Downey, Peterborough - July 2026 Real Estate Report

Downey, Peterborough: Houses Are Holding Strong, But Condos Are Having a Rough One

The Vibe Right Now

If you own a house in Downey, here is the honest picture: the market is taking a breather on paper, but the underlying numbers tell a more interesting story. The average HonestDoor Price for houses sits at $610,472 - down 4.21% from the previous period. That sounds like a headline worth worrying about. But look closer. The predicted market value for houses is $637,289, and that number is climbing past the 3-month moving average of $625,346. In plain terms, we are likely looking at a short-term dip, not a trend.

Condos are a different conversation. The average HonestDoor Price for condos is $592,274, down 1.19%. But the predicted value has dropped to $599,423 - well below the 3-month moving average of $638,175. That is a meaningful gap. Condo values in Downey have shifted by -13.36% recently, and on the neighbourhood growth leaderboard, Downey condos rank 22 out of 22 in Peterborough. Dead last. If you own a condo here, that is not a number to ignore.

Houses vs. Condos - Breaking It Down

• House HonestDoor Price: $610,472 (down 4.21%)
• House predicted market value: $637,289 (rising vs. 3-month average of $625,346)
• House rental estimate: $2,972/month - predicted rent at $3,075/month
• House rental yield: 5.37% - that is a strong return by any measure
• House growth rank: 5 out of 25 neighbourhoods in Peterborough - top tier
• Condo HonestDoor Price: $592,274 (down 1.19%)
• Condo predicted market value: $599,423 (falling vs. 3-month average of $638,175)
• Condo rental estimate: $2,908/month - predicted rent at $2,930/month
• Condo rental yield: 3.64% - moderate, not exciting
• Condo growth rank: 22 out of 22 neighbourhoods in Peterborough - bottom of the board

For context, our neighbours in Edmison Heights are pricing houses at $627,479 with rents around $3,034. Sunset comes in cheaper at $562,206. Highland is lower still at $503,803. For condos, Downey actually prices above all three nearby neighbourhoods - Edmison Heights condos average $521,264, Sunset $463,678, and Highland $485,459. So if you own a condo in Downey, you are sitting at a premium relative to the area. The question is whether that premium holds.

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

Here is something most homeowners in Downey do not think about until it is too late. Your city tax assessment is a snapshot from the past. It does not update in real time. It does not know what happened to condo values in the last quarter. It does not reflect that house values here are trending upward right now while condos are sliding.

The HonestDoor Price is a live, real-world check on what your property is actually worth today - not what a government office decided it was worth 12 to 18 months ago. For house owners, that gap between the assessed value and the current HonestDoor Price of $610,472 - or the predicted value of $637,289 - could mean you are sitting on more equity than you realize. For condo owners, it is equally important to know the real number before you make any decisions, because the assessment will not warn you that values have shifted.

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

If you own a house in Downey and you have been on the fence about listing this summer, the data is nudging you toward action. The predicted value is rising, the rental yield is strong at 5.37%, and we rank 5th out of 25 Peterborough neighbourhoods for growth. Buyers looking at Downey houses are looking at a neighbourhood that is outperforming most of the city. That is a story worth telling in your listing.

If you own a condo, the calculus is harder. A -13.36% recent shift and a last-place growth ranking are real signals. Waiting for the market to recover is a valid strategy - but only if you have time on your side. If you are thinking about selling in the next few months, getting your HonestDoor Price now gives you a clear, current baseline so you are not pricing off stale information and leaving money on the table - or worse, pricing yourself out of a sale entirely.

Bottom line: Downey is not one market right now. It is two very different stories depending on what you own. Know your number before you make a move.

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.