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Peterborough Named One of Best Canadian Real Estate Hubs

Peterborough has made it on Moneysense’s 2015 list of “Canada’s Top Cities to Buy Real Estate In.”  It took the 21st stop on a list of 35 cities.  Magazine editors looked at average prices of homes, rental possibilities and income.  The list says you can get a home in Peterborough for under $280,000 on average and that it would take you just over three years to pay that off, based on a typical income there.  The average rent increase over five years was nine percent.  Thunder Bay, Calgary and Barrie were the top three cities.  Kingston came in at 23rd place and Ottawa took the 25th spot.

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