The Lakes, Morinville - August 2026 Real Estate Report

The Lakes, Morinville: Your Home Is Worth More Than the City Thinks

The Headline

"Hey, did you see what homes in The Lakes are actually selling for?" That is the conversation happening right now. While a lot of Morinville neighbourhoods are sitting still, The Lakes is quietly climbing the leaderboard - and most homeowners here have no idea.

The Vibe - What Is Actually Happening on the Ground

If you have been watching the "For Sale" signs in The Lakes, here is what is actually happening. We are looking at a stable but competitive market for houses right now. The average sale price is sitting at $540,000, with active listings averaging $549,900. That gap is small, which tells us sellers are pricing close to reality.

• Average Sale Price: $540,000
• Average List Price: $549,900
• Price Per Square Foot: $372
• Sale-to-List Ratio: 98.20% - buyers are paying just under asking
• Average Days on Market: 35 days

The 98.20% sale-to-list ratio is the number to pay attention to. It means buyers are not walking away with huge discounts, but they do have a little room to negotiate. For us as homeowners, that is actually a healthy sign - this is not a fire-sale market. Properties are moving at fair value.

One thing to be straight about: sales volume is low right now, with 1 property sold this period. That means each sale carries a lot of weight in the numbers. Take the averages as a directional signal, not a guarantee.

The Neighbourhood Leaderboard

Here is where The Lakes gets interesting. Out of 14 comparable neighbourhoods tracked in Morinville, The Lakes ranks number 1 for growth. That is not a small thing. It means our property values are moving faster than almost every other pocket in the city right now.

• Growth Rank: 1 out of 14 neighbourhoods - top of the pack
• Price Rank: 3 out of 13 - above average in Morinville
• Recent Value Change: up 2.87%
• Days-on-Market Rank: 8 out of 9 - homes here do take a bit longer to sell, so pricing right matters

Compare that to our neighbours. Poplar Grove homes average $427,014, Larose Place sits at $418,815, and Sunshine Estates comes in at $397,553. The Lakes is running $70,000 to $100,000 ahead of those areas. That premium is real, and it is holding.

The Secret Sauce - Why Your HonestDoor Price Matters Right Now

Here is the thing about your city tax assessment: it is a snapshot from the past. It does not know that The Lakes just ranked first in Morinville for growth. It does not know that your price per square foot is $372 and climbing. It is a static number built on old data.

The HonestDoor Price is the real-world check. Right now, the average HonestDoor Price for a house in The Lakes is $496,883 - up 1.15% from the previous period. The predicted market value is $491,248, and that number is trending upward against a 3-month moving average of $481,156. That upward curve is the story your assessment is not telling you.

• Average HonestDoor Price: $496,883
• HonestDoor Price Change: up 1.15%
• Predicted Market Value: $491,248
• 3-Month Moving Average: $481,156 - and current value is above it

If you are basing any financial decision - refinancing, selling, even just knowing your net worth - on your last assessment, you are working with an outdated map. Check your HonestDoor Price. It updates in real time, and right now it is telling a better story than the city's paperwork.

The "So What?" - Should You Sell This Summer?

If you are thinking about listing this summer, here is the honest take. The market is stable, not explosive. You are not going to get a bidding war frenzy, but you are also not going to be slashing your price. Buyers are paying 98.20% of list - close to full value.

The 35-day average time on market means you need to price it right from day one. Overpriced homes in The Lakes are sitting. Correctly priced homes are selling. That is the difference between a smooth summer sale and a frustrating fall.

The rental angle is also worth knowing. If selling is not the right move yet, the average rental estimate here is $2,512 per month, with a rental yield of 5.65%. That is a strong return. Holding the property and renting it is a legitimate option, not just a fallback.

And if short-term rental is on your radar, The Lakes ranks 2nd in all of Morinville for Airbnb potential, with an estimated $125 per night. That is not nothing.

• Average Rental Estimate: $2,512 per month
• Rental Yield: 5.65%
• Airbnb Estimate: $125 per night
• Airbnb Rank in Morinville: 2nd

Bottom line - The Lakes is in a strong spot relative to the rest of Morinville. If you are selling, price it sharp and move with confidence. If you are holding, your asset is working for you. Either way, pull up your HonestDoor Price today and know exactly where you stand.

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.