There are a variety of property types to choose from when looking for real estate in Peterborough. There are 163 houses, 2 townhouses, and 8 condos for sale. For past listings, search our Peterborough sold listings and Peterborough expired listings The average listing price in Peterborough for all home types is $502,554, which is 12% higher than April 2018. The average list price differs significantly when broken down by home type. The average listing price of a house is $511,226, $569,900 for a townhouse, and $373,050 for a condo. There are many popular cities surrounding Peterborough, including Clarington, Kawartha Lakes, Oshawa, Whitby, Ajax, Pickering, Belleville that offer a variety of home prices and unique areas to live. Peterborough also has many options for renters with 172 active rental listings and an average lease price of $1,450.
Peterborough is home to 23 unique neighbourhoods. Popular neighbourhoods include Downey, with 18 active real estate listings, Jackson Creek, with 15 active real estate listings, and Monaghan, with 13 active real estate listings.
Residents of the City of Peterborough are expected to pay property taxes on all residences that they own. Property taxes can usually be found on each active Zoocasa listing, or can be looked up here. As of 2017, the estimated property tax residents can expect to pay is 1.435%.
There is currently no municipal land transfer tax in effect in Peterborough but the provincial land transfer tax still applies to all property purchases. First-time home buyers in Ontario may quality for a provincial land transfer tax rebate of up to $4,000.
See below for provincial land transfer tax rates.
Ontario Land Transfer Tax Rates
|Ontario Land Transfer Tax Rates|
|$0 - $55,000||0.5%|
|$55,000.01 - $250,000||1.0%|
|$250,000.01 - $400,000||1.5%|
|$400,000.01 - $2,000,000||2.0%|
Peterborough Land Transfer Example:
Purchase price = $600,000
|Purchase Price||Subtract Tax Brackets||Rate||Non 1st Time Buyer Tax Payable||1st Time Buyer Tax Payable|
|$0 - $55,000||$55,000||0.5%||$275||$0|
|$55,000 - $250,000||$195,000||1.0%||$1,950||$0|
|$250,000 - $400,000||$150,000||1.5%||$2,250||$475|
|$400,000 - $600,000||$200,000||2.0%||$4,000||$4,000|
|Non 1st Time Buyer||1st Time Buyer|
Known as the gateway to the Kawarthas or “cottage country”, Peterborough is a city on the Otonabee River in Central Ontario, just 125 km northeast of Toronto. According to the recent 2016 Census, the population of Peterborough is 81,032 and the population of the Census Metropolitan Area, which includes surrounding Townships of Selwyn, Cavan Monaghan, Otonabee-South Monaghan, and Douro-Dummer, was 121,721.
Peterborough is manufacturing-based economy and is home to mutli-national companies like Siemens, Rolls Royce, and General Electric. According Remax, Peterborough is the best place to retire in Canada, with an average population age of 44.
As of the Canada 2016 Census, there are 81,032 people in the city of Peterborough. This represents a 2.9% growth from the 2011 Census population of 78,777. This is comparatively less than both Ontario’s overall growth rate of 4.6% and Canada’s growth rate of 5.0%. A majority of the population in the city is of white ethnicity at 94.2%. The largest visible minority groups in the city include Chinese, South Asian and Black residents.
The Kawartha Pine Ridge District School Board governs 74 elementary schools and 14 secondary schools across the city with 32,036 students.
|Elementary School Name||Fraser Rating (out of 10.0)|
|Secondary School Name||Fraser Rating (out of 10.0)|
There are two major shopping centres in Peterborough: Lansdowne Place and Peterborough Square. Street retail shops are also available in the downtown area of the city.
There are currently no professional sports teams that call Peterborough home. Most residents in the city visit Toronto to watch professional sports.
There are currently no regulations in place for short-term rental platforms like Airbnb in the city of Peterborough.
Peterborough Transit is the main transit system, operating a fleet of buses which service the entire city. There are currently no plans for any rapid transit systems to be implemented in the city. A majority of major routes run from 6:00 a.m. until 11:30 p.m., Monday to Saturday, and 8:00 a.m. to 7:30 p.m. on Sunday. A one-way fare on the Peterborough Transit system is $2.50 for adults, children and seniors. A monthly pass can be purchased for $60 a month for adults, $40 a month for children, $55 for students and $40 for seniors.
The Peterborough Airport is classified as an airport entry for Nav Canada and can only accommodate general aviation aircrafts. This means that there are no more than 15 passengers per flight and no commercial airlines fly into the Peterborough Airport. Residents of Peterborough will need to visit Toronto Pearson International Airport for their air travel needs.
The biggest taxi company that operates in Peterborough is Capitol Taxi. Because taxis are difficult to hail on the go, it is best to book in advance or visit a train station or hotel where they are usually parked waiting for passengers.
Uber is currently not in service in Peterborough and there are no plans to have the service available in the near future.
The King’s Highway 115 is the provincially-maintained highway that connects Peterborough with Toronto via Highway 401. This, along with Highway 28, are the only two highways that run through the city of Peterborough. The construction of the 407-toll expressway will bring traffic directly from Toronto to Peterborough in 2020.
The only hospital in the city of Peterborough is the Peterborough Regional Health Centre which is located just west of the city and the Otonabee River.