Westmount, London - August 2026 Real Estate Report

Westmount, London: Your Home Is Worth More Than The City Thinks - Here's The Proof

If you've been watching the "For Sale" signs in Westmount lately, here's what's actually happening. The market is taking a breather. Prices are easing slightly, but this neighbourhood is still punching above its weight in London's overall rankings. Before you make any move - buying, selling, or refinancing - here's the real picture.

The Vibe: Houses vs. Condos in Westmount Right Now

Let's break it down for us locals, because houses and condos are telling two different stories right now.

Houses

• Average HonestDoor Price: $778,496 (down 0.67% from last period)
• Average sale price this month: $735,000
• Active listings averaging: $739,900
• Price per square foot: $262
• Homes selling at 99.34% of list price - buyers are getting a small edge
• Average days on market: 15 days
• Estimated monthly rent: $3,506
• Airbnb potential: $174 per night
• Rental yield: 5.12% - that is a strong return
• Growth rank: 31 out of 40 neighbourhoods in London
• Price rank: 7 out of 19 - we sit above average in London for home values
• Days-on-market rank: 5 out of 12 - homes here move moderately fast

The honest read on houses? We are in a stable buyers' market. That 99.34% sale-to-list ratio means sellers are not giving homes away, but buyers have just enough leverage to negotiate. One sale recorded this month is a thin data set, so do not read too much into a single transaction. The 15-day average on market tells us demand is still real - this is not a neighbourhood where homes sit and collect dust.

The growth rank of 31 out of 40 is the number worth watching. On the neighbourhood leaderboard, Westmount houses are sitting in the bottom half for growth right now. That is not a crisis - it is a signal. It means we have room to climb back, and buyers who move now could be picking up value before that happens.

Condos

• Average HonestDoor Price: $386,994 (down 1.16% from last period)
• Predicted market value: $391,540
• 3-month moving average: $397,472 - values are easing
• Estimated monthly rent: $1,960
• Rental yield: 4.03% - moderate but respectable
• Airbnb potential: $97 per night
• Growth rank: 26 out of 39 neighbourhoods in London

Westmount condos are the entry point into this neighbourhood - and compared to nearby areas, they are genuinely affordable. Bostwick condos average $518,728. Byron sits at $582,198. Talbot is all the way up at $783,301. Our condos at $386,994 are the most accessible option in this corner of London. The 1.16% dip is worth noting, but a 4.03% rental yield means investors are still making this work.

On the neighbourhood leaderboard, condo growth ranks 26 out of 39. Below average, yes - but not at the bottom. There is a floor here, and the rental demand backs that up.

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

Here is something most Westmount homeowners do not realize. Your city tax assessment is a snapshot from the past. It does not update in real time, and it does not reflect what a buyer would actually pay for your home today.

The HonestDoor Price is the real-world check. It pulls current market signals - recent sales, listing activity, neighbourhood trends - and gives you a live number. Right now, the HonestDoor Price for a Westmount house is $778,496. The predicted market value for houses sits at $783,754. Compare that to the 3-month moving average of $790,555 and you can see the direction of travel - values are easing slightly.

That gap between your old assessment and your HonestDoor Price could be thousands of dollars in either direction. If you are thinking about selling, refinancing, or even just understanding your net worth, waiting for the city to catch up is the wrong move. Check your HonestDoor Price now, not in two years when the next assessment rolls around.

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

If selling is on your mind, here is the straight talk.

The window is open, but it is not wide open. Houses are moving in 15 days on average, which means serious buyers are still out there. But with values down 1.25% recently and the growth rank sitting at 31 out of 40 on the London leaderboard, this is not a market where you can overprice and wait. Buyers are paying 99.34% of list - they are close to full price, but they are not in a frenzy.

Price it right from day one. A home listed at $739,900 in line with current averages has a real shot. Push it too high and you will sit. In a 15-day average market, anything past 30 days starts to look stale.

For condo owners, the story is similar. Values are drifting down toward $391,540 from a 3-month average of $397,472. If you have been sitting on the fence, sooner beats later. The rental yield of 4.03% means investors are watching this market - and a well-priced condo will find a buyer.

Bottom line for Westmount this summer - price sharp, move fast, and know your real number before you list. Your HonestDoor Price is where that conversation starts.

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.