Willowridge Martingrove Richview, Etobicoke - August 2026 Real Estate Report

Willowridge Martingrove Richview: "Prices Are Holding, But the Condo Side Is Worth Watching"

The Vibe Right Now

If you've been watching the "For Sale" signs around Willowridge Martingrove Richview lately, here's the honest read: the house market is steady, but the condo side is taking a real breather. These two stories are moving in different directions, and where you sit depends entirely on what you own.

Houses - Stable, But Buyers Are in the Driver's Seat

For us house owners, the numbers are relatively calm. The average sale price came in at $1,105,000, and listings are sitting around $1,148,800 this month. That gap matters - buyers are negotiating, and homes are closing at about 96% of list price on average. That means if you list at $1,100,000, expect offers closer to $1,058,000. Plan accordingly.

• Average HonestDoor Price: $1,206,203 (down 0.18% from last period)
• Average sale price: $1,105,000
• Current average listing price: $1,148,800
• Price per square foot: $491
• Homes selling at: 96.19% of list price
• Average days on market: 18 days
• Estimated monthly rent: $4,771
• Airbnb potential: $237 per night (ranked 8th in Etobicoke)

Eighteen days on market is actually decent for this climate - we rank 4 out of 9 neighbourhoods in Etobicoke for selling speed. Not the fastest, but far from slow. The bigger flag is our growth rank: 20 out of 20 in Etobicoke. Dead last on the neighbourhood leaderboard. That is not a reason to panic, but it is a reason to pay attention.

Condos - The Dip Is Real

The condo picture is where we need to be straight with each other. The average HonestDoor Price for condos here is $545,854, but it has dropped 2.16% from the previous period. The predicted market value sits at $500,130 - and that number is sliding below the 3-month moving average of $534,796. Property values have shifted -7.85% recently. That is not a rounding error.

• Average HonestDoor Price (condos): $545,854 (down 2.16%)
• Predicted market value: $500,130
• 3-month moving average: $534,796
• Recent value change: -7.85%
• Estimated monthly rent: $2,710
• Rental yield: 3.83%
• Airbnb potential: $135 per night (ranked 6th in Etobicoke)
• Growth rank: 19 out of 20 in Etobicoke

On the neighbourhood leaderboard, our condos rank 19 out of 20 for growth in Etobicoke. The one silver lining - our condo values still edge out nearby Kingsview Village The Westway ($495,488) and sit just below Princess Rosethorn ($510,197). We are not the worst option for buyers, but sellers need to be realistic about pricing.

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

Here is the thing about your city assessment: it is a snapshot from the past. It does not know that condo values in our neighbourhood have shifted nearly 8% recently. It does not know that house prices are nudging below the $1.2 million mark. Your property tax bill is calculated on a number that could be months or years out of date.

The HonestDoor Price is updated in real time using actual market signals - recent sales, listing trends, and neighbourhood comparisons. Right now, the HonestDoor Price for houses here is $1,206,203. The actual recent sale average is $1,105,000. That gap is your reality check. If you are pricing a home to sell based on an old assessment, you could be leaving money on the table - or worse, sitting unsold while the market moves around you.

Check your HonestDoor Price now. Not next spring. Now.

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

If you own a house here and are thinking about listing this summer, the window is open - but it is not wide open. Buyers are paying below list price, growth is ranked last in Etobicoke, and nearby neighbourhoods like Princess Rosethorn ($1,670,800 average) and Humber Heights Westmount ($1,665,943 average) are pulling buyers who want to spend more. We are the most affordable option in the area - ranked 9 out of 9 on price in Etobicoke - which is actually a selling point if you frame it right. Lead with value, price sharp from day one, and do not chase the market down.

If you own a condo here and are thinking about selling, be honest with yourself about timing. A -7.85% recent shift and a bottom-tier growth rank means the market is not doing you any favours right now. If you can hold, it may be worth waiting for conditions to stabilize. If you need to move, price aggressively and do not anchor to what your unit was worth 12 months ago.

Either way - house or condo - pull your HonestDoor Price first. It is the most current number you have, and in this market, current is everything.

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.