If you have been watching the "For Sale" signs in Loretteville, here is the honest picture. The market is taking a breather. The average HonestDoor Price for a house sits at $371,541, down about 0.72% from the last period. Not a crash - more like a slow exhale after a long run.
We are also seeing the predicted market value come in at $374,235, which is nudging just below the 3-month moving average of $374,980. That gap is small, but it tells us the momentum has shifted slightly to the buyer's side. Nothing dramatic, but worth knowing before you price your home.
Here is where it gets interesting for us as homeowners. Even with values softening, the rental story is solid. Average rental income is estimated at $1,928 to $1,940 per month, and the rental yield lands at 5.86%. That is a strong number. It means if you are holding a property in Loretteville, the income potential is doing real work for you even while prices cool.
On the short-term side, Airbnb estimates come in around $96 per night. Loretteville ranks 28th in Quebec for Airbnb potential - not the top of the pack, but a legitimate option if you have the right setup.
Context matters. Des Chatels next door is priced slightly higher at $392,016 with rental estimates around $2,015 per month. Notre-Dame-Des-Laurentides is in a completely different price tier at $682,786 - that is not a typo. If you are a Loretteville homeowner, you are sitting in the more accessible end of this local market, which actually works in your favour when buyers are stretching their budgets.
Here is the thing most homeowners do not realize. Your city assessment is a snapshot from the past - sometimes 12 to 24 months old by the time it lands in your mailbox. The market does not wait for paperwork. The HonestDoor Price is updated in real time, pulling from actual sales data and current market signals. Right now, with values shifting by nearly 0.78%, that difference between your old assessment and your real-world value could mean tens of thousands of dollars in either direction.
Checking your HonestDoor Price today is not just a curiosity - it is the real-world check that tells you where you actually stand, not where you stood a year ago.
Straight talk: this is not the red-hot seller's market of two years ago. Loretteville sits at rank 23 out of 32 Quebec neighbourhoods for growth right now - that is below average on the leaderboard. Buyers have a bit more leverage than they did.
That does not mean you should wait. It means you need to price sharp from day one. Overpriced homes are sitting longer, and a stale listing in a softening market is the worst outcome. If your home is priced at or just under that $374,235 predicted value mark, you are in the conversation. Price above it without a strong reason, and you are handing buyers an excuse to walk.
The 5.86% rental yield also gives you a card to play. Buyers who are on the fence between buying and renting respond to that number. Lead with it if your home could work as an income property.
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.