Eastern Ontario
Peterborough Real Estate Appraisals
Residential, Commercial & Industrial Property Appraisals in Peterborough, Ontario
Property appraisals in Peterborough and the Kawarthas. Our AACI-designated team delivers reliable valuations for residential, commercial, recreational, and waterfront properties.
Peterborough Real Estate Market – Q2 2026
Peterborough entered Q2 2026 as a market benefiting from its position as the largest city in the Kawarthas, offering waterfront access on the Otonabee River and Trent-Severn Waterway, a growing technology sector, and more affordable housing than the GTA.
Residential sales in Peterborough improved through the spring of 2026, supported by lower borrowing costs and continued demand from retirees, remote workers, and buyers priced out of the GTA. The city continued to attract buyers seeking more affordable housing with recreational access.
Waterfront and near-waterfront properties on the Otonabee River and Trent-Severn Waterway remained in demand through Q2 2026, with values supported by limited supply and strong recreational appeal.
Commercial activity in Peterborough downtown and along Lansdowne Street remained steady through Q2 2026, supported by the growing residential population and the city role as the primary service centre for the Kawarthas.
Residential Real Estate Market in Peterborough – Q2 2026
Peterborough residential market is characterized by a mix of older established neighbourhoods, newer subdivisions, and waterfront properties on the Otonabee River and Trent-Severn Waterway. The city offers more affordable housing than the GTA, making it attractive to retirees, remote workers, and first-time buyers.
Detached homes in Peterborough typically trade in the $500,000 to $800,000 range depending on size, age, and location, while waterfront properties command significant premiums. Condominiums in the urban core generally fall between $300,000 and $500,000.
The Peterborough market benefits from Trent University and Fleming College, which support a significant student population and rental market. The city is approximately 90 minutes from Toronto by car via Highway 115.
Rural and recreational properties in the surrounding Kawarthas region represent a distinct segment of the market, with waterfront cottages on the Kawartha Lakes commanding significant premiums.
What did Q2 2026 mean for Peterborough buyers?
Buyers in Peterborough benefited from improved affordability and a more balanced market through the spring of 2026. The city continued to attract GTA buyers seeking more affordable housing with recreational access, while local buyers benefited from improved listing inventory and continued price moderation.
Peterborough Q2 2026 Residential Market Snapshot
| Indicator | Q2 2026 Quarter-End |
|---|---|
| Market area | Peterborough / Kawarthas |
| Detached range | $500K to $800K |
| Condo range | $300K to $500K |
| Drive time to Toronto | Approx. 90 min |
| Market condition (Q2 2026) | Balanced |
REX Valuations market analysis; Peterborough and Kawarthas Association of Realtors data, Q2 2026.
Residential Neighbourhoods in Peterborough
Peterborough contains a range of housing markets, and values can differ materially across relatively short distances.
Downtown Peterborough
Downtown Peterborough along George Street has a vibrant mix of restaurants, boutiques, and cultural venues. Residential properties near the downtown include older Victorian-era homes and newer condominium developments.
East City
East City is an established residential neighbourhood east of the Otonabee River, with a mix of older homes and newer development. The area has a distinct community character and is popular with families and retirees.
Trent University Area
The Trent University area contains a mix of residential properties and student housing, with demand supported by the university and Fleming College.
North End
The north end of Peterborough contains newer subdivisions and established residential areas, popular with families seeking newer construction and proximity to schools and amenities.
Commercial Real Estate Market in Peterborough – Q2 2026
Peterborough serves as the primary commercial and service centre for the Kawarthas, with retail, office, and industrial uses concentrated along Lansdowne Street, Chemong Road, and in the Peterborough Business Park.
Industrial activity in Peterborough is concentrated in the Peterborough Business Park and along Highway 115, with access to the broader Eastern Ontario road network.
Tourism and hospitality represent a growing component of the Peterborough commercial market, supported by the Trent-Severn Waterway and proximity to the Kawartha Lakes recreational corridor.
Industrial Property in Peterborough
Peterborough industrial inventory is concentrated in the Peterborough Business Park and along Highway 115, with access to the broader Eastern Ontario road network.
Industrial buildings in Peterborough range from older multi-tenant units to newer single-tenant facilities. Ceiling heights, truck-level and drive-in doors, and proximity to Highway 115 are key valuation variables.
Q2 2026 saw continued demand for industrial space in Peterborough from logistics, distribution, and manufacturing users.
