Thibeault Terrace, North Bay - October 2026 Real Estate Report
Thibeault Terrace Real Talk: Your Home Is Worth More Than the City Thinks
The Vibe Right Now
If you live in Thibeault Terrace and you haven't checked your HonestDoor Price lately, now is the time. The market here is moving - and your city assessment is almost certainly not keeping up. Here is what is actually happening on the ground for houses and condos in our neighbourhood.
Houses: Taking a Breather, But Don't Panic
The average HonestDoor Price for a house in Thibeault Terrace sits at $442,229 right now. That is down 4.37% from the previous period, so yes, we are seeing a bit of a cooldown. But here is the thing - the predicted market value for houses is $462,453, and that number is actually climbing above the 3-month moving average of $457,353. The short-term dip and the forward-looking trend are telling two different stories, and the forward story looks better.
For anyone thinking about renting instead of selling, the numbers are genuinely strong. Estimated rent comes in at $2,364 per month with a rental yield of 5.71%. That is not a number you ignore. On the Airbnb side, you are looking at roughly $113 to $117 per night, which puts Thibeault Terrace at rank 9 in North Bay for short-term rental potential.
- Average HonestDoor Price - Houses: $442,229
- Recent price change: -4.37%
- Predicted market value: $462,453
- 3-month moving average: $457,353
- Estimated monthly rent: $2,364
- Rental yield: 5.71%
- Airbnb estimate: $113 to $117 per night
- Growth rank among comparable neighbourhoods: 6 out of 10
That growth rank of 6 out of 10 puts us in the middle of the North Bay neighbourhood leaderboard for houses. We are not leading the pack, but we are holding our own. Gateway comes in cheaper at $397,217 predicted value, which means Thibeault Terrace is still a step up from our neighbours to the south.
Condos: More Volatility, But a Real Upside Story
Condo owners need to pay close attention here. The average HonestDoor Price for condos dropped 15.08% to $304,225. That is a significant move and worth taking seriously. But - and this matters - the predicted market value tells a different story at $358,228, sitting above the 3-month moving average of $354,276 and showing a recent change of plus 3.25%.
What that gap between the current HonestDoor Price and the predicted value tells us is that condos in Thibeault Terrace may be underpriced relative to where the data says they are heading. Rental income for condos is estimated at $1,849 per month with a yield of 4.08% - moderate, but still meaningful. Airbnb potential runs around $80 per night.
- Average HonestDoor Price - Condos: $304,225
- Recent price change: -15.08%
- Predicted market value: $358,228
- 3-month moving average: $354,276
- Estimated monthly rent: $1,849
- Rental yield: 4.08%
- Airbnb estimate: $80 per night
- Growth rank among comparable neighbourhoods: 5 out of 10
On the neighbourhood leaderboard, condos rank 5 out of 10 - which actually places Thibeault Terrace in the above average tier for condo growth in North Bay. That is a better position than it sounds given the recent price drop. Worth watching closely.
The Secret Sauce: Why Your HonestDoor Price Beats Your Tax Assessment
Here is the honest truth about city assessments. They are snapshots from the past. By the time your assessment lands in your mailbox, the market has already moved on. The HonestDoor Price is updated in real time using actual sales data, current market signals, and predictive modelling. It is the real-world check that tells you what your home is worth today - not what a government office thought it was worth a year or two ago.
For Thibeault Terrace homeowners specifically, this gap matters. With predicted values running higher than current HonestDoor Prices for both houses and condos, there is a real chance your city assessment is lagging even further behind. Knowing your actual number gives you leverage - whether you are negotiating, refinancing, or just deciding whether to list this summer.
So What Does This Mean If You Are Thinking About Selling This Summer?
For house sellers - the short-term dip of 4.37% is real, but the predicted value of $462,453 climbing above the moving average suggests the market is not done. Selling into a recovering trend is a better position than waiting for another dip. Compared to nearby Downtown at $664,909, we are priced accessibly, which means motivated buyers who got priced out of Downtown are looking our way.
For condo sellers - the 15.08% drop is the headline, but the predicted value recovery to $358,228 is the real story. If you price smart and price based on your HonestDoor Price rather than a stale assessment, you can get ahead of the curve before the broader market catches up to what the data is already showing.
Bottom line - Thibeault Terrace is not the hottest neighbourhood in North Bay right now, but it is not cooling off either. It is finding its floor. For sellers who price accurately and move this summer, that is actually a decent window. Check your HonestDoor Price first. That number is your starting point for everything.
thibeault terrace | north bay | october 2026This 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.