Toronto Residents coming to Peterborough and the Kawarthas

Thursday Aug 02nd, 2018




Located a 90 minute drive northeast of Toronto, Peterborough and the Kawarthas is a popular destination for recreational property buyers, particularly from the Greater Toronto Area. The area features many picturesque communities, including Lakefield, Bridgenorth and Buckhorn, among scenic lakes, rivers, wilderness and farmland.

Buyers are attracted to the Kawarthas for the region’s classic Ontario cottage country feel, and relative affordability compared to the Muskokas. Many recreational properties in this area are winterized, allowing cottagers to enjoy year-round activities, including swimming, boating and hiking in the summer, and skiing, snowmobiling and ice fishing in the winter. Cultural festivals, agricultural fairs, art studio tours and antique stores draw people to the region throughout the year.

With the lack of affordable homes in the GTA and more people working from home, more buyers from the city are coming to Peterborough. The extension of highway 407 is expected to increase prices in this region. While waterfront properties have seen a price increase of 12% from 2017 to 2018, water access properties have seen an increase of 24%. While affordable, water access properties do have a shortage of listings earlier in the year, resulting in multiple offers and a bigger price increase..


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