Valuation of industrial properties in Peterborough relies on analysis of comparable sales and lease transactions in the Peterborough area and broader Kawarthas industrial market.
Key industrial valuation factors
- Highway 115 access
- Peterborough Business Park location
- Clear ceiling height
- Truck-level and drive-in door count
- Bay size and column spacing
- Office percentage
- Lot coverage and yard area
- Age and condition of building
- Zoning and permitted uses
Office and Commercial Property in Peterborough
Office space in Peterborough is concentrated in the downtown core and along Lansdowne Street, serving local professional, medical, and government businesses.
Medical and dental offices are a significant component of the local office market, supported by the growing residential population and Peterborough role as the healthcare centre for the Kawarthas.
Retail and Mixed-Use Property in Peterborough
Retail activity in Peterborough is concentrated in the downtown core along George Street and in community shopping centres along Lansdowne Street and Chemong Road.
Retail values are influenced by traffic counts, visibility, parking, and the strength of anchor tenants. Peterborough serves as the primary retail destination for the Kawarthas region.
What Drives Real Estate Values in Peterborough?
Peterborough economy is anchored by healthcare, education, manufacturing, retail, and local services. Peterborough Regional Health Centre, Trent University, and Fleming College are among the largest employers.
Education and Healthcare
Trent University, Fleming College, and Peterborough Regional Health Centre are major employers in Peterborough, supporting a significant student population and healthcare workforce. These institutions provide a stable floor under residential demand.
Manufacturing and Logistics
Manufacturing and logistics are significant employment sectors in Peterborough, with facilities in the Peterborough Business Park. General Electric and other manufacturers have historically been major employers in the city.
Retail, government, construction, and tourism also contribute to the Peterborough employment base.
Major Commercial and Employment Areas in Peterborough
Peterborough Business Park
The Peterborough Business Park is the primary industrial and employment area in Peterborough, hosting manufacturing, warehousing, and distribution operations with Highway 115 access.
Lansdowne Street Corridor
The Lansdowne Street corridor contains a mix of retail, service commercial, and office uses serving the local and regional population.
Downtown Peterborough
Downtown Peterborough along George Street contains retail, restaurant, office, and hospitality uses, supported by the local population and tourism.
Transportation and Accessibility
Peterborough is served by Highway 115 running through the city, providing access to Highway 401 and the GTA to the south. The city is approximately 90 minutes from Toronto by car.
Public transit in Peterborough is provided by Peterborough Transit, with local bus service within the city. Most residents rely on private vehicles for daily transportation and commuting.
Highway 115 and Highway 35
Highway 115 connects Peterborough to Highway 401 and the GTA to the south. Highway 35 provides access to the Kawartha Lakes recreational corridor to the north.
Trent-Severn Waterway
The Trent-Severn Waterway runs through Peterborough, providing recreational boating access to the Kawartha Lakes and Georgian Bay. The waterway supports tourism and recreational property values.
Development, Planning and Zoning in Peterborough
Peterborough is governed by the City of Peterborough Official Plan, which establishes land use designations, growth boundaries, and policies for residential, commercial, industrial, and waterfront development.
The Trent-Severn Waterway corridor is subject to specific planning policies and Conservation Authority regulations that balance public access, environmental protection, and private development.
What Affects Property Value in Peterborough?
There is no single "Peterborough price per square foot" that reliably determines market value. A professional appraisal considers the specific competitive market for the property, rather than applying a municipal average to an individual asset.
Residential
- –Waterfront vs. inland location
- –Proximity to Trent University
- –Downtown vs. suburban location
- –Age, size, and condition of dwelling
- –Rental income potential (student housing)
- –Highway 115 commute access
Commercial & Industrial
- –Highway 115 access
- –Peterborough Business Park location
- –Zoning and permitted uses
- –Building age and condition
- –Parking availability
- –Tenant mix and lease terms
Vacant & Development Land
- –Waterfront designation
- –Development potential
- –Servicing availability
- –Frontage and access
- –Environmental constraints
Real Estate Appraisal Services in Peterborough
REX Valuations provides appraisal and valuation services for a range of Peterborough properties, including commercial, office and industrial properties; residential properties; vacant and development land; investment properties; and specialized real estate.
Assignments may be required for
- Financing
- Acquisition or disposition
- Estate matters
- Matrimonial proceedings
- Litigation support
- Property taxation
- Expropriation
- Insurance
- Investment analysis
- Retrospective valuation
Peterborough Real Estate Appraisal – Quick Answers
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