Back to Search
Peterborough, ON – The City of Peterborough issued permits for 515 housing units to residential construction developers in 2024, exceeding the City’s provincial target of 392 housing starts for the year by more than 30%.
"As a municipal government, we’re doing whatever we can to facilitate the construction of the housing that Peterborough residents need," said Mayor Jeff Leal. “We're focused on solutions, and ensuring housing development moves forward.”
Out of the 515 housing units, 346 were apartment-style units. The total estimated value for the construction of the 515 housing units is anticipated to be about $101.2 million.
The Province has set a target of 4,700 new housing units in Peterborough by 2031.
In 2023, the Province assigned a target of 345 housing starts. The City exceeded that target by more than 25%, issuing 435 permits to homebuilders that year.
"Surpassing our targets two years in a row demonstrates real progress, but we know there’s still more work to be done,” Leal said. "It’s vital that we keep up the momentum and continue to work closely with residential construction developers, community partners and other organizations to keep progress on track."
In 2024, Mayor Jeff Leal launched the Mayor’s Task Force for Housing Creation to work with local housing sector experts to come up with recommendations to help facilitate the creation of more housing in Peterborough.
On November 5, 2024, the Mayor released a report from the Task Force, highlighting the Task Force’s 15 recommendations to help speed up the pace of housing construction and address the housing crisis. City Council received the report during a December 9, 2024 meeting and approved seven of the recommendations to be put into effect immediately. Council directed staff to bring forward a report for further consideration on the remaining eight recommendations in April 2025.
“By working together, we’re taking meaningful steps to help accelerate housing construction and meet the needs of our growing community,” Leal said.
Subscribe to News