Belvedere, Regina - August 2026 Real Estate Report

Belvedere, Regina: Here's What Your Home Is Actually Worth Right Now

If you've been glancing at your last city assessment and wondering if it still holds up, the short answer is: probably not. The market has moved, and your assessment hasn't kept pace. Here's the real picture for Belvedere right now.

The Vibe: Houses vs. Condos in Belvedere

The two property types in our neighbourhood are telling pretty different stories this season, so let's break them down honestly.

Houses

• Average HonestDoor Price: $223,292 - up 1.09% from the previous period
• Predicted market value: $221,903
• 3-month moving average: $221,112 - values are trending upward
• Estimated monthly rent: $1,195 with a rental yield of 6.08%
• Airbnb potential: roughly $59 per month
• Recent value change: -0.75%
• Neighbourhood growth rank: 73 out of 111 in Regina

Houses here are holding steady. The 3-month trend is moving in the right direction, even if the short-term blip shows a slight dip of 0.75%. That 6.08% rental yield is the number worth paying attention to - it signals that if we rent our house out, we're getting a genuinely solid return compared to a lot of Regina neighbourhoods. On the leaderboard, we sit at 73 out of 111 - below the midpoint, but not at the bottom. There's room to climb.

For context, our neighbours in Wascana Crescents are sitting at an average HonestDoor Price of $256,838, and Rosemont comes in at $225,770. Coventry Place is slightly cheaper at $220,525. We're right in the middle of that pack.

Condos

• Average HonestDoor Price: $124,582 - up 9.34% from the previous period
• Predicted market value: $113,936
• 3-month moving average: $146,359 - current value is below the recent average
• Estimated monthly rent: $626 with a rental yield of 4.35%
• Airbnb potential: roughly $31 per month
• Recent value change: -6.54%
• Neighbourhood growth rank: 67 out of 88 in Regina

Condos are a more complicated story. That 9.34% jump in the HonestDoor Price sounds great, but the predicted market value of $113,936 is sitting well below the 3-month moving average of $146,359. That gap is worth watching. The recent -6.54% value change and a growth rank of 67 out of 88 tell us the condo segment is taking a breather right now. The 4.35% rental yield is moderate - not bad, but not a slam dunk either. Nearby, Rosemont condos average $160,138 and Wascana Crescents hit $152,588, so we're priced more accessibly than both.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment

Here's the thing about city assessments - they're snapshots from the past. By the time that number lands in your mailbox, the market has already moved on. The HonestDoor Price is a real-time check on what buyers are actually paying right now, not what someone estimated a year or two ago.

For Belvedere house owners, the HonestDoor Price of $223,292 reflects current conditions - the slight upward trend in the 3-month moving average backs that up. For condo owners, the gap between the HonestDoor Price and the predicted market value is a signal to pay close attention. Knowing your real number means you're not leaving money on the table or pricing yourself out of a sale before it starts.

Think of it this way: your assessment is the government's best guess from months ago. Your HonestDoor Price is what a buyer would likely write a cheque for today.

The "So What?" - Thinking About Selling This Summer?

If you own a house in Belvedere and you're thinking about listing this summer, the timing is reasonable. Values are inching up on the 3-month trend, and a 6.08% rental yield means buyers who are investors will take notice. You're not in the top tier of Regina's growth leaderboard at rank 73, but you're competitive with Coventry Place and within striking distance of Rosemont.

If you own a condo, be clear-eyed. The -6.54% recent change and that gap between the predicted value and the moving average suggest the market is soft right now. That doesn't mean don't sell - it means price it right from day one. Overpricing a condo in a cooling segment is the fastest way to sit on the market all summer.

Either way, the first step is the same: check your HonestDoor Price before you call an agent, set an expectation, or make any decisions. It's free, it's current, and it's the most honest starting point we have.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.