Expert Insights from Your Local Mortgage Broker in Peterborough, Ontario

As a Mortgage Broker in Peterborough, Ontario, I’ve been carefully watching both national trends from CREA and our local market dynamics. The latest CREA forecast paints a slightly softer 2025 than expected, followed by a rebound in 2026. When we pair that with real-time Peterborough data, it gives us a fuller picture of what lies ahead for buyers, sellers, and mortgage planners.

CREA’s National Forecast: Modest Declines, But a Path to Recovery

CREA’s most recent forecast sets a more cautious tone for 2025:

• Sales: Forecast at 469,503 units, a 3% decline from 2024.
• Average Price: Expected to fall 1.7% to $677,368, about $10,000 lower than in April’s outlook.
• Regional Weakness: Sales and prices dipping in British Columbia and Ontario—offsetting 4–8% gains expected elsewhere.
• 2026 Expectations: Sales bounce back 6.3% to 499,081; average price edges up 3% to $697,929, keeping it in the ~$700,000 range.(creastats.crea.ca)

Ontario’s YTD Market: Higher Listings, Still Subdued Sales

In Ontario overall:

• YTD sales through June 2025: 80,156 units, down 13.4% from 2024.
• Average price: $852,019, down 3.6%.
• New listings surged 8.5%, with active listings up 18%, the highest for June in over a decade.
• Months of inventory rose to 4.6 months, up from 4.0 last year.(creastats.crea.ca)

This signals more choices for buyers, and a growing trend toward market balance.

Peterborough Snapshot: Local Conditions in Context

Here’s what the latest local data tells us:

June 2025 vs. June 2024

• Sales rose 37% (from 179 to 245).
• Average price jumped 13% to $783,966.
• Days on market held steady at 27 days.(creastats.crea.ca)

May 2025 vs. May 2024

• Average sale price: $639,394, down 4.2%.
• Sales: 109 units, down 4.4%.
• Active listings increased by 24%, with days on market at 24 days.(unitedrealty.c21.ca)

December 2024 vs. December 2023

• Sales: 48 units, down 9.4%.
• Average price: $595,602, up 6.2%.
• Active listings: 145, up from 126.(unitedrealty.c21.ca)

August 2024 vs. August 2023

• Sales: 98 units, up 6.5%.
• Price: $592,678, down 9.1%.
• Active listings: 270 units, up 12.9%.(unitedrealty.c21.ca)

March 2025 Market Highlights

• Average sale price: ~$680,302, down 0.3% year-over-year.
• SP/LP ratio: ~98%.
• Days on market: ~29.5.
• Inventory: ~3.9 months.(John Owen)

In summary, Peterborough is seeing rising activity and prices heading into summer—but also growing inventory and slight pricing softness earlier in the year, indicating a transition toward a more balanced market.

What This Means for Peterborough Buyers & Sellers

For Buyers:

• June 2025’s 53% jump in sales and strong pricing show renewed buyer interest.
• Broader listings and easing pricing earlier in 2025 offer opportunities to negotiate.
• The overall environment points to a more balanced market than we saw during the pandemic-era frenzy.

For Sellers:

• Despite some months of cooling, Demand remains strong, especially in lower price brackets.
• Price your property smartly—with active listings up 20–25%, buyers are more discerning.
• Accurate pricing and staging remain keys to quick sales in a more nuanced market.

For Mortgage Planning:

• The shifting market means that locking in favourable rates early is critical.
• Inventory increases give buyers and brokers time to shop with confidence.
• Lean on your local mortgage broker in Peterborough, Ontario, to guide your financing decisions through these fluctuations.

2026 Outlook: A Return to Growth?

Based on CREA’s forecast, by 2026, we can expect:

• Sales to rebound by 6.3%.
• Average prices to climb back to near $700,000.
• For Peterborough, this likely means tighter competition, faster price growth, and renewed demand for financing.

Quick Guide: Buyer & Seller Strategies in 2025

Final Thoughts: A Rolling Recovery

CREA’s forecast shows a soft 2025 nationally, but our local numbers—particularly the big jump in June sales—signal resilience in Peterborough. As a Mortgage Broker in Peterborough, Ontario, I recommend using this moment to stay prepared: buyers can benefit from lower competition and flexible prices, and sellers can still succeed with smart pricing and presentation.

If you’re considering buying, selling, or refinancing, let’s connect. I can help lock in financing and navigate your decisions with confidence.

Check out our Mortgage Broker in Peterborough profile.