Westmount, Peterborough - July 2026 Real Estate Report

Westmount, Peterborough: Your Home Is Worth More Than Your Tax Bill Says

If you live in Westmount and you haven't checked your HonestDoor Price lately, you're probably making decisions based on stale numbers. Here's the real picture right now - and it's more interesting than you'd think.

The Vibe: What's Actually Happening in Our Neighbourhood

Westmount is a split story right now, and it depends entirely on what type of property you own. Let's break it down honestly.

Houses: Taking a Breather, But Still Solid

Our houses are showing an average HonestDoor Price of $714,866 - down 2.86% from the previous period. That's the market taking a breather, not falling off a cliff. The forward-looking predicted value sits at $735,889, which is actually creeping up past the 3-month moving average of $734,190. So the short-term dip looks like a pause, not a trend.

• Average HonestDoor Price: $714,866
• Recent change: -2.86%
• Predicted market value: $735,889
• 3-month moving average: $734,190
• Average rental estimate: $3,337 per month
• Rental yield: 5.18% - that's a strong return
• Airbnb estimate: $166 per night
• Neighbourhood growth rank: 17 out of 25 in Peterborough

That 5.18% rental yield is worth pausing on. For anyone who owns a house here and is thinking about renting it out, that number puts us in genuinely strong territory. The Airbnb rank of 8 in Peterborough also tells us short-term rental demand in Westmount is real.

On the leaderboard, houses rank 17 out of 25 Peterborough neighbourhoods for growth. Below average, yes - but we're not at the bottom, and the predicted value trend is pointing upward. Jackson Creek next door is sitting at $731,171, which means we're in the same conversation price-wise.

Condos: The Surprise Story

Condos in Westmount are doing something different. The average HonestDoor Price jumped 7.76% to $599,122. That's a meaningful move. The predicted value is $555,956, which is slightly below the 3-month moving average of $558,632 - so there's a little softness in the very short term, but that 7.76% gain is hard to ignore.

• Average HonestDoor Price: $599,122
• Recent change: +7.76%
• Predicted market value: $555,956
• 3-month moving average: $558,632
• Average rental estimate: $2,878 per month
• Rental yield: 3.72% - moderate but steady
• Airbnb estimate: $143 per night
• Neighbourhood growth rank: 17 out of 22 in Peterborough

Condo growth ranks 17 out of 22 comparable neighbourhoods. Below average on the leaderboard. But that 7.76% price increase suggests buyers are still showing up for the right units. Compared to nearby Greenhill at $467,562 and Jackson Creek at $502,877, Westmount condos are priced at a premium - which means sellers here have real leverage if they position well.

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

Here's the thing about your city tax assessment - it's a snapshot from the past. It doesn't know what happened in the market last quarter. It doesn't know that condo prices in Westmount just moved 7.76%. It definitely doesn't know what a buyer would actually pay for your home today.

The HonestDoor Price is updated in real time using actual market activity. It's the number that reflects what's happening on the street right now - not what a government office calculated months or years ago. If you're a Westmount homeowner, your assessment and your HonestDoor Price could be telling you two very different stories. One of them is current. The other one isn't.

Checking your HonestDoor Price takes two minutes. Making a major financial decision based on an outdated assessment could cost you a lot more than that.

The So What - Thinking About Selling This Summer?

If you own a house in Westmount and you're weighing a summer sale, the honest answer is: the window is open, but it's not wide open. The predicted value of $735,889 is moving in the right direction, and a $3,337 monthly rental estimate gives you a real fallback if you decide to hold. The 5.18% yield means this asset is working for you either way.

If you own a condo, that 7.76% gain is your friend right now. Buyers who got priced out of Jackson Creek or Bonnerworth are looking at Westmount. You're the more affordable option in a neighbourhood that still commands a premium over Greenhill and Jackson Creek condos. That's a decent position to sell from.

Either way, the move is the same - check your HonestDoor Price before you talk to anyone. Know your real number. Then decide.

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.