Westmount, Peterborough - August 2026 Real Estate Report

Westmount, Peterborough: Your Neighbour Just Got a Surprise on Their Assessment. Here's the Real Number.

If you own a home in Westmount and you haven't checked your HonestDoor Price lately, now is the time. The market here is doing two very different things depending on what you own - and the gap between your city assessment and your actual market value is wider than most people think.

The Vibe: Houses vs. Condos in Westmount

We're seeing a split market right now, and it matters a lot depending on which side of it you're on.

Houses

• Average HonestDoor Price: $730,333 - up 2.16% from the previous period
• Predicted market value right now: $714,866
• 3-month moving average: $727,413 - so values are dipping slightly below that trend
• Recent price change: -2.86%
• Estimated rent: $3,337 per month
• Rental yield: 5.22% - that's a strong return by any measure
• Airbnb potential: roughly $166 per night
• Neighbourhood growth rank: 9 out of 25 in Peterborough - solidly above average

Houses in Westmount are taking a small breather. The predicted value has slipped about 1.7% below the 3-month average, and the recent -2.86% change tells us we're in a soft patch, not a freefall. For us as homeowners, that means the window to list at peak is narrowing - but it hasn't closed. The rental yield of 5.22% is genuinely strong, which means investors are still paying attention to our streets.

Condos

• Average HonestDoor Price: $577,096 - down 3.68% from the previous period
• Predicted market value right now: $599,122
• 3-month moving average: $571,687 - values are actually climbing above that trend
• Recent price change: +7.76%
• Estimated rent: $2,878 per month
• Rental yield: 3.64% - moderate but steady
• Airbnb potential: roughly $143 per night
• Neighbourhood growth rank: 7 out of 22 in Peterborough - above average

Condos are the surprise story here. While the average HonestDoor Price dipped 3.68%, the predicted value is actually running above the 3-month moving average - and that recent +7.76% change is a real signal. Condo buyers in Westmount are active. If you own one, this momentum is worth watching closely.

The Secret Sauce: Why Your HonestDoor Price Beats Waiting for the City

Here's the thing about your municipal assessment - it's a snapshot from the past. The city runs those numbers on a cycle, and by the time that paper lands in your mailbox, the market has already moved on. Your HonestDoor Price updates in real time, pulling in actual sales data from around Westmount and comparable neighbourhoods right now.

For houses, the HonestDoor Price of $730,333 is already telling a different story than a static assessment would. For condos, the predicted value of $599,122 is running ahead of the 3-month average - something a government assessment would completely miss. If you're making any financial decision - refinancing, selling, even just knowing where you stand - the HonestDoor Price is the number that actually reflects today, not two years ago.

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

For house owners, the honest answer is: move with intention. Values are still healthy at $730,333 on average, but the recent -2.86% dip and the predicted value sitting below the 3-month average suggest the peak may be just behind us. Listing this summer while buyer demand is still present makes more sense than waiting to see if that trend reverses.

For condo owners, the picture is more encouraging. That +7.76% recent change and a predicted value above the moving average means momentum is on your side right now. Summer could be a genuinely good window to test the market.

Either way, here's how we stack up against the neighbours:

• Westmount houses vs. Bonnerworth houses: Bonnerworth is cheaper at $626,368 - Westmount commands a premium
• Westmount houses vs. Jackson Creek houses: Jackson Creek edges us out at $743,412 - they're the benchmark to watch
• Westmount condos vs. Bonnerworth condos: Bonnerworth condos are significantly higher at $815,189 - a different buyer pool entirely
• Westmount condos vs. Jackson Creek condos: We're ahead at $577,096 vs. $477,284 - Westmount wins that comparison

Bottom line - Westmount sits in a solid spot on the Peterborough leaderboard. Houses rank 9th out of 25 neighbourhoods for growth. Condos rank 7th out of 22. We're not leading the pack, but we're consistently in the top third. That's a neighbourhood worth owning in.

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.