Average sale price, City of Peterborough
$571,456As of October 2026.Source
Average sale price, City of Peterborough, a year earlier
$548,856As of October 2025.Source
Active listings, City of Peterborough
321As of October 2026.Source
Population of the City of Peterborough
83,651As of 2021 Census.Source
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In 2021 Peterborough counted 83,651 people, inside a metropolitan area of 128,624. It sits in the Kawarthas, east of the Greater Toronto Area, where homes cost well under GTA levels.

Peterborough’s $571,456 average and 93 sales

As reported by CENTURY 21 United Realty, citing CLAR and TRREB MLS data, the City of Peterborough’s October 2026 average sale price was $571,456, up from $548,856 a year earlier, a rise of about 4.1%. Ninety-three homes sold, down from 98, and active listings were 321, down from 348. Homes averaged 41 days on the market.

We use the city figure because the Central Lakes county figures we found conflicted. This is a brokerage’s summary, not the association’s own release.

The room your equity leaves

The Financial Consumer Agency of Canada’s 80% limit gives these Peterborough results. At the city average, an owner with a $330,000 mortgage has $127,165 of room. A $45,000 loan leaves $82,165.

Prices here sit well below the GTA figures, so loans tend to be smaller, and fees weigh more on smaller loans. Keep an eye on them in the calculator.

A smaller loan does not shrink the fixed costs. On the $45,000 example, a lender fee, a legal bill and an appraisal together can take a visible share of the cash you receive, so ask for the full cost in dollars before you compare offers, and consider whether a bank line of credit would do the job for less.

Job changes and what a lender asks

We did not open a sourced list of Peterborough employers or layoffs, so this page names none. A lender asks about your own job: how long you have held it, whether the pay is salary or hours, and what happened if you recently changed.

If your own job has changed, a lender will want to see how, and for how long you have been in the new role. A recent change does not rule out a loan, but it will be explained.

Estates, taxes and older owners

When an inherited home stays with one sibling, a buyout of the others is a common use of equity. The second example shows one: a $548,856 home with no mortgage and a loan of $365,904 to pay two siblings. Read the estate buyout page for the paperwork, and speak to a lawyer first.

If the pressure is a tax bill, read the CRA debt page before borrowing, since a Licensed Insolvency Trustee may offer options that do not put your house behind a loan. If it is credit cards, the debt consolidation page shows the cost. Older owners can also weigh a reverse mortgage.

Fees, and the arrears backdrop for Peterborough

Ontario’s land transfer tax applies on a purchase. We found no such tax for registering a second mortgage, as the Ontario page sets out. For a buyout, ask a lawyer about fees on the transfer of title. Budget for an appraisal, the registration fee and any lender or broker fee.

CMHC’s October 2026 release put Ontario arrears at 0.32% in the second quarter of 2026 and said the pressure is concentrated in the Greater Toronto and Hamilton Area and Southwestern Ontario. It did not name Peterborough. It said delinquencies on cards, auto loans and lines of credit are rising across Ontario.

The city and the county

The City of Peterborough added 3.2% in five years, from 81,032 to 83,651 residents between the 2016 and 2021 Censuses, while the metropolitan area grew 5.7% to 128,624.

City and county figures differ in this part of Ontario, which is why we quote the city number and say where it comes from. If you live outside the city limits, on a rural lot, your home may be valued on a different set of sales. Ask any lender or appraiser which comparables they use for your address. Two homes a few kilometres apart can sit in very different price bands, and a lender that uses the wrong set will undervalue yours or, worse, overvalue it and offer a loan that leaves you no margin.

Where to take Peterborough numbers for a licensed read

Private lenders are reached in Ontario through Level 2 agents and brokers, and the licence number is yours to check. If you want your Peterborough figures reviewed, start with the options form.

A Peterborough home at the October 2026 city average

The $571,456 value is the October 2026 average sale price for the City of Peterborough, used as a stand-in for an appraisal. The $330,000 first mortgage and $45,000 new loan are made up. The 80% ceiling is the FCAC limit for second mortgages.

Home value used
$571,456
Equity before the loan
$241,456

$571,456 minus $330,000

80% of the home value
$457,165

$571,456 x 0.8

Combined loan-to-value with a $45,000 loan
65.6%

$375,000 divided by $571,456

Room under an 80% ceiling before the loan
$127,165

A $45,000 loan fits with $82,165 of room left. A long-held home with a modest mortgage gives a lender plenty of margin.

Illustration only. The figures are made up to show the arithmetic. They are not a quote, a rate or an offer.

A Peterborough sibling buyout at the October 2025 average

The $548,856 value is the October 2025 average sale price for the City of Peterborough, used as a stand-in for the home's value. Three siblings inherit it equally and one keeps it, paying two shares. There is no first mortgage. The share split is made up and is not legal advice.

Home value used
$548,856
One sibling's one-third share
$182,952

$548,856 divided by 3

Buyout loan for two shares
$365,904

$182,952 x 2

80% of the home value
$439,085

$548,856 x 0.8

Room left after the buyout loan
$73,181

The buyout loan is 66.7% of the value and fits under the ceiling with $73,181 to spare. Costs and the keeper's income, not the ceiling, are the hard part.

Illustration only. The figures are made up to show the arithmetic. They are not a quote, a rate or an offer.

Questions people ask

Where does the Peterborough price figure come from?

It comes from a local brokerage's monthly analysis of Central Lakes Association of REALTORS and TRREB MLS data for the City of Peterborough only. We could not open the association's own release, and the county figures we saw conflicted, so we use the city number.

Does a recent job change stop me borrowing in Peterborough?

Not automatically. A lender wants to see how and why your work changed and how long you have been in the new role. Pay records and an employer letter help, and local employer history sets no lending rule.

Do falling active listings in Peterborough change my plan?

Active listings were 321 in October 2026 against 348 a year earlier, with 93 sales against 98. Fewer listings can steady prices, but with so few sales a handful of deals can move the average. A lender still values your own home from comparable sales.

Can a second mortgage help if I owe the CRA?

It can pay the bill, but it moves a tax debt onto your home. Read the CRA debt page first and consider speaking to a Licensed Insolvency Trustee, who can look at options that do not use your house as security.

How does Peterborough's price compare with a year earlier?

The City of Peterborough average rose 4.1%, from $548,856 in October 2025 to $571,456 in October 2026, even as sales slipped from 98 to 93. An average is only a guide, so ask for an appraisal before planning around it.

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Sources