Downey, Peterborough - August 2026 Real Estate Report

Downey, Peterborough: Your Home Is Worth More Than the City Thinks - Here's the Proof

The Vibe Right Now

If you own a home in Downey and you haven't checked your HonestDoor Price lately, now is the time to do it. The market is taking a breather - values are sliding from their recent peaks - and that means the gap between what your home is actually worth and what the city has on file is getting wider by the month.

Here is the quick breakdown of where things stand for the two main property types in our neighbourhood.

Houses in Downey

• Average HonestDoor Price: $612,635
• Predicted market value: $610,472
• 3-month moving average: $622,507 - values are trending down from that peak
• Recent price change: -4.21%
• Average rental estimate: $2,980 per month
• Rental yield: 5.42% - that is a strong return for landlords
• Airbnb estimate: $148 per night
• Neighbourhood growth rank: 23 out of 25 in Peterborough

That growth rank is the honest number we need to talk about. On the neighbourhood leaderboard, Downey houses are sitting near the bottom - 23rd out of 25 comparable areas. That does not mean your house is worthless. It means the price run-up we saw earlier has cooled off faster here than in most other parts of the city. Compared to nearby Edmison Heights, where houses are averaging $624,047, we are slightly behind. Sunset ($562,279) and Highland ($511,501) are both cheaper, which tells you Downey is still holding solid mid-range value.

Condos in Downey

• Average HonestDoor Price: $567,374
• Predicted market value: $592,274
• 3-month moving average: $627,857 - a notable drop from that number
• Recent price change: -1.19%
• HonestDoor Price change from previous period: -4.20%
• Average rental estimate: $2,811 per month
• Rental yield: 3.66% - moderate, but still positive cash flow territory
• Airbnb estimate: $140 per night - ranked 8th in Peterborough for Airbnb potential
• Neighbourhood growth rank: 22 out of 22 in Peterborough

The condo picture is the one that needs the most attention. Last place on the leaderboard - 22nd out of 22 - is a signal that condo values in Downey are under real pressure right now. The drop from the 3-month moving average of $627,857 down to a predicted value of $592,274 is not a rounding error. That is a meaningful shift. The one bright spot? Downey condos are still priced above every nearby neighbourhood - Edmison Heights ($485,122), Sunset ($446,951), and Highland ($463,677) are all cheaper. So if you own a condo here, you are still at the top of the local pile, even if the broader trend is working against you.

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

Here is the thing about your city assessment: it is a snapshot from the past. The city looks at sale data from a set window, runs its numbers, and then that figure sits frozen until the next assessment cycle. It does not know that Downey house values dropped 4.21% recently. It does not know that the 3-month moving average for condos fell from $627,857 to $592,274. It is essentially a photograph of a market that no longer exists.

Your HonestDoor Price is updated in real time. It pulls from actual current sales, current listing activity, and current market signals. Right now, with values shifting as fast as they are in Downey, the difference between your assessment and your HonestDoor Price could be thousands of dollars - in either direction. If you are a house owner, your HonestDoor Price of $612,635 is the real-world check on what a buyer would actually pay today. If you are a condo owner, knowing your real number before you make any decisions is not optional - it is essential.

The So What - Thinking About Selling This Summer?

If selling is on your mind, the data is telling you something specific: do not wait and hope the market bounces back on its own. Both houses and condos in Downey are trending below their 3-month averages right now. That is not a disaster - it is a window.

Buyers who were sitting on the sidelines during the peak are starting to look again. A house priced sharply at or just under $612,635 - backed by a current HonestDoor Price - is a credible listing that serious buyers will take seriously. An overpriced listing based on a stale assessment will sit. And a listing that sits in a cooling market tends to sell for less, not more.

For condo owners, the urgency is a notch higher. With a growth rank of last in the city and values down from their recent peak, the summer selling window is real. Downey condos are still priced above the neighbouring areas, which gives you a story to tell buyers. But that premium will not hold forever if the trend continues.

Bottom line - check your HonestDoor Price today, price it right, and move with the market instead of against it. That is how Downey homeowners come out ahead this summer.

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.