The probabilistic seismic hazard curves were based on appropriate attenuation relationships at rock sites with a probability of exceedance of 10% in 50 years in this study. Results from the model were compared to the response spectra proposed in Section 7 of TEC '07 and were found to differ in both amplitude and frequency content. The impact of these differences has been investigated with respect to building performance evaluation. Specifically, modal capacity diagrams and response spectra have been obtained for five buildings. Based on the diagrams and spectra, peak displacements have been calculated as well, revealing significant differences in the demand displacement curves of the buildings. As a result, damage estimates and predicted building performance will deviate from site specific performance to a greater degree. Using site-specific spectra and field data will be important for future earthquake-resistant design. One of the conclusions of the study is that the Code spectra do not offer a sufficient or comprehensive enough set of seismic demands and would lead to an under estimation of seismic hazard in the region of study. Therefore, site-specific design spectra for the region should be developed which reflect the characteristics of local sites.