Where to buy real estate in Peterborough in 2019

Downtown-Peterborough-ON-at-dusk-RKHomeowner

(Wikipedia / JKentrandell)

It’s hard to pin down the features that make up a desirable neighbourhood. Some buyers want easy accessibility to the downtown core, while others prioritize privacy and a more rural setting. No matter what tops the list for any one person, the ultimate equalizer is whether or not the property is well-valued and offers future appreciation.

When we examined the neighbourhoods that make up the City of Peterborough and the surrounding counties, we found options that would satisfy both urban dwellers and privacy lovers seeking a cottage-like retreat.

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Top Neighbourhoods

Click Tap column headings to re-rank neighbourhoods. Click Tap on any neighbourhood name to learn more about it.

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Rank	Neighbourhood	Area	Average home price (2017)	Value	Momentum	Average price vs. area	Avg. price vs. metro district	Avg. price vs. outer region	1-year price change	5-year price change	Final Star Rating
1	Peterborough Central	Peterborough City	$345,973	95.45%	88.07%	86.60%	90.59%	78.16%	14.52%	60.67%	★★★★
2	Asphodel-Norwood Twp	County	$368,402	97.73%	70.45%	83.23%	76.97%	83.23%	10.40%	54.01%	★★★★
3	Peterborough South	Peterborough City	$347,051	93.18%	82.39%	86.87%	89.92%	78.40%	7.58%	67.33%	★★★★
4	Peterborough East	Peterborough City	$398,632	79.55%	86.36%	99.78%	98.48%	90.05%	8.75%	61.09%	★★★★
5	2 South	Peterborough City	$380,730	86.36%	67.05%	95.30%	98.64%	86.01%	8.65%	59.71%	★★★½
6	2 Central	Peterborough City	$379,008	90.91%	74.43%	94.87%	99.24%	85.62%	8.03%	60.61%	★★★½
7	1 South	Peterborough City	$397,119	81.82%	67.61%	99.40%	102.89%	89.71%	9.59%	59.78%	★★★½
8	2 North	Peterborough City	$395,561	84.09%	75.57%	99.01%	97.89%	89.36%	8.94%	60.60%	★★★½
9	4 Central	Peterborough City	$402,632	70.45%	78.98%	100.78%	105.43%	90.96%	9.09%	60.38%	★★★½
10	4 South	Peterborough City	$401,978	75.00%	65.91%	100.62%	104.15%	90.81%	8.75%	60.00%	★★★½
11	Peterborough North	Peterborough City	$406,633	59.09%	80.11%	101.78%	100.64%	91.86%	5.80%	63.40%	★★★½
12	3 South	Peterborough City	$402,948	68.18%	65.91%	100.86%	104.40%	91.03%	7.91%	60.08%	★★★½
13	3 Old West End	Peterborough City	$418,556	52.27%	73.30%	104.77%	96.68%	94.56%	8.33%	60.11%	★★★½
14	5 West	Peterborough City	$404,959	63.64%	66.48%	101.36%	93.54%	91.48%	9.20%	59.62%	★★★½
15	1 Central	Peterborough City	$399,990	77.27%	64.20%	100.12%	104.74%	90.36%	9.60%	58.66%	★★★½
16	5 East	Peterborough City	$410,972	54.55%	78.98%	102.87%	101.52%	92.84%	8.97%	60.22%	★★★½
17	4 North	Peterborough City	$403,086	65.91%	53.98%	100.89%	99.76%	91.06%	8.62%	58.54%	★★★
18	3 North	Peterborough City	$410,796	56.82%	71.59%	102.82%	101.67%	92.80%	8.04%	60.20%	★★★
19	1 University Heights	Peterborough City	$402,442	72.73%	59.09%	100.73%	99.60%	90.92%	9.71%	58.13%	★★★
20	1 North	Peterborough City	$405,885	61.36%	63.07%	101.60%	100.45%	91.69%	9.27%	59.30%	★★★
21	Otonabee-South Monaghan Twp	County	$419,986	88.64%	40.91%	94.88%	87.75%	94.88%	-1.19%	58.86%	★★★
22	Havelock-Belmont-Methuen Twp	County	$325,934	100.00%	3.98%	73.63%	68.10%	73.63%	1.06%	16.53%	★★★
23	Douro Dummer Twp	County	$592,076	2.27%	97.73%	133.76%	123.71%	133.76%	10.02%	70.71%	★★★
24	Cavan Monaghan Twp	County	$525,903	9.09%	71.59%	118.81%	109.88%	118.81%	-4.24%	62.94%	★★½
25	Peterborough West	Peterborough City	$475,261	6.82%	74.43%	118.96%	109.78%	107.37%	9.07%	59.82%	★★½
26	Selwyn Township	County	$529,530	4.55%	74.43%	119.63%	110.64%	119.63%	12.10%	60.22%	★★½
27	Millbrook Village	County	$479,591	43.18%	19.89%	108.34%	100.21%	108.34%	5.85%	50.93%	★★½
28	Douro Township	County	$478,448	45.45%	29.55%	108.09%	99.97%	108.09%	5.80%	51.57%	★★½
29	Chandos Township	County	$484,526	29.55%	38.07%	109.46%	101.24%	109.46%	6.65%	52.84%	★★½
30	BurleighAnstruther Township	County	$484,415	31.82%	37.50%	109.43%	101.21%	109.43%	5.39%	53.56%	★★
31	GalwayCavendish Township	County	$483,031	34.09%	29.55%	109.12%	100.92%	109.12%	5.50%	52.00%	★★
32	Lakefield Village	County	$465,535	50.00%	8.52%	105.17%	97.27%	105.17%	2.47%	48.65%	★★
33	Cavan Twp	County	$485,757	25.00%	30.68%	109.74%	101.49%	109.74%	5.63%	52.70%	★★
34	Dummer Township	County	$480,963	38.64%	14.77%	108.65%	100.49%	108.65%	3.83%	50.94%	★★
35	Harvey Township	County	$482,928	36.36%	27.84%	109.10%	100.90%	109.10%	3.95%	52.93%	★★
36	Belmont-Methuen	County	$493,743	15.91%	42.61%	111.54%	103.16%	111.54%	5.72%	55.15%	★★
37	Havelock Village	County	$495,548	13.64%	31.82%	111.95%	103.54%	111.95%	4.36%	53.27%	★★
38	North Monaghan (Twp)	County	$480,521	40.91%	23.86%	108.55%	100.40%	108.55%	6.04%	51.16%	★★
39	Ennismore Township	County	$473,697	47.73%	10.80%	107.01%	98.97%	107.01%	2.81%	49.65%	★★
40	Asphodel Township	County	$487,923	20.45%	34.09%	110.23%	101.95%	110.23%	4.65%	53.32%	★★
41	Otonabee Township	County	$485,080	27.27%	22.73%	109.58%	101.35%	109.58%	4.87%	51.37%	★★
42	Trent Lakes (Muni)	County	$502,654	11.36%	30.11%	113.55%	105.02%	113.55%	7.93%	51.53%	★★
43	Norwood	County	$487,663	22.73%	17.05%	110.17%	101.89%	110.17%	4.66%	51.22%	★★
44	North Kawartha Twp	County	$492,726	18.18%	3.98%	111.31%	102.95%	111.31%	-12.64%	36.27%	★½

