Otonabee, Peterborough - June 2026 Real Estate Report

Otonabee Real Estate Update: Prices Are Shifting - Here Is What Your Home Is Actually Worth Right Now

If you own a place in Otonabee and you have not checked your home's value lately, this is your nudge. The market here is moving - and not always in the direction you might hope. Here is the straight story on what is happening with houses and condos in our corner of Peterborough.

The Vibe: Houses vs. Condos in Otonabee

Let us start with houses. The average HonestDoor Price for a house in Otonabee sits at $556,694, up a modest 0.92% from the previous period. That sounds fine on the surface. But dig a little deeper and the predicted market value is currently at $551,632 - which is actually down from the 3-month moving average of $564,283. In plain terms, house prices here have dipped about 1.58% recently. On the neighbourhood leaderboard, Otonabee houses rank 21 out of 25 for growth in Peterborough. That puts us near the bottom of the pack right now.

The silver lining for house owners? Rental income is genuinely strong. Estimated rent comes in at $2,744 per month with a rental yield of 5.54%. That is a solid return. If selling is not on your radar, holding and renting is a real option worth running the numbers on.

Condos tell a rougher story. The average HonestDoor Price for a condo is $430,389, up 2.23% from the previous period. But the predicted market value has dropped to $421,013 - a significant slide from the 3-month moving average of $570,137. That is a 17.95% recent decline. On the leaderboard, Otonabee condos rank 22 out of 22 for growth among comparable Peterborough neighbourhoods. Dead last. Condo owners here need to pay close attention right now.

• House HonestDoor Price: $556,694 (up 0.92%)
• House predicted value: $551,632 (down 1.58% recently)
• House rental estimate: $2,744/month - rental yield of 5.54%
• House growth rank: 21 out of 25 in Peterborough
• Condo HonestDoor Price: $430,389 (up 2.23%)
• Condo predicted value: $421,013 (down 17.95% recently)
• Condo rental estimate: $2,182/month - rental yield of 3.98%
• Condo growth rank: 22 out of 22 in Peterborough

How Does Otonabee Stack Up Against the Neighbours?

For house owners, P.I.D.O. is in a completely different league at an average HonestDoor Price of $885,971. South Central is slightly ahead of us at $582,701. Kenner comes in a bit cheaper at $544,751. So Otonabee sits in the middle of the pack on price - not the cheapest, not the most expensive.

For condo owners, the comparison flips. P.I.D.O. condos are actually cheaper than ours at around $414,800, while South Central ($719,699) and Kenner ($1,055,765) are in a much higher bracket. Our condos are priced above P.I.D.O. but well below the top end of the market.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment

Here is the thing about your city assessment - it is a snapshot from the past. The Municipal Property Assessment Corporation updates values on a cycle that can lag real market conditions by years. Meanwhile, the Otonabee condo market just moved nearly 18% in a short window. Your tax assessment has no idea that happened yet.

The HonestDoor Price is updated in real time using actual market data. It is the number that reflects what a buyer would likely pay for your home today - not what a government office calculated a couple of years ago. If you are a condo owner in Otonabee and you are still looking at your assessment thinking "I am sitting on X dollars of equity," you may want to run your HonestDoor Price right now. The gap between what you think your place is worth and what the market says could be significant.

For house owners, the HonestDoor Price at $556,694 is your real-world check. Use it before you price, before you refinance, and before you make any big financial decisions tied to your home's value.

The "So What?" - Thinking About Selling This Summer?

If you own a house in Otonabee and are thinking about listing this summer, the window is not closed - but it is not wide open either. Prices have softened slightly and our growth rank of 21 out of 25 tells you that other Peterborough neighbourhoods are outperforming us right now. That does not mean you cannot get a good price. It means you need to be sharp on your listing price from day one. Overpricing in a softening market is the fastest way to sit on a listing and lose leverage.

If you own a condo in Otonabee, this summer requires a serious conversation with yourself. A nearly 18% recent drop in predicted value and a last-place growth ranking is not something to brush off. If you were planning to sell anyway, moving sooner rather than later may make more sense than waiting to see if values recover. If you are holding long-term, the rental yield of 3.98% is moderate - it covers costs but is not a home run.

One more number worth knowing: Otonabee's Airbnb rank in Peterborough is 20 out of 25. Short-term rental income is not this neighbourhood's strong suit compared to other parts of the city. For houses, the long-term rental story at $2,763 per month is the better play if you are keeping the property.

Bottom line - check your HonestDoor Price today. It takes two minutes and it is the most current picture of what your Otonabee home is actually worth in this market.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.