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City Profiles > Peterborough Home 
Peterborough, OntarioPeterborough is located in Central Eastern Ontario, on the Otonabee River. It is the seat of Peterborough County, and is the gateway to the Kawarthas region. In 2006, the city of Peterborough had a population of 74, 898. The city is nicknamed “The Electric City” because it was the first town in Canada to use electric streetlights.
Manufacturing is Peterborough’s largest industry. General Electric and Quaker Oats maintain large operations in the city. The largest employers in Peterborough are the Peterborough Regional Health Care Centre, followed by the public school board and Fleming College. Peterborough is home to several post-secondary institutions: Trent University, Fleming College, and the Kawartha Lakes Bible College.
Visitors have plenty to enjoy as Peterborough is rich in heritage and boasts a vibrant arts community. There are a multitude of historical attractions, museums, exhibitions, and galleries.
(Pictured above: The Peterborough Lift Lock)
Income |
$ Amount |
|---|---|
| Avg. Houshold Income | $60, 250 |
| Avg. Family Income | $68, 826 |
| Per Capita Income | $24, 528 |
| Disposable & Discretionary Income | |
| Disposable Income/Household | $44, 827 |
| Discretionary Income/Household | $14, 071 |
As of June 23, 2008, your REALTOR® will have to ask for identification, as in picture I.D. In June 2007, the federal government approved amendments to regulations under the Proceeds of Crime (Money Laundering)and Terrorist Financing Act (PCMLTFA). The amendments, which come into effect on June 23, 2008, are designed to broaden the scope of record keeping and reporting requirements. This means that real estate salespersons and brokers will have new obligations under the PCMLTFA.
Requirements as of June 23, 2008 will include a receipt of funds record for all transactions regardless of the amount of funds received (unless funds are received from a financial entity or public body). In addition, a client identification record will be required to be completed with respect to every purchase and sale regardless of the existence of a cash deposit. Salespersons and brokers will be required to verify and record the identification of each client involved in a particular sale.
The Ontario Government has set the rent increase guideline at 1.8% for 2009.
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