Mary Lake, Whitehorse - September 2026 Real Estate Report

Mary Lake Real Estate: Your Neighbour Just Got a Reality Check

If you own a home in Mary Lake and you haven't looked at your HonestDoor Price lately, now is the time. The market here is shifting, and the number on your last tax assessment is almost certainly not the number a buyer would pay today. Here is what is actually going on.

The Vibe: Houses vs. Condos in Mary Lake

The two property types in our neighbourhood are telling very different stories right now, and it pays to know which one you own.

Houses - Taking a Breather, But Watch the Forecast

The average HonestDoor Price for a house in Mary Lake sits at $891,807. That is down 8.86% from the previous period - a real dip worth paying attention to. But here is the thing: the predicted market value for houses is $978,497, and that number is climbing. It is sitting above the 3-month moving average of $959,459, which tells us momentum is building back up.

• Average HonestDoor Price: $891,807 (down 8.86%)
• Predicted Market Value: $978,497 (trending up)
• 3-Month Moving Average: $959,459
• Recent Value Change: up 7.48%
• Average Rental Estimate: $3,853 per month
• Predicted Rent: $4,108 per month
• Rental Yield: 4.76%
• Airbnb Estimate: $191 per night (ranked 8th in Whitehorse)
• Neighbourhood Growth Rank: 19 out of 41 in Whitehorse - above average

That growth rank matters. Sitting at 19 out of 41 puts us solidly in the upper half of the Whitehorse neighbourhood leaderboard. We are not leading the pack, but we are ahead of more than half the city. For context, nearby Cowley Creek is fetching a predicted $1,144,373 and Spruce Hill is at $1,137,212 - both pricier than us, which also means Mary Lake still has room to run.

Condos - Holding Steady, But a Thin Market

Condos in Mary Lake are a different picture. The average HonestDoor Price is $427,667, with zero change from the previous period. The predicted value holds at the same number, and it is flat against the 3-month moving average. Stable is not bad - but it is not exciting either.

• Average HonestDoor Price: $427,667 (no change)
• Predicted Market Value: $427,667
• Average Rental Estimate: $2,217 per month
• Rental Yield: 3.97%
• Airbnb Estimate: $110 per night (ranked 12th in Whitehorse)
• Neighbourhood Growth Rank: 1 out of 1 in Whitehorse for condos

That growth rank of 1 out of 1 simply means Mary Lake is the only neighbourhood in this comparison set for condos right now. Read that as a thin data pool, not a red flag. Nearby Wolf Creek condos are at $429,400 and Pineridge at $443,000 - so we are priced competitively, just slightly below both.

The Secret Sauce: Why Your HonestDoor Price Beats Your Tax Assessment

Here is the honest truth about government assessments: they are a snapshot from the past. By the time that number lands in your mailbox, the market has already moved. In a neighbourhood like Mary Lake - where house values dropped nearly 9% in one period and then started climbing back with a 7.48% recent gain - a static assessment can be thousands of dollars off in either direction.

The HonestDoor Price is updated in real time using actual sales data. It is the number that reflects what a buyer would actually offer today, not what a government office calculated months ago. If you are a homeowner here, checking your HonestDoor Price right now gives you a real-world anchor before you make any decisions about selling, refinancing, or even just understanding what you actually own.

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

If you own a house in Mary Lake and you are thinking about listing this summer, the timing conversation is genuinely interesting. The current HonestDoor Price of $891,807 is below the predicted value of $978,497. That gap - roughly $87,000 - suggests the market is pricing in upward movement. Selling into a rising trend can work in your favour, but waiting too long means competing with more listings as summer heats up.

For condo owners, the calculus is simpler. Values are flat, the rental yield is a respectable 3.97%, and there is no urgent pressure either way. If you are not in a rush, holding and renting at an estimated $2,217 per month is a reasonable play while you watch what the house market does.

Either way, the first step is the same - pull your HonestDoor Price, compare it to what your neighbours are listing at, and make a decision based on today's numbers, not last year's assessment.

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.