In the next season, he moved to the Ontario Hockey League with the Detroit Compuware Ambassadors (later the Detroit Jr. Red Wings), scoring 90 points (39 goals and 51 assists) in 63 games. The Washington Capitals rewarded him by making him their first-round selection in the 1991 NHL Entry Draft. Still 18 years old at the time, Peake returned to the Ambassadors for the 1991-1992 season and scored 93 points (41 goals, 52 assists) in 53 games. Following an outstanding season, Peake earned the Red Tilson Trophy, as the OHL's Most Outstanding Player of the Year, and was named the CHL Player of the Year.