Is Peterborough Ontario A Good Place To Invest In Property?

Peterborough & the Kawarthas offers affordability as a place to live and to work. Peteborough ranked in the top 21 places in Canada to buy real estate by MoneySense Magazine (2020).

Is it good to invest in Peterborough?

Peterborough property values have increased by almost 200% over the last 20 years. Of course, buying at the right price is a critical element of this investment, but so is finding the right tenants that will look after your property, ensuring its value is maintained, as well as paying the rent on time.

Is Peterborough good for real estate?

Peterborough – an ideal location for commuters
As Toronto’s home prices skyrocket, more people are looking for affordable locations where they can commute to major metropolitan areas. Peterborough is ideal in that regard.

Is Peterborough up and coming?

Peterborough has sometimes been given a bad name over the years – but this bustling up and coming city in the East of England has a lot to offer those making the move.

What is the housing market like in Peterborough?

The overall MLS® HPI composite/single-family benchmark price was $688,800 in September 2022, an increase of 6.2% compared to September 2021. The average price of homes sold in September 2022 was $726,862, a decline of 4% from September 2021.

What is the best area in Peterborough to live?

One of the favoured places to live in Peterborough is Yaxley. It consists of a wide range of houses such as big, detached homes, terraced and bungalows so there is something to suit everyone. Yaxley is close to Middletons Road Recreation Ground, a few pubs and eateries and a couple of schools.

Are people moving to Peterborough?

Cormier isn’t the only one attracted to the area, as thousands of new residents have been flocking to the Peterborough region, even before the pandemic. COVID-19 and remote work have also made the area even more attractive, with bidding wars becoming the norm.

Are house prices dropping in Peterborough?

For the first eight months of the year, home sale prices in Peterborough averaged $805,852, up 15 per cent from the $700,948 average from January to August of 2021, but sales for the same periods have fallen 24.2 per cent this year, the survey found.

Which city is best to buy a house Ontario?

Toronto (GTA)
Long-term, investing in the Toronto core or the Greater Toronto Area in 2022 makes sense. Prices on average are higher than other cities, but the long-term demand for this key area of Ontario is unmatched.

Is Peterborough expanding?

The Downtown Peterborough Growth Plan is aimed at growing a community that is considered a unique hidden gem within the GGH by achieving a minimum growth density target of 150 residents and jobs per hectare by 2031.

Are house prices rising in Peterborough?

Most Popular. In the UK, house prices surged by 15.5 per cent in the year to July – the biggest rise in 19 years. Over the last year, the average sale price of property in Peterborough increased by £33,000.

What is happening to Peterborough market?

The new city market will be located along Bridge Street. Initially, it will comprise of: Food Hall – A new state-of-the-art indoor Food Hall with two butchers and a fishmonger, located in the old Customer Contact Centre.

Where is the works moving to in Peterborough?

The new hub, due to be completed in 2022, will house 1,000 civil servants from HM Passport Office and the Department for Environment, Food and Rural Affairs, at the Fletton Quays development in Peterborough city centre.

Will house prices drop in Ontario 2023?

And while RE/MAX experts suggest that “apart from Oakville and Muskoka, average residential sale prices in Ontario are likely to remain steady or decrease between two to 10 per cent in the fall months,” the same forecast predicts “the Greater Toronto housing market is expected to regain balance in 2023, albeit with low

Will housing prices drop in Ontario in 2022?

Average home prices are estimated to climb 8.3 per cent in 2022 and slip 5.3 per cent in 2023. “By province, home sales and prices are likely to decline the most in B.C. and Ontario, on average, in 2022 and 2023,” the bank said.

Will house prices drop in Ontario 2024?

TD is projecting a strong rebound for Canada’s housing market in 2024. The bank expects home sales to jump by more than 19% in 2024 and prices to increase by 6%.

Where should I live in Peterborough Ontario?

The Four Most Family-Friendly Neighbourhoods in Peterborough

• East City. The East City neighbourhood, which was formerly called the Village of Ashburnham, sits just to the east of the Otonabee River and contains many attractive older homes.
• The Avenues/The Old West End.
• Hospital Area.
• Stewart Street.

Why should I move to Peterborough?

Peterborough & the Kawarthas offers a unique quality of life with its mix of urban creature comforts, cottage country relaxation and farm freshness. There are no other communities in Ontario that offer the best of rural, urban and lakeside living.

Is Peterborough cheaper than Toronto?

Cost of Living Comparison Between Toronto and Peterborough
You would need around 5,775.60C$ in Peterborough to maintain the same standard of life that you can have with 7,200.00C$ in Toronto (assuming you rent in both cities). This calculation uses our Cost of Living Plus Rent Index to compare cost of living.

What is the main industry in Peterborough?

With five high performing business sectors – advanced engineering & manufacturing, agri-tech, food & drink, digital & creative, energy & environment and financial services – Peterborough fares well during national and global economic downturns with increased investor confidence underpinned by the city’s ambitions and

Is Peterborough conservative or liberal?

Peterborough—Kawartha