market is dynamic and competitive, driven by its diverse economy, proximity to Toronto, and diverse housing options. The city’s economy is supported by healthcare, education, manufacturing, and technology sectors, contributing to a resilient and expanding real estate market.

Property Types Available and Prices

  • Detached Houses: Prices range from CAD 400,000 to CAD 1 million, depending on size, location, and proximity to transit and amenities.
  • Semi-Detached Houses and Townhouses: Priced from CAD 350,000 to CAD 600,000, offering family-friendly neighborhoods and modern amenities.
  • Condos: Ideal for urban living, with prices ranging from CAD 200,000 to CAD 500,000..

Attractions and Lifestyles

Peterborough offers a wealth of attractions and lifestyle amenities:

  • Peterborough Lift Lock: Historic canal lock and popular tourist attraction.
  • Riverview Park and Zoo: Free zoo with animal exhibits, playgrounds, and picnic areas.
  • Art Gallery of Peterborough: Showcasing contemporary Canadian art.
  • Local Festivals: Including Peterborough Musicfest and the Peterborough Folk Festival.
  • Recreational Facilities: Parks, trails, and sports complexes for outdoor and indoor activities.

Living in the City

Living in Peterborough provides a dynamic lifestyle with access to cultural events, recreational activities, and diverse amenities. The city offers essential services, including healthcare at Peterborough Regional Health Centre and educational opportunities through local schools and Trent University. Peterborough is known for its safe neighborhoods, economic opportunities, and community engagement.

Summary

Peterborough is a vibrant city that offers a balanced lifestyle with urban conveniences, economic growth, and cultural vibrancy. Its real estate market provides diverse options for buyers seeking luxury homes, family residences, or urban condominiums. With its extensive green spaces, cultural attractions, and community-focused initiatives, Peterborough is an ideal place to live, work, and enjoy the Central Ontario lifestyle.

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