Forest Heights, Calgary - August 2026 Real Estate Report

Forest Heights, Calgary: What Your Neighbour Hasn't Told You Yet

If you've been watching the "For Sale" signs on your block and wondering what's actually going on, here's the straight story. Forest Heights is holding its own - but the numbers tell two very different tales depending on whether you own a house or a condo. Let's get into it.

The Vibe: Houses vs. Condos

Houses - Affordable, Active, and Worth Watching

We're sitting in a sweet spot for affordability. Forest Heights houses rank 211 out of 220 neighbourhoods in Calgary for price - meaning almost everywhere else costs more. The average sale price hit $490,000 this month, up 18.3% from last month, with listings averaging $499,900. Buyers are paying about 98% of list price, so there's a little room to negotiate, but not much.

The honest reality? Properties are taking about 59 days to sell. That's on the slower side - our days-on-market ranks 56 out of 77 tracked neighbourhoods. This isn't a panic signal, it just means sellers need to price sharp and present well. The market is taking a breather, not falling apart.

• Average sale price: $490,000 (up 18.3% from last month)
• Average listing price: $499,900
• Price per square foot: $484
• Average days on market: 59
• Sale-to-list ratio: 98.02%
• Predicted market value: $442,930
• Estimated monthly rent: $2,269
• Rental yield: 5.75%
• Growth rank: 105 out of 236 Calgary neighbourhoods - above average

That 5.75% rental yield is genuinely strong. If you're an investor or thinking about renting your place out, Forest Heights houses are punching above their weight compared to pricier neighbourhoods where yields get squeezed.

Condos - Fast Sales, Big Questions

Our condo market is a different story, and we should talk about it honestly. Only 1 condo sold this month at $250,000, and condos are flying off the shelf fast - days-on-market ranks 3 out of 72 neighbourhoods. When something sells that quickly, it usually means it was priced to move.

The growth rank for condos sits at 195 out of 216 - that puts us near the bottom of the Calgary leaderboard for condo value growth right now. Values have shifted -5.91% recently, and the predicted value is trending down from the 3-month moving average. That's worth paying attention to if you're a condo owner thinking about timing a sale.

• Average sale price: $250,000
• Average listing price: $255,000
• Price per square foot: $231
• Average days on market: 6
• Sale-to-list ratio: 98.04%
• Predicted market value: $1,010,954
• Estimated monthly rent: $3,601
• Rental yield: 3.54%
• Growth rank: 195 out of 216 Calgary neighbourhoods - bottom tier

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

Here's something most Forest Heights homeowners don't realize. Your city assessment is a snapshot frozen in time - it reflects market conditions from over a year ago. A lot has moved since then.

For houses, the average city assessment sits at $445,545. The HonestDoor Price right now is $438,325 - that's 1.62% lower than what the city has on file. That gap matters. If you're making any financial decision based on your assessed value - whether it's refinancing, selling, or just knowing what you actually own - you want the number that reflects today, not last year.

For condos, the gap is even more striking. The average assessed value is $300,277, while the HonestDoor Price is $1,038,837. That's a massive difference, and it's the kind of discrepancy that can genuinely affect your decisions around equity, insurance, and sale strategy.

The HonestDoor Price updates in real time using actual transaction data. It's the real-world check against a static government number. Don't make a six-figure decision with last year's data.

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

If you own a house in Forest Heights and you're thinking about listing this summer, here's the honest take. You're in a relatively affordable neighbourhood with above-average growth - 105 out of 236 on the Calgary leaderboard. That's a real selling point for buyers getting priced out of Marlborough or Forest Lawn, where HonestDoor Prices are running $515,661 and $509,888 respectively. You're the value play in a competitive market.

The catch is those 59 days on market. Buyers have options and they know it. Price it right from day one - don't test the market high and chase it down. Homes selling at 98% of list price means the negotiation window is narrow, but it's there.

If you own a condo, this summer calls for a sharper look before you list. Values have dipped recently and the growth rank isn't flattering. The good news is condos are selling fast when they do sell - so if you price it correctly, you won't be waiting around. Get your HonestDoor Price first, compare it to your assessment, and have an honest conversation about timing.

Bottom line - Forest Heights isn't the flashiest neighbourhood on the Calgary map, but it's real, it's affordable, and for house owners especially, the fundamentals are solid. Know your actual number before you make any moves.

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.