Green Acres, Thunder Bay - September 2026 Real Estate Report

Green Acres, Thunder Bay: Your Neighbour Just Asked What Their House Is Worth - Here Is the Real Answer

The Vibe Right Now

If you have been watching the "For Sale" signs in Green Acres lately, here is what is actually happening. The market is taking a breather. Both houses and condos have seen values pull back from their recent highs, but the story is a little different depending on what you own - and that difference matters for your wallet.

Houses: The Numbers You Need to See

The average HonestDoor Price for a house in Green Acres sits at $416,091 right now. That is a 14.57% drop from the previous period - a real shift, not a rounding error. The forward-looking predicted market value comes in at $487,029, but even that number is sliding, sitting below the 3-month moving average of $499,735. Values have moved by -3.12% recently, and on the neighbourhood growth leaderboard, Green Acres houses rank 20 out of 30 compared to similar Thunder Bay neighbourhoods. That puts us in below-average territory for growth right now.

The silver lining? If you own a house here and are thinking about renting it out, the numbers are genuinely strong. Estimated rent runs $2,153 to $2,428 per month, with a rental yield of 5.65%. That is a solid return in any market.

• Average HonestDoor Price (House): $416,091
• Predicted Market Value: $487,029
• 3-Month Moving Average: $499,735
• Recent Value Change: -3.12%
• Rental Estimate: $2,153 - $2,428 per month
• Rental Yield: 5.65%
• Airbnb Estimate: $107 per night
• Growth Rank: 20 out of 30 in Thunder Bay

Condos: A Different Story

Condos in Green Acres are actually showing some life. The average HonestDoor Price is $282,923, down 8.76% from the previous period, but the predicted market value of $310,103 is nudging above the 3-month moving average of $308,874. That upward tick matters. Recent value change clocks in at a strong 17.27%, which is the kind of number that gets attention. On the growth leaderboard, condos rank 17 out of 30 - still below average, but climbing faster than houses right now.

Rental income for condos is moderate. Estimated rent lands around $1,525 to $1,662 per month, with a rental yield of 4.18%. Not as punchy as houses, but still a reasonable return if you are holding a condo here.

• Average HonestDoor Price (Condo): $282,923
• Predicted Market Value: $310,103
• 3-Month Moving Average: $308,874
• Recent Value Change: +17.27%
• Rental Estimate: $1,525 - $1,662 per month
• Rental Yield: 4.18%
• Airbnb Estimate: $76 per night
• Growth Rank: 17 out of 30 in Thunder Bay

The Secret Sauce - Why Your HonestDoor Price Beats Your Tax Assessment Right Now

Here is the thing about your city tax assessment: it is a snapshot from the past. The city looks at sale data from a fixed point in time and locks that number in. It does not know that house prices in Green Acres have shifted 14.57% recently. It does not update when the market moves.

The HonestDoor Price is a real-world check - updated continuously using current sales data and market signals. Right now, with values moving as fast as they are in Green Acres, the gap between what the city thinks your home is worth and what a buyer would actually pay can be significant. If you are making any financial decision - refinancing, selling, even just figuring out if your insurance coverage still makes sense - the HonestDoor Price is the number to start with, not the one on your tax notice.

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

Straight talk: this is not a seller's market right now in Green Acres. House values are down from their peak, and we rank in the lower half of Thunder Bay neighbourhoods for growth. That does not mean you should not sell - it means you need to price smart and not rely on what your neighbour got two years ago.

A few things worth knowing before you list:

• Nearby Edgewater Park is pricing higher at $454,514 for houses - buyers shopping Green Acres are likely cross-comparing, so your price needs to be sharp.
• Westfort is cheaper at $372,535, which means budget-conscious buyers have options below us too.
• If you own a condo, the recent 17.27% value bump is worth paying attention to - that momentum could work in your favour this summer.
• Rental demand is real here. If selling feels rushed, holding and renting at $2,153 to $2,428 per month on a house is a legitimate play with a 5.65% yield backing it up.

Bottom line: check your HonestDoor Price before you do anything else. The market has moved, and the number on your tax bill has not caught up. Knowing your real-world value right now is the difference between pricing to sell and pricing to sit.

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.