Value: Measures how affordable the neighbourhood is compared to the surrounding area and the region overall
Momentum: Measures how quickly prices are appreciating in this neighbourhood, with an emphasis on long term appreciation

For more, please see our complete methodology

Peterborough’s top 3 neighbourhoods to buy

1. Peterborough Central

Urban dwellers will want to check out this year’s No. 1 community, Peterborough Central. This neighbourhood is within easy walking distance of all amenities and, for those who work downtown, the commute is super easy. Better still, average house prices are 14.4% cheaper than surrounding communities, and just over 9% cheaper than average home prices in the Greater Peterborough Area. The last five years have seen prices appreciate by 61%—and there’s still room to grow based on current value. So it’s a great buy.

2. Asphodel-Norwood

If you’re looking for a bit more privacy, consider this year’s No. 2-ranked neighbourhood, located east of Peterborough. The township of Asphodel-Norwood offers the best of rural life with main streets, central churches and barn-board barns on large acreages, but within an easy 30-minute drive of the city. Average home prices here are 13% less than Greater Peterborough average rates, and house hunters get a large variety of properties to pick from, including turn-of-the-century farms, pond-side ranchers, and four-bedroom, two-bath family homes.

3. Peterborough South

If your family loves sports, live events or shopping, the No. 3-ranked neighbourhood might be the ideal place for you to to put down roots.

Peterborough South is home to the Memorial Centre, where the city’s Ontario Hockey League Team, the Peterborough Petes, play, as well as the Peterborough Lakers lacrosse team. Peterborough Memorial Centre also hosts major concerts and events (Snoop Dogg played there in the spring of 2019).

This neighbourhood is home to the city’s largest mall, the two-storey Landsdowne Place, where you can find the usual chain stores.

Property in this community gets snapped up pretty quickly, with homes lasting an average of 22 days on the market in 2018. And according to our statistics, the neighbourhood offers both good value and momentum, as well as better-than-average realtor scores. Average housing prices in Peterborough South are 10% cheaper than the average for the area, and more than 20% below the average housing price Greater Peterborough.

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