Notre Dame, Morinville - August 2026 Real Estate Report

Notre Dame, Morinville: Your Neighbour Just Got a Better Price Than You Think

The Vibe Right Now

If you've been watching the "For Sale" signs on your street, here's what's actually happening in Notre Dame. The market is sending mixed signals - and knowing which ones to trust could be worth tens of thousands of dollars to you.

Houses: Strong Demand, But Prices Are Taking a Breather

The headline number looks a little rough - the average sale price for houses sits at $506,300, which is down 8.0% from last month. But before you panic, look at what buyers are actually doing. Homes sold for 101.34% of list price on average. That means buyers in our neighbourhood are still paying above asking. The price dip is real, but demand hasn't walked out the door.

• Average sale price: $506,300 (down 8.0% from last month)
• Average list price this month: $499,600
• Sale-to-list ratio: 101.34% - buyers are paying over asking
• Average days on market: 13 days
• Properties sold this month: 3
• Price per square foot: $296
• Rental yield: 5.73% - that is a strong return for landlords
• Estimated monthly rent: $2,283

Thirteen days on market is fast. That is not a neighbourhood where homes sit and collect dust. On the Morinville days-on-market leaderboard, we rank 4 out of 9 - right in the middle, leaning toward the quicker end. For price, we rank 2 out of 13. We are near the top of the Morinville price ladder, which matters when you are thinking about what your home is actually worth.

The honest part? Growth rate ranks 8 out of 14 in Morinville - below average. Values have dipped 2.77% recently, and the predicted market value of $446,033 is running slightly below the 3-month average of $452,200. The market is catching its breath. It is not crashing - it is recalibrating.

Condos: The Quiet Outperformer

Condo owners in Notre Dame, we have some good news. The HonestDoor Price for condos is up 10.00% from the previous period, sitting at $207,700. That is a meaningful jump. The predicted market value is $188,814, and it is trending upward - beating the 3-month moving average of $186,238. Small but consistent gains are exactly what steady equity looks like.

• Average HonestDoor Price: $207,700 (up 10.00%)
• Predicted market value: $188,814 and climbing
• 3-month moving average: $186,238
• Recent value change: up 0.80%
• Estimated monthly rent: $1,039
• Rental yield: 4.35% - moderate but respectable
• Growth rank: 5 out of 11 in Morinville - above average

On the Morinville condo growth leaderboard, Notre Dame sits 5 out of 11 - above average. Compare that to houses ranking 8 out of 14, and it is clear: right now, condos are quietly holding their own better than the house segment is.

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

Here is the thing about your city assessment - it is a snapshot taken months ago, sometimes longer. It does not know that buyers in Notre Dame are paying over list price right now. It does not know that condo values just moved up 10.00%. It is looking in the rearview mirror while the road ahead has already changed.

The HonestDoor Price is updated in real time. It pulls in actual sales, current listing activity, and live market signals - not last year's data. For houses, that average sits at $465,467, up 4.36%. For condos, it is $207,700, up 10.00%. Those are the numbers a buyer's agent is working with right now. Your tax assessment is not.

If you are using your assessment to decide whether to sell, refinance, or even just understand what you own - you are making a financial decision with outdated information. Check your HonestDoor Price. It is the real-world number, not the government's best guess from six months ago.

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

If you are a house owner in Notre Dame and you are thinking about listing this summer, the window is real but it is not wide open forever. Buyers are still paying over asking - that 101.34% sale-to-list ratio is your friend. Homes are moving in 13 days. But prices have softened recently, and the growth rank of 8 out of 14 tells us we are not leading the Morinville pack right now.

The play? Price it sharp and price it right. Overpriced homes will sit. Correctly priced homes in Notre Dame are still getting multiple looks and selling fast. Use the HonestDoor Price as your anchor, not your assessment, and not wishful thinking from 2023.

For condo owners, the story is actually better than most people realize. Values are ticking up, the growth rank is above average, and a 4.35% rental yield means investors are paying attention. If you are even considering a sale, this is a decent moment to at least know your number.

Bottom line - Notre Dame is not a market in trouble. It is a market in transition. The sellers who win this summer will be the ones who know exactly what they have, price it honestly, and move while buyers are still showing up ready to pay.

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.