Peterborough & Kawarthas Real Estate Market Report - February 2026

Peterborough & Kawarthas (MLS® HPI) — February 2026

In February 2026, the composite benchmark price in the Peterborough & Kawarthas region is $542,000, reflecting a year-over-year decline of 9.9%. The market is currently balanced, indicating stable conditions for both buyers and sellers.

Market Analysis

The Peterborough & Kawarthas real estate market shows signs of stabilization as the composite benchmark price decreases from $554,400 in January 2026 to $542,000 in February 2026. This marks a significant drop from $601,400 in February 2025, highlighting a continued adjustment in pricing as the market responds to changing economic conditions. With the current market being classified as balanced, supply and demand appear to be aligning, which may help mitigate further price declines in the near future.

Despite the lack of detailed sales and listing data for February, the consistent benchmark price suggests that buyers are finding value in the market, while sellers may need to adjust expectations to align with current market realities. The absence of extreme fluctuations in inventory levels further supports the notion of a balanced market, providing opportunities for both buyers and sellers to engage in transactions without the pressure of a highly competitive environment.

Property Type Analysis

Currently, the benchmark price for detached properties stands at $542,000, which reflects the overall market trend. However, specific data for attached/townhouse and apartment properties is not available this month. The lack of sales data across property types makes it challenging to draw definitive comparisons, but the consistent benchmark price for detached homes suggests that this segment remains a focal point for buyers in the region.

Regional Highlights

The Peterborough & Kawarthas region continues to attract interest due to its appealing lifestyle and natural surroundings. While the overall benchmark price has decreased, the area's balanced market condition indicates that it remains an attractive option for both first-time homebuyers and those looking to relocate. Local economic factors, including employment opportunities and community amenities, continue to play a significant role in shaping buyer sentiment and market dynamics.

For Buyers

Prospective buyers are encouraged to take advantage of the current balanced market conditions. With a benchmark price of $542,000, buyers should conduct thorough research and consider their long-term goals when making purchasing decisions. Engaging with a knowledgeable real estate agent can provide valuable insights into the best opportunities available in the market.

For Sellers

Sellers should remain realistic about pricing in light of the current market conditions. With a year-over-year decline of 9.9% in benchmark prices, it is crucial to set competitive prices to attract potential buyers. Working with a real estate professional can help sellers navigate the market effectively and position their properties to stand out.