Canossa, Edmonton - July 2026 Real Estate Report

Canossa, Edmonton: Your Neighbour Just Got a Better Offer Than You Think

If you own a home in Canossa and you're still going off your city assessment, you're leaving money on the table. Here's the real picture of what's happening on our streets right now.

The HonestDoor Price vs. Your Assessment - Why It Matters

The city assessed the average Canossa property at $470,594. The average HonestDoor Price is $484,006. That's a gap of nearly $13,500 - and it's the difference between what a government spreadsheet says your home is worth and what the market is actually doing right now. The HonestDoor Price has climbed 2.06% from the previous period. Your tax assessment hasn't caught up. It never does.

• Average Assessed Value: $470,594
• Average HonestDoor Price: $484,006 (2.06% increase from last period)
• HonestDoor Price is 2.85% above the Edmonton average assessed value
• 983 properties assessed in Canossa this year
• 30 property transactions recorded in 2026

The Vibe - Houses

Houses in Canossa are moving fast. We're talking an average of 12 days on market - that ranks 11th out of 103 comparable Edmonton neighbourhoods. That's not a slow market taking a breather. That's buyers making decisions quickly.

The average sale price for houses sits at $473,100, up 29.3% from last month. Listings are averaging $472,933. Homes are selling at 99.06% of list price, which means buyers are paying close to full ask. The predicted market value for houses is $474,240, sitting just below the 3-month moving average of $474,651 - a very slight dip, but nothing to lose sleep over.

• Average house sale price: $473,100 (up 29.3% from last month)
• Average listing price: $472,933
• Price per square foot: $328
• Sale-to-list ratio: 99.06%
• Average days on market: 12
• Properties sold this month: 5
• Predicted market value: $474,240
• Estimated monthly rent: $2,417
• Rental yield: 5.69%
• Growth rank: 165 out of 302 Edmonton neighbourhoods
• Days-on-market rank: 11 out of 103 (very fast)
• Price rank: 184 out of 285

On the rental side, a 5.69% yield is genuinely strong. If you're holding a Canossa house as an investment, the numbers are working in your favour. Estimated rent of $2,417 per month backs that up.

The Vibe - Condos

Condos in Canossa tell a quieter story, but there are still some solid signals for us to pay attention to. The average HonestDoor Price for condos is $281,670, up 1.18% from the previous period. One condo sold this month at $260,000, against an average listing price of $269,900 - buyers paid 96.33% of list price, which is a stable, if slightly softer, result.

• Average condo HonestDoor Price: $281,670 (up 1.18%)
• Average condo 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
• Properties sold this month: 1
• Predicted market value: $278,384
• Estimated monthly rent: $1,502
• Rental yield: 4.23%
• Growth rank: 107 out of 296 Edmonton neighbourhoods (above average)
• Days-on-market rank: 14 out of 108 (very fast)
• Price rank: 81 out of 220 (above average)

Condos here rank above average in both price and growth compared to Edmonton. A 4.23% rental yield is moderate - not flashy, but steady. And 21 days on market still ranks 14th out of 108 neighbourhoods. Canossa condos are not sitting around collecting dust.

The Neighbourhood Leaderboard - How We Stack Up

Canossa houses rank 165 out of 302 Edmonton neighbourhoods for growth - right in the middle of the pack. But here's the context that matters: our closest neighbours are not all pulling ahead of us.

• Rapperswill: HonestDoor Price $525,923 - more expensive, growing at 0.04% (slower than us)
• Chambery: HonestDoor Price $661,058 - much pricier, growing at 0.03% (slower than us)
• Anthony Henday Castledowns: HonestDoor Price $291,617 - significantly cheaper

The pricier neighbours are actually growing slower. Canossa sits in a sweet spot - more affordable than Chambery, moving faster off the market than almost anyone in the city.

The Secret Sauce - Check Your HonestDoor Price Now

Here's the thing about city assessments: they're a snapshot from the past. By the time that number lands in your mailbox, the market has already moved. The HonestDoor Price is updated in real time, pulling from actual transaction data - not a formula locked in six months ago.

In Canossa right now, that gap between the assessed value and the HonestDoor Price is nearly $13,500 for the average property. If you're making any financial decision - refinancing, selling, even just figuring out if your insurance coverage makes sense - the HonestDoor Price is the number you actually want to know.

With 983 properties assessed in the neighbourhood, there's plenty of data to work with. Your specific home's HonestDoor Price could be higher or lower than the average - but you won't know until you look it up.

The So What - Should You Sell This Summer?

If you own a house in Canossa and you've been on the fence about selling, the conditions right now are about as good as they get. Homes are selling in 12 days. Buyers are paying 99 cents on the dollar. The average sale price jumped 29.3% from last month. That kind of momentum does not last forever.

The rental yield of 5.69% also means that if you're not selling, holding and renting is a legitimate strategy. At $2,417 per month in estimated rent, a Canossa house is pulling real income.

For condo owners, the picture is more measured. One sale this month, 21 days on market, and a sale price slightly below listing. It's not a bad time to sell - but you'll want to price sharp. Buyers in the condo segment are paying 96.33% of list, so padding the price too much will cost you time.

Bottom line: Canossa is not the flashiest neighbourhood on the Edmonton leaderboard, but it's consistent, it's fast-moving, and the HonestDoor Price says it's worth more than the city thinks. That's a good place to be heading into summer.

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.