Villeray Saint Michel Parc Extension, Montreal - August 2026 Real Estate Report

Villeray Saint Michel Parc Extension: Solid Ground, But the Numbers Are Moving

If you own a place in Villeray Saint Michel Parc Extension and you haven't checked your home's value lately, now is the time to pay attention. The market here isn't crashing, but it isn't standing still either. Here's the real picture.

The Vibe: Houses vs. Condos

We've got two different stories playing out in our neighbourhood right now, depending on what you own.

Houses: The average HonestDoor Price sits at $873,139, down just 0.02% from last period - basically a rounding error. Recent sales are averaging $1,075,350, with price per square foot around $427. Only 2 houses sold last month, so the sample is thin, but the pricing held firm. On the neighbourhood leaderboard, our growth rate ranks 13 out of 27 comparable Montreal neighbourhoods - that puts us in above-average territory. Price rank is 6 out of 16, meaning we're priced above most of the pack. Compared to nearby areas, Rosemont La Petite Patrie ($940,858) and Saint Leonard ($943,302) are running slightly ahead of us, while Le Plateau Mont Royal ($1,146,951) is in a different league entirely.

Condos: This is where things get interesting for us. The average HonestDoor Price for condos is $451,923, up 0.89% from last period - a small but real move in the right direction. Recent sales hit $800,000 on average, at $762 per square foot, which is actually ahead of nearby Rosemont La Petite Patrie's condo sales average of $680,000. The growth rank here is 11 out of 20 - below average for Montreal condos - so we're not leading the pack, but we're holding our own. Price rank is 3 out of 11, meaning our condos are priced above most comparable neighbourhoods in the city.

• House HonestDoor Price: $873,139 (down 0.02%)
• House avg. sale price: $1,075,350 at $427 per sq ft
• House rental estimate: $3,789 per month - rental yield of 4.99%
• House growth rank: 13 out of 27 Montreal neighbourhoods (above average)
• Condo HonestDoor Price: $451,923 (up 0.89%)
• Condo avg. sale price: $800,000 at $762 per sq ft
• Condo rental estimate: $2,279 per month - rental yield of 3.93%
• Condo growth rank: 11 out of 20 Montreal neighbourhoods (below average)
• Airbnb potential: $188 per night for houses, $113 per night for condos

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

Here's the thing about your city assessment - it's a snapshot from the past. The city looks at sales data from a window that can be 12 to 24 months old, then locks that number in for years. Your property tax bill is based on that frozen figure, not on what your home is actually worth today.

The HonestDoor Price is updated in real time. It pulls in current sales, current market shifts, and current comparable data. For house owners in Villeray Saint Michel Parc Extension, the 3-month moving average is sitting at $873,955, and the current predicted value of $873,317 is just slightly below that. For condo owners, the 3-month average is $453,215, with the current predicted value at $447,958. Both are drifting down slightly - which is exactly the kind of early signal your city assessment would never catch in time.

Knowing your real number isn't just satisfying. It's useful. It tells you whether you're underpriced, overpriced, or right on the money before you make any move.

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

If you're a house owner here and you're weighing a summer sale, the honest read is this: the market is taking a breather. Values are down 0.86% recently, and with only 2 sales last month, buyer activity is quiet. That doesn't mean you can't sell well - it means you need to price sharp and present well. The gap between the HonestDoor Price ($873,139) and recent sale prices ($1,075,350) tells us that well-positioned homes are still commanding strong numbers. You just can't be lazy about it.

For condo owners, the picture is a bit more cautious. Values are down 1.37% recently, and the 3-month trend is softening. But here's the upside - our condo sale prices are beating Rosemont La Petite Patrie right now, which means buyers are still willing to pay a premium to be in this neighbourhood. If your unit is in good shape and priced honestly, summer is still a workable window.

Bottom line: don't guess at your number. Check your HonestDoor Price, compare it to what's actually sold nearby, and go into any conversation with an agent knowing exactly where you stand. That's the advantage your neighbour who skipped this step won't have.

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.