Peterborough Housing

• City of Peterborough’s 435 housing unit starts in 2023 exceeds provincial target

  The Ontario government had assigned a target of 345 housing starts in 2023 for the city which has pledged to build 4,700 new units by 2031.

  Economy

  Jan 12
  
• Peterborough city council endorses pledge to build 4,700 new homes by 2031

  Peterborough city council has endorsed the Municipal Housing Pledge, which will allow the city to access Ontario's $1.2-billion fund to help municipalities build new homes.

  Canada

  Nov 1, 2023
  
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• Peterborough mayor deploys housing task force to help reach provincial build targets

  Peterborough Mayor Jeff Leal said the Mayor’s Task Force on Housing and Future Growth will support the construction of housing and streamline the development application process.

  Economy

  Oct 23, 2023
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• Peterborough housing market shows little improvement: United Way report

  According to the United Way Peterborough's 'Housing is Fundamental' report, between 2021 and 2022, the price of a bachelor apartment in Peterborough increased 8.4 per cent.

  Economy

  Oct 12, 2023
• Feds, Ontario provide $46M to support nearly 1,100 new homes in Peterborough

  Federal and provincial funding will support several major housing projects in Peterborough, including the construction of two apartment buildings.

  Economy

  Oct 11, 2023
• Peterborough mayor to opt into Ontario’s ‘strong mayor’ power to help reach housing goals

  Mayor Jeff Leal Leal says city staff have drafted the city's confirmation that it will pursue the housing targets — 4,700 new homes by 2031 — and opt into the new mayoral powers.

  Politics

  Aug 22, 2023
• Peterborough homeowners can soon add up to 2 additional residential units on lot

  City council endorsed a staff report that recommended amending a 2018 zoning bylaw that allowed up to one residential suite to double it to two 'residential units.'

  Economy

  Aug 9, 2023
• Report recommends Peterborough allow up to 2 additional residential units on lots

  The report say the amendments fall in line with Ontario's Bill 23 — More Homes Built Faster Act — to encourage more housing builds and boost housing supplies within municipalities.

  Economy

  Aug 3, 2023
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• $2.4M funding to create 63 new housing units for Hunt Terraces in Peterborough

  According to the Ontario and federal governments, $2,457,000 will support the six-storey building at 555 Bonaccord St. (Hunt Terraces), which has 85 units in total.

  Economy

  Jul 24, 2023
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• Peterborough area has lowest apartment vacancy rate in Ontario for 2nd year in a row: CMHC

  The Peterborough census metropolitan area's vacancy rate for purpose-built rental apartments was 1.1 per cent in October 2022, virtually unchanged from one per cent 2021.

  Economy

  Jan 26, 2023