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Entrance feature at Pegasus Town
|Territorial authority||Waimakariri District|
|Time zone||UTC+12 (NZST)|
|• Summer (DST)||UTC+13 (NZDT)|
Pegasus Town is a new town under construction in the Waimakariri District of Canterbury, New Zealand. Named for the nearby Pegasus Bay, it is adjacent to the town of Woodend and is 25 km north of Christchurch. Once fully constructed, Pegasus will be home to up to 6000 people. The town will have approximately 1700 residential house sites. Retail and office space is located in the centre of the town adjacent to Lake Pegasus
The project ran into financial trouble in late 2012, with the developers going into receivership. Todd Property bought it for an undisclosed sum in December 2012 and undertook infrastructure development to complete the project.
The project was first proposed in 1997 by Southern Capital and is being developed by Infinity Investment Group of Wanaka.
- Mid 2006, major earthworks and site contouring began
- January 2008, first titles to land in the town were issued
- September 2008, first residents moved into the town
- November 2008, showhome village opened
- December 2009, Pegasus Golf & Sports Club, Lake Pegasus
As at May 2016 over 90% of all Pegasus sections have been titled and sold. Over 950 houses have been completed or are currently under construction and the population is now over 2500. 
At the heart of the town, Lake Pegasus has become a very popular venue for regional and national sporting events including national triathlons, dragon boat regattas, dive schools and sailing events.
- August 2017, Community centre opens.
Pegasus Bay School is a state co-educational full primary school located on Solander Road, with a roll of 422 students (as of August 2018). The school was established in 1872 as Waikuku School, but population growth in the late 2000s and early 2010s saw it out-grow its original Waikuku site. The school relocated to its current site over the two-week term break in April 2014, and was renamed Pegasus Bay School.
For secondary education, the town is zoned for Kaiapoi High School, 13 km away in Kaiapoi. The town was previously also zoned for Rangiora High School, 10 km away in Rangiora, but overcrowding at Rangiora and the need to balance the student population between Rangiora and Kaiapoi led the boundary move to exclude Pegasus, Woodend and Waikuku.
- "Subnational Population Estimates: At 30 June 2018 (final)". Statistics New Zealand. 15 November 2018. Retrieved 21 November 2018.
- "Todd Property buys Pegasus Town project". 3 News NZ. 5 December 2012.
- "2013 Census QuickStats about a place: Pegasus". Statistics New Zealand. Retrieved 17 July 2015.
- Pegasus Town Developers May 2016
- "Directory of Schools - as at 13 September 2018". New Zealand Ministry of Education. Retrieved 22 September 2018.
- "Waikuku". Cyclopedia of New Zealand. New Zealand Electronic Text Collection. Retrieved 12 April 2013.