Westfort, Thunder Bay - September 2026 Real Estate Report

Westfort, Thunder Bay: What Your Neighbour Hasn't Told You Yet

The Vibe Right Now

If you've been watching the "For Sale" signs in Westfort, here's what's actually happening. The market is taking a breather - and depending on whether you own a house or a condo, that story looks pretty different for us.

Houses: The Honest Picture

Let's not sugarcoat it. House values in Westfort are sliding. The average HonestDoor Price sits at $372,535, down 5.83% from the previous period. The predicted market value of $395,583 is also trending down from a 3-month moving average of $415,115. That's a meaningful gap, and it tells us the momentum is still pointing south for now.

On the sales side, only 1 house sold recently at an average of $350,000, with a price per square foot around $318. Low volume like that makes it hard to read the room - one sale doesn't make a trend, but it doesn't inspire confidence either.

On the neighbourhood leaderboard, Westfort houses rank 26 out of 30 for growth in Thunder Bay. That puts us near the bottom of the pack. For price, we rank 4 out of 5 - below average. The neighbours in Green Acres, Edgewater Park, and Hyde Park are all coming in at higher prices right now.

There is one bright spot. If you're a landlord or thinking about becoming one, the rental yield on a Westfort house is 5.82% with an estimated rent of $2,008 per month. That's a strong return by any measure. The house market may be cooling, but the rental case holds up.

• Average HonestDoor Price (Houses): $372,535
• Price change: -5.83%
• Average sale price: $350,000
• Price per sq ft: $318
• Predicted market value: $395,583
• 3-month moving average: $415,115
• Estimated rent: $2,008/month
• Rental yield: 5.82%
• Growth rank: 26 out of 30 in Thunder Bay

Condos: A Different Story

Here's where Westfort gets interesting. The condo side is actually showing some life. The average HonestDoor Price is $302,422, down a modest 3.26%, but the predicted market value of $312,613 is climbing above the 3-month moving average of $299,460. That's the market moving in the right direction.

On the neighbourhood leaderboard, Westfort condos rank 10 out of 30 for growth in Thunder Bay. That's above average - a real contrast to the house numbers. And with a recent property value change of +20.20%, condos here are punching well above their weight compared to nearby Green Acres and Edgewater Park.

The rental yield on condos comes in at 4.17% with an estimated $1,667 per month in rent. That's moderate, not spectacular, but steady. If you own a Westfort condo, the numbers are quietly working in your favour right now.

• Average HonestDoor Price (Condos): $302,422
• Price change: -3.26%
• Predicted market value: $312,613
• 3-month moving average: $299,460
• Estimated rent: $1,667/month
• Rental yield: 4.17%
• Recent value change: +20.20%
• Growth rank: 10 out of 30 in Thunder Bay

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

Here's the thing about your city assessment - it's a snapshot from the past. It doesn't know what happened in your neighbourhood last month. The HonestDoor Price is updated in real time, pulling from actual market activity. Right now, with house values shifting by nearly 6% and condo predicted values moving above their 3-month average, the gap between what the city thinks your home is worth and what a buyer would actually pay can be significant.

If you're making any financial decision - refinancing, selling, even just curious - the HonestDoor Price is the real-world check you need. Don't let a stale government number be the last word on your biggest asset.

The So What - Thinking About Selling This Summer?

If you own a house in Westfort and you're thinking about listing this summer, the window to act is real. Values are trending down, and sitting on the sideline waiting for a rebound isn't a guaranteed play right now. Pricing sharp and moving quickly makes more sense than holding out for a number the market isn't offering.

If you own a condo, you're in a better spot. The predicted value is rising, the growth rank is above average, and you have some room to be patient. That said, summer buyer activity is your friend - don't sleep on it.

Either way, the first move is knowing your actual number. Check your HonestDoor Price before you call an agent, before you set a list price, and before you assume the city's assessment tells the whole story. It doesn't.

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.