If you've been watching the "For Sale" signs in Mcrae, here's what's actually happening. The average HonestDoor Price sits at $1,958,830. That's a serious number - nearly double what you'd find in neighbouring spots like Mount Sima Industrial ($934,994) or Fox Haven ($949,650). Mcrae is in a different league, and homeowners here should know it.
That said, prices are taking a breather. We're seeing a -2.37% dip from the previous period, and the predicted market value of $2,006,464 is nudging down against a 3-month moving average of $2,010,243. It's not a freefall - it's a slow exhale. But it's worth paying attention to if you're thinking about making a move.
Here's where Mcrae gets interesting for investors and owners alike. The average rental estimate comes in at $6,684 per month, with a rental yield of 3.85%. That's a moderate but real return on a high-value asset. Compare that to Whitehorse Copper at $3,725 per month or Fox Haven at $4,070 - Mcrae pulls significantly ahead on rental income potential.
On the short-term rental side, Mcrae holds the number 1 Airbnb rank in all of Whitehorse. The nightly estimate runs around $332, which translates to roughly $339 per month in Airbnb income potential. If you have a suite or a secondary space, that ranking matters - it means Mcrae properties are among the most in-demand for short-term stays in the entire city.
Here's the thing about your city assessment - it's a snapshot from the past. It gets updated once a year, sometimes less, and it doesn't account for what's happening on your street right now. The HonestDoor Price is a real-time read on what your home is actually worth in today's market.
In a neighbourhood like Mcrae, where values are sitting close to $2 million and the market is shifting month to month, that gap between your assessment and your real-world value can be significant. Relying on an outdated government number to make a selling or refinancing decision is like checking last year's weather forecast before heading out the door. The HonestDoor Price gives us a live read - and right now, that read is telling us prices are softening slightly but still sitting well above anything nearby.
Mcrae ranks 10 out of 40 neighbourhoods in Whitehorse for growth. That puts us in the top quarter of the city. That's a leaderboard position worth knowing when you're deciding whether to hold or sell.
If you're thinking about listing this summer, the honest answer is: the timing still works in your favour, but don't wait forever. Prices have dipped -4.45% recently and the trend line is pointing slightly downward. The market isn't crashing - but it's not climbing either.
What you have going for you is context. Every comparable neighbourhood nearby is priced at less than half of what Mcrae commands. Buyers who want this address know they're paying a premium, and the number 1 Airbnb ranking in Whitehorse gives investors a real reason to pay up. That demand doesn't disappear overnight.
The move right now is to check your HonestDoor Price, compare it to what your last assessment said, and have an honest conversation about whether this summer's market matches your goals. If there's a $200,000 or $300,000 gap between what the city thinks your home is worth and what HonestDoor is showing - and there very well could be at this price point - that's the number you need to be working with.
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.