Pegasus is a new town 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 was first proposed in 1997 by Southern Capital and was initially developed by Infinity Investment Group of Wānaka. 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, selling to the Templeton Group in 2019.
Pegasus has an estimated population of 3,820 as of June 2022.