Photo: GTD Aquitaine · Public domainHome values in Peterborough run 28% lower than the median of Ontario’s towns
That is a median of $500,000 at the 2021 census, set beside $695,000 for Ontario’s towns. Statistics Canada doesn’t publish sales in Ontario, so nothing here says what Peterborough’s homes actually sold for. Assessors valued the median residential property at $258,000 for 2024. Ontario still assesses at 2016 values (MPAC’s 1 January 2016 base): a figure to set against other Ontario towns, not against prices.
Peterborough’s homes, by two sources
Two sources, each set against Ontario’s towns only: provinces measure value differently, so they don’t line up across borders. What owners reported in May 2021 is an opinion of value; interest rates and prices have both moved since.
median, owners’ estimate
- Average
- $554K
- Owners
- 21,370
- Ontario’s towns
- $695K
- The typical Canadian town
- $406K
all residential, MPAC 2016 base
- Ontario’s towns
- $232K
Census 2021 (Statistics Canada); Canadian Housing Statistics Program, tables 46-10-0099 and 46-10-0093; Québec rôle d’évaluation foncière 2026 (MAMH).
Detached houses make up 80% of Peterborough’s residential properties
Assessors listed 27,270 residential properties in Peterborough for 2024, 80% of them detached houses and 4% condos.
Median assessment by type, 2024 the tick is the median of Ontario’s towns
Canadian Housing Statistics Program, table 46-10-0093 (2024): residential properties on the assessment roll, vacant land left out. The ticks are the median of Ontario’s towns with their own figure; assessments compare within a province only.
14% of Peterborough’s households are in core housing need, against 9% for Ontario’s towns
The 2021 census counted 35,980 occupied homes in Peterborough; 57% of them are single-detached houses. Half or more were standing by 1980.
Homes by period of construction the tick is the median of Ontario’s towns
Homes by kind
| Peterborough | Ontario | Canada | |
|---|---|---|---|
| Condominiums | 6% | 7% | 8% |
| Needing major repairs | 6% | 6% | 6% |
| Too small for the household | 4% | 5% | 3% |
| Households in core housing need | 14% | 9% | 7% |
Census 2021 (Statistics Canada): occupied private dwellings; core housing need as Statistics Canada defines it. Ticks and columns are medians of the towns and neighbourhoods of 2,500 or more.
Peterborough permitted 10.6 new homes a year per 1,000, below the 15 of Ontario’s towns
Over 2018–2023, 2,133 homes were permitted in Peterborough, close to 356 each year. About 31% went into single-unit buildings, where Ontario’s towns built 66%. Peterborough shares its monthly permits numbers with the rest of the Peterborough metro area.
Most in 2020: 488 new homes
New homes a year per 1,000 homes
293 new homes in the 12 months to August 2026, up 24% on the year before
Statistics Canada, tables 46-10-0087 (building permits by census subdivision, 2018–2023: dwelling units created, new construction and conversions) and 34-10-0292 (monthly, metro areas). Per 1,000: units a year over 2019–2023 against occupied homes in 2021.
Peterborough is 28% below the $695,000 median of Ontario’s towns
The census values of Ontario’s towns, 871 of them with 2,500+ people, from dearest to cheapest.
Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.
Peterborough’s neighbours by home value
The places around Peterborough at the 2021 census: median and average value, and how many own.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Peterborough | $500K | $554K | 59% | |
| Otonabee-South Monaghan | $600K | $651K | 90% | 11.3 |
| Bridgenorth | $624K | $725K | 90% | 11.9 |
| Millbrook | $700K | $740K | 91% | 16.1 |
| Douro-Dummer | $600K | $715K | 95% | 18 |
Census 2021 values; km.
Questions about property prices in Peterborough
Is Peterborough expensive for Ontario?
Below the norm for Ontario’s towns, whose median home is worth $695,000; Peterborough’s is worth less.
Sources: Statistics Canada, Census of Population 2021 · Statistics Canada, Canadian Housing Statistics Program · Statistics Canada, building permits (tables 46-10-0087 and 34-10-0292). Under the Statistics Canada Open Licence.
Adapted from Statistics Canada (Census of Population 2021, population estimates 2025, 2021 census boundaries) under the Statistics Canada Open Licence; this does not constitute an endorsement by Statistics Canada. Neighbourhood names in some cities © OpenStreetMap contributors (ODbL).