Canossa, Edmonton - August 2026 Real Estate Report

Canossa, Edmonton: Your Home Is Worth More Than the City Thinks

If you own a home in Canossa and you have not checked your HonestDoor Price lately, now is the time. The city's assessment is sitting at an average of $470,594 - but the real-world market is already past that. Here is what is actually going on in our neighbourhood right now.

The Vibe: Houses vs. Condos

Houses - Moving Fast and Gaining Ground

If you have been watching the "For Sale" signs in Canossa, here is what is actually happening. Houses are selling quickly and holding their value well. The average sale price hit $494,900 this month - up 3.6% from last month. Listings are sitting at $499,900 on average, and homes are selling at 99% of list price. That means buyers are not getting much of a discount. Sellers, take note.

• Average sale price: $494,900 (up 3.6% from last month)
• Average listing price: $499,900
• Price per square foot: $305
• Sale-to-list ratio: 99% - buyers are paying close to full ask
• Average days on market: 13 days
• Days-on-market rank: 12 out of 108 neighbourhoods - one of the fastest in Edmonton
• Predicted market value: $484,006 (up from 3-month average of $477,663)
• Estimated monthly rent: $2,459 with a rental yield of 5.67%
• Growth rank: 58 out of 292 neighbourhoods - top tier in Edmonton

Thirteen days on market is not a slow neighbourhood - that is a neighbourhood where buyers are ready to move. We are ranked 12th out of 108 Edmonton neighbourhoods for speed of sale. That is a number worth bragging about at the next block party.

Condos - Steady, Not Flashy

The condo side of Canossa is a different story, and we should be honest about it. The average sale price is $260,000, essentially flat right now. Buyers paid about 96.3% of list price, which means there is a bit more room to negotiate compared to the house market. Still, condos here are moving - average days on market is just 21 days, and we rank 15th out of 111 Edmonton neighbourhoods for condo sales speed. That is still very fast.

• Average sale price: $260,000
• Average listing price: $269,900
• Price per square foot: $184
• Sale-to-list ratio: 96.33%
• Average days on market: 21 days
• Days-on-market rank: 15 out of 111 - very fast-selling
• Predicted market value: $281,670 (up from 3-month average of $279,382)
• Estimated monthly rent: $1,519 with a rental yield of 4.22%
• HonestDoor Price: $278,331 (down 1.19% from previous period)
• Growth rank: 110 out of 302 - above average in Edmonton

The HonestDoor Price for condos dipped 1.19% from the last period. It is not a freefall - it is the market taking a breather. If you own a condo here and are thinking about your next move, watch the next 60 days closely.

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

Here is the thing about the city's assessed value - it is a snapshot from the past. The average assessed value in Canossa is $470,594. The average HonestDoor Price for houses is $485,600. That is a gap of roughly $15,000, and it is already 3.19% higher than Edmonton's average assessed value. The HonestDoor Price updates in real time using actual market activity. The city's number does not.

Think of it this way. If you were selling your car, you would not price it based on what a book said it was worth two years ago. You would check what similar cars sold for last week. That is exactly what the HonestDoor Price does for your home. It is the real-world check that your tax assessment simply cannot give you.

With 983 properties assessed in Canossa and 33 total transactions recorded in 2026, there is real data behind these numbers - not guesswork.

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

If you are a homeowner in Canossa and selling is on your radar this summer, the conditions are working in your favour - especially if you own a house.

Homes here are selling in under two weeks on average. Buyers are paying 99 cents on the dollar. Prices are trending up month over month. And we rank 58th out of 292 Edmonton neighbourhoods for growth - that puts us solidly in the top 20% of the city. On the neighbourhood leaderboard, Canossa houses are punching well above their weight.

Compare us to the neighbours. Chambery is priced much higher at $660,578 but growing slower at 0.03% year over year. Rapperswill is at $523,108 and also growing slower than us at 0.04%. We are growing at 0.05% - not a massive number on its own, but faster than both of those pricier neighbourhoods. That is a quiet advantage most people are not talking about.

• Canossa house growth: 0.05% year over year - faster than Rapperswill and Chambery
• Canossa HonestDoor Price (houses): $485,600 - up 0.33%
• Rapperswill HonestDoor Price: $523,108 - growing at 0.04%
• Chambery HonestDoor Price: $660,578 - growing at 0.03%

Bottom line - if you are thinking about listing this summer, the clock is ticking in a good way. Demand is real, days on market are low, and your HonestDoor Price is already ahead of what the city says your home is worth. Check it, use it, and make a smarter move.

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.