Canon Ridge, Edmonton - July 2026 Real Estate Report

Canon Ridge, Edmonton: Your Home Is Worth Way More Than the City Thinks

If you have been glancing at your latest city assessment and feeling underwhelmed, here is the real picture. The average assessed value for a house in Canon Ridge sits at $353,885. But the average HonestDoor Price? $580,548. That is a 64% gap between what the city has on file and what the market is actually doing. For a condo, the gap is much tighter - assessed at $199,236 versus a HonestDoor Price of $200,009 - but the story is still worth knowing.

The Vibe: Houses vs. Condos in Canon Ridge

Houses - Steady, Fast, and Priced Above Average

If you own a house here, we are sitting in a pretty solid spot. The average sale price is $536,000, and homes are moving in an average of just 18 days. That days-on-market rank is 17 out of 103 comparable neighbourhoods in Edmonton - meaning our houses are among the fastest-selling in the city. That is not a small thing.

• Average sale price: $536,000
• Average list price this month: $542,800
• Price per square foot: $305
• Homes selling at 98.75% of list price - buyers are close to full ask
• Average days on market: 18
• Predicted market value: $576,015
• Estimated monthly rent: $2,225 with a rental yield of 5.81%
• Price rank: 137 out of 285 Edmonton neighbourhoods - above average
• Growth rank: 166 out of 302 - below average, but the market is stable

The market here is stable - not on fire, not cooling off. Buyers are paying nearly full price and not sitting on the fence for long. The predicted value of $576,015 is just slightly off the 3-month moving average of $576,216, so we are essentially flat right now. Think of it as the market catching its breath after a strong run.

Condos - A Mixed Bag Worth Watching

The condo side of Canon Ridge is a different story, and we should be honest about it. Sales are down 40% from last month - only 3 units sold - and properties are sitting on the market for an average of 174 days. Compare that to nearby Overlanders where condos move in 96 days, and it is clear our condo market is taking a breather right now.

• Average sale price: $200,000 - up 23.7% from last month
• Average list price this month: $144,900
• Price per square foot: $228
• Properties selling at 95.93% of list price
• Average days on market: 174
• Predicted market value: $201,749 - up from the 3-month average of $199,702
• Estimated monthly rent: $1,101 with a rental yield of 4.31%
• Growth rank: 63 out of 296 Edmonton neighbourhoods - above average
• Days-on-market rank: 93 out of 108 - among the slowest in Edmonton

Here is the silver lining for condo owners: the growth rank of 63 out of 296 puts us in the top quarter of Edmonton neighbourhoods for value movement. The predicted value is also ticking upward. The slow sales pace is the challenge, not the underlying value.

The Secret Sauce: Your HonestDoor Price vs. That City Assessment

Here is why this matters for your wallet right now. The city's assessed value is a snapshot from the past - it does not update in real time and it does not care what happened on your street last month. For Canon Ridge houses, that gap between the $353,885 assessment and the $580,548 HonestDoor Price is not a rounding error. It is $226,663 of real-world value that the city's paperwork is not capturing.

The HonestDoor Price pulls from actual recent transactions, current listing activity, and live market signals. It is the number a buyer would actually negotiate around today - not the number a city assessor locked in months ago. If you are making any financial decision - refinancing, selling, or just figuring out where you stand - the HonestDoor Price is the one to use.

For condo owners, the gap is much smaller ($199,236 assessed vs. $200,009 HonestDoor Price), but the direction of travel matters. The predicted value of $201,749 is climbing above the 3-month average, which means the real-time data is starting to pull ahead of the static assessment.

The 'So What?': Thinking About Selling This Summer?

For house sellers, the timing is reasonable. Homes are moving fast - 18 days on average - and buyers are paying 98.75% of list price. You are not leaving much on the table if you price it right. With 9 total transactions recorded in 2026 so far and only 1 sale in the most recent period, inventory is tight. Tight inventory usually helps sellers.

For condo sellers, patience is the word. The 174-day average sit time means you need to go in with realistic expectations and a sharp price. The good news is that the average sale price jumped 23.7% last month and the growth rank puts Canon Ridge condos in the top tier of Edmonton neighbourhoods. The demand is there - it just takes longer to find the right buyer right now.

Either way, before you call an agent or set a list price, pull your HonestDoor Price. It is the real-world check that tells you where the market actually is - not where the city decided it was a year ago.

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.