Facts and Figures

The city of Peterborough is in Ontario, Canada, on the Otonabee River. 81,032 people lived in the City of Peterborough at the time of the 2016 Census. Today, service industries are the largest employers, but food processing, automotive supplies, electronics, aerospace, and life sciences/biotechnology are also critical sectors.

Why Peterborough, Ontario

There are plenty of reasons for you to chose Peterborough, Ontario as your next business home. Among them the most lucrative reasons are [1]:

The location: The Kawarthas and Peterborough are conveniently located between Ottawa and Toronto, Canada's business capital. A Canadian/American border is also nearby.

Cost-effectiveness: It is only a 90-minute drive to the Greater Toronto Area (GTA) and the Greater Golden Horseshoe - two growing markets in the region. In any case, Peterborough is located in the sweet spot of housing prices, just off the beaten track. As of August 2018, the average price of a home was $698,931, far below what homeowners in the GTA are experiencing locally.

Cheaper lease rates for industries: In Peterborough, the industrial land lease rate is well below the national average. In Peterborough, it can cost around 6.50 to 7.0 dollars per square foot [2] to lease an Industrial land in comparison with the Canadian National Average of 9.09 dollars per square foot [3].

Locations reserved for industries :

There are in total 9 industrial districts outlined by the zoning bylaw of the city in industrial zone 19 [4]. District M.1.1 is reserved for light industrial use. They include a warehouse; self-service storage establishment, etc. while there is no specific zone marked out for heavy industries. However, manufacturing plants and fuel storage facilities can be established within zone M1.2. These districts are located in the south of the city along Highway 7.

Areas with Heavy industries

Rolls-Royce Civil Nuclear is located on Highway 7 next to Peterborough bypass. Ventra Plastics is also located in the same area with quite a big industrial complex and yard areas. Siemens Milltronics Process Instruments Inc is also located on Highway 7 near the intersection of Highway 35. There is plenty of industrial lands undeveloped in the same area. Steel producers including Steelworks Design and Havelock Metals are located in the south of the city near its administrative borders along Airport road.