New residential construction in the Peterborough area remained steady in the third quarter of 2024, according to data from the Canada Mortgage and Housing Corporation (CMHC). The City and County of Peterborough saw construction begin on 97 new homes, matching last quarter’s numbers. However, the number of completed units in the area dropped sharply from 223 in Q2 to 68 in Q3.
In Peterborough itself, construction started on 6 single-family homes and 73 apartment or condo units, with 15 single homes and 16 apartments completed. In surrounding areas, Cavan Monaghan, Douro-Dummer, Otonabee-South Monaghan, and Selwyn each saw small increases in single-home starts and completions. In the City of Kawartha Lakes, there were 31 single-family home starts, down from 71 in the previous quarter, with no completions reported.
For more details, visit Ontario’s housing supply tracking page.
(Written by: Scott Arnold)
