If you've been glancing at your last property tax assessment and wondering if it still reflects reality, the short answer is: probably not. Here's the real picture for Bunbury homeowners heading into summer.
We're seeing two very different stories play out on our streets right now, depending on what type of property you own.
Houses: The average HonestDoor Price for a house in Bunbury sits at $562,407, with a predicted market value of $565,505. That predicted value is sliding - it's down from a 3-month moving average of $575,118, and property values have shifted by -3.66% recently. The market is taking a breather. On the bright side, if you own a house here and have a tenant or are thinking about one, the rental picture is genuinely strong. Estimated rent comes in at $2,736 per month with a rental yield of 5.51% - that's a number worth paying attention to. On the Airbnb side, you're looking at roughly $136 to $137 per night. For growth, we rank 4 out of 6 comparable neighbourhoods in Stratford. Not leading the pack, but we're not at the bottom either.
Condos: This is where the more interesting story is for us right now. The average HonestDoor Price for a condo in Bunbury is $274,420 - up 7.23% from the previous period. That's a meaningful jump. The predicted market value lands at $255,913, which is still ahead of nearby Stratford condos sitting at $252,285. Rental estimates come in at $1,484 per night with a yield of 4.26%. Condo growth ranks 2 out of 3 comparable neighbourhoods - middle of the road, but the price appreciation tells a better story than that ranking suggests.
Here's the thing about government assessments - they're a snapshot from the past. By the time that number lands in your mailbox, the market has already moved. The HonestDoor Price is a real-time check on what your property is actually worth today, not what it was worth when a government appraiser last ran the numbers.
For house owners in Bunbury, that gap matters right now. Values have moved by nearly 4% recently. If you're making any financial decision - refinancing, selling, even just understanding your net worth - using a stale assessment is like navigating with an old map. The HonestDoor Price updates continuously, so you're always looking at current market conditions, not last year's data.
For condo owners, a 7.23% increase in HonestDoor Price is the kind of move that could mean thousands of dollars of equity you didn't know you had. That's real money sitting in your unit right now.
If you own a house and are thinking about listing, the honest answer is: timing matters. The predicted value is trending below the 3-month average, which means the peak of this particular wave may have already passed. That doesn't mean panic - it means don't wait another six months hoping for a rebound that isn't clearly signalled in the data right now.
Compared to your neighbours, Bunbury houses are priced above Stratford overall ($444,864 average) and just under Downtown Charlottetown ($568,477). You're sitting in a competitive spot on the neighbourhood leaderboard - not the cheapest option, but offering more space and value than the downtown core.
If you own a condo, the 7.23% price increase gives you real leverage. Buyers looking at Downtown Charlottetown condos ($839,776) or Parkdale ($848,814) will find Bunbury condos at $274,420 look like a very different conversation. That price gap is your selling point.
Bottom line - check your HonestDoor Price before you do anything else. It takes two minutes and it's the most current number you'll find. Whether you're selling this summer or just staying informed, knowing your real number is always the right first move.
bunbury | stratford | july 2026This 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.