Eastern Ontario
Peterborough
Rank: 26
Universe: 5,909
Vacancies: 1.0% ↓
Rents: $936 ↑
City at Eastern Edge of GTA Offers Beats Job Losses, Offers New Stability
Peterborough’s apartment market is recovering from its sharp downturn in 2009. Volatility may remain while the city works through its new supply, and as the city develops more economic connections with the GTA. Investors should continue to approach this city cautiously, but long term investments may reap rewards.
Market Outlook
- Larger owners will continue to dominate the market, limiting buying opportunities.
- Growing senior demographic presents opportunities for repositioning in that area.
- Potential for student housing exists around the university.