Peterborough Rental Market: What Local Landlords Need to Know for 2025

As we enter the second half of 2025, Peterborough’s rental market continues to shift in response to economic conditions, population growth, and changing tenant expectations. For local landlords, staying on top of these trends is essential—not just for maximizing profits, but also for remaining compliant and competitive.

At the Peterborough Landlords Association, we’re committed to keeping our members informed. Here’s what landlords in Peterborough, Ontario need to know about the rental market in 2025.

1. Rising Rental Demand Driven by Population Growth

Peterborough remains one of Ontario’s fastest-growing mid-sized cities, thanks to its balance of affordability, nature, and proximity to the GTA. With Trent University, Fleming College, and increased migration from the Toronto area, demand for rental units continues to outpace supply—especially in desirable neighbourhoods like the North End, East City, and the Downtown Core.

➡ What it means for landlords:Vacancy rates remain low, giving landlords more flexibility with rental pricing. However, tenants are also expecting more value and modern amenities.

2. Rent Increases Are Still Capped—But There’s Room to Strategize

In Ontario, rent control laws limit how much landlords can raise rent annually. For 2025, the guideline increase is 2.5%. However, landlords of newer buildings (constructed after November 15, 2018) are exempt from these caps, opening the door to greater income potential.

➡ What it means for landlords:If your property is eligible, you may consider renovating or repositioning units to improve rental value. Always provide legal notice and ensure any increases are done properly.

3. Tenants Are Looking for Turnkey and Tech-Enabled Rentals

Today’s renters, especially students and young professionals, want move-in-ready units with updated appliances, fast internet, and smart features. A fresh coat of paint, updated lighting, or offering Wi-Fi-inclusive rent can make your unit stand out.

➡ What it means for landlords:Investing in minor upgrades can significantly increase demand for your units—leading to shorter vacancies and higher-quality tenants.

4. Short-Term Rentals Are Under the Microscope

In 2025, municipalities across Ontario—including Peterborough—are reviewing policies around short-term rentals like Airbnb. Licensing, taxation, and zoning restrictions are likely to increase.

➡ What it means for landlords:If you're operating or considering a short-term rental in Peterborough, stay informed on bylaw changes and zoning rules to avoid costly penalties.

5. Legal Compliance and Advocacy Remain Critical

As the rental landscape evolves, so does the legal environment. From changes in Landlord and Tenant Board (LTB) timelines to new municipal licensing proposals, local landlords must stay engaged and united.

➡ What it means for landlords:Joining a group like the Peterborough Landlords Association ensures you’re not navigating these changes alone. We advocate on your behalf and provide valuable updates through meetings and newsletters.

Stay Informed, Stay Profitable

Being a landlord in Peterborough in 2025 requires more than just collecting rent. It takes strategy, awareness, and a strong support network.

By staying on top of market trends and connecting with like-minded property owners through the Peterborough Landlords Association, you’re better equipped to protect your investment and succeed in a growing, competitive market.

👉 Join us today to stay connected, informed, and ahead of the curve.