Why is EVERYONE talking about Peterborough all the time????
Ok, they aren’t.
But we are!
And here’s why:
As real estate investors we are always watching for a city about to have a boom (increase in property value!) combined with solid economic drivers.
In December 2019 the avg. sale price of a home in Peterborough was $462,657 CAD. Compare that to January 2019 ($416,011 CAD) and note the 11.2% increase. Congratulations to our clients and friends who have invested in Peterborough this year!
Even with this growth, Peterborough still occupies an attractive price range for many first time homeowners or investors. Rental yields are fantastic, combined with a low vacancy rate on units; investor clients are seeing terrific returns. All this to say, Peterborough has a lot of things going for it!
Peterborough benefits from having a diverse range of economic players: from established global companies to locally-grown. Unlike traditional manufacturing communities that tend to focus on one sector, Peterborough has long been a place where industrial, agricultural and cultural businesses cooperate, collaborate and flourish.
Total population of Peterborough was registered at 82,847 (2016) of the residents living directly in the City of Peterborough. The whole region is growing steadily at an 8% increase since 2001.
In December of 2019 the 407 super-highway connected with the main highway into the City. If the past proves true again, this will continue to have a fantastic upward push on property values, industry, population and rental rates near the 407 ETR.