Honestdoor
    Map
    BuyRecently Sold
      Map

      Donovan Terrace, Paradise - October 2026 Real Estate Report

      2026-10-16 00:00 · Your HonestDoor Team

      Paradise, Donovan Terrace

      Donovan Terrace, Paradise: Your Neighbour Just Got a Raise. Did You?

      If you own a home in Donovan Terrace and the last number you checked was your city tax assessment, you are probably sitting on a stale figure. Here is what is actually happening on the ground right now.

      The Vibe: Houses vs. Condos - Two Very Different Stories

      We are seeing a real split in this neighbourhood depending on what you own, so let us break it down honestly.

      Houses in Donovan Terrace

      If you own a house here, things are looking solid. The average HonestDoor Price sits at $390,202 - up 1.97% from the previous period. The predicted market value is $382,655, and that number is climbing. The 3-month moving average was $377,338, so the trend is pointing in the right direction.

      • Average HonestDoor Price: $390,202 (up 1.97%)
      • Predicted Market Value: $382,655
      • 3-Month Moving Average: $377,338
      • Recent Value Change: up 3.54%
      • Estimated Monthly Rent: $2,009 - $2,044
      • Rental Yield: 5.86% - that is a strong return
      • Airbnb Estimate: $100 - $101 per night
      • Neighbourhood Growth Rank: 1 out of 8 in Paradise

      That growth rank is the headline number. Out of 8 comparable neighbourhoods in Paradise, houses in Donovan Terrace sit at number 1 on the leaderboard. That is not a small thing. It means we are outpacing the competition right now, including neighbours like Valley Ridge ($438,676) and Karwood Estates ($451,061) which carry higher price tags but are not showing the same growth momentum we are.

      Condos in Donovan Terrace

      This is where we need to be straight with you. The condo picture is more complicated. The average HonestDoor Price is $406,000 - up a big 10.90% from the previous period, which sounds great. But the predicted market value has pulled back to $366,100, down from a 3-month moving average of $494,367. That is a significant gap, and it tells us the condo segment is taking a breather after a run-up.

      • Average HonestDoor Price: $406,000 (up 10.90% from previous period)
      • Predicted Market Value: $366,100
      • 3-Month Moving Average: $494,367
      • Recent Value Change: -28.06%
      • Estimated Monthly Rent: $1,930 - $2,120
      • Rental Yield: 4.08% - moderate returns
      • Airbnb Estimate: $95 - $105 per night
      • Neighbourhood Growth Rank: 8 out of 8 in Paradise

      Sitting at 8 out of 8 on the growth leaderboard for condos is a signal worth paying attention to. It does not mean panic - it means eyes open. If you own a condo here, knowing your real number today matters more than ever.

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

      Here is the thing about your city tax assessment - it is a snapshot from the past. It does not know that house values in Donovan Terrace just ranked first in Paradise for growth. It does not know that the condo market has shifted. It is basically a photo from last year telling you what you looked like then.

      The HonestDoor Price is updated in real time using actual market data. For house owners here, it is showing $390,202 with upward momentum. For condo owners, it is flagging a correction that your assessment has not caught up to yet - in either direction. Either way, you deserve the current number, not the stale one.

      Think of the HonestDoor Price as the real-world check. It is what a buyer would actually talk about at the table today, not what the city calculated from data that is already old.

      The So What: Thinking About Selling This Summer?

      If you own a house in Donovan Terrace, the timing conversation is worth having. We are ranked number 1 for growth in Paradise right now. Buyers looking at Valley Ridge or Karwood Estates are paying more, and some of them will start looking at us as the smarter buy. That is the kind of attention that supports your asking price.

      A 5.86% rental yield also means investors are watching this street. That adds a layer of demand that pure owner-occupier neighbourhoods do not always get.

      If you own a condo, the honest advice is to get your HonestDoor Price updated before you make any moves. The gap between the recent high and the current predicted value is wide enough that pricing strategy matters a lot right now. Listing without knowing where the market actually sits could cost you real money.

      Bottom line - Donovan Terrace is not a neighbourhood to ignore this summer. Houses are punching above their weight on growth, and condos need a clear-eyed look at current values. Check your HonestDoor Price first. Then decide.

      donovan terrace | paradise | october 2026

      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.

      Honestdoor

      Sell, buy or Lease on MLS®/REALTOR.ca with help from our licensed REALTORS® every step of the way.

      Buy

      Buy with us

      Subscribe

      Get the latest real estate insights and updates.

      By subscribing, you agree to our privacy policy and consent to receive updates.

      REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Copyright 2026 by the REALTORS® Association of Edmonton. All Rights Reserved.

      © 2026 Honestdoor. All rights reserved.

      Cookie settings