Mc Cauley, Edmonton - October 2026 Real Estate Report
Mc Cauley, Edmonton: What Your Home Is Actually Worth Right Now
If you own a place in Mc Cauley and you're still going off your city assessment, you're probably leaving money on the table - or misreading the market entirely. Here's the real picture, straight up.
The HonestDoor Price vs. Your Assessment
The city says the average home in Mc Cauley is worth $283,182. The HonestDoor Price says $324,146. That's a gap of over $40,000 - roughly 14.47% higher than what the city has on file. Government assessments are snapshots from the past. The HonestDoor Price is a live, real-world check on what your property is actually doing in today's market. For Mc Cauley homeowners, that difference is not small change.
The Vibe: Houses vs. Condos
Houses - A Buyers' Market Taking a Breather
Let's be honest with each other. The house market in Mc Cauley is soft right now. Here's what the numbers are telling us:
- Average sale price: $359,750
- Current listings are asking: $468,800
- Buyers are paying about 96 cents on the dollar - below list price
- Homes are sitting for an average of 73 days before selling
- Predicted market value: $323,047 - down from a 3-month average of $330,434
- Recent price change: -2.87%
- Rental yield: 5.96% - that part is actually strong
- Estimated rent: $1,625 per month
Seventy-three days on market is a long wait. Nearby Boyle Street is moving houses in 47 days. That gap tells us buyers in Mc Cauley have options and they know it. Only 2 houses sold recently, which is a thin slice of activity. On the neighbourhood leaderboard, Mc Cauley houses rank 208 out of 285 for growth - that puts us in the below-average tier for Edmonton right now. On price, we rank 275 out of 285, which means we are among the most affordable in the city. That cuts both ways - entry-level buyers can get in, but sellers shouldn't expect bidding wars.
The one bright spot? A 5.96% rental yield is genuinely solid. If you're not selling, renting makes real sense here.
Condos - A Different Story Entirely
Condos in Mc Cauley are in a completely different league compared to the houses. The average HonestDoor Price sits at $575,186 - and that number is holding steady, down just 0.01% from last period. Almost flat.
- Average HonestDoor Price: $575,186
- Predicted market value: $575,247
- 3-month moving average: $579,376
- Estimated rent: $2,309 per month
- Rental yield: 3.90%
- Airbnb potential: $115 per night
- Growth rank: 131 out of 297 - above average in Edmonton
On the neighbourhood leaderboard, Mc Cauley condos rank 131 out of 297 for growth. That puts us in the top half of Edmonton - a much better position than the house segment. Transaction volume is thin with only 1 condo sale recorded in 2026, so we're working with a small sample. But the Airbnb rank of 49 in Edmonton is notable - that's a top-tier short-term rental position for anyone thinking about that angle.
Compared to nearby neighbourhoods, Mc Cauley condos are priced significantly higher than Boyle Street ($273,413), Riverdale ($339,294), and Cromdale ($109,123). If you own a condo here, you're sitting at the top of the local stack.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Assessment Right Now
Your city assessment gets updated once a year, based on data that's already months old by the time it lands in your mailbox. It doesn't know what sold on your block last week. It doesn't factor in what buyers are actually offering today. The HonestDoor Price does. With 775 properties assessed in Mc Cauley and a $40,000-plus gap between the city number and the HonestDoor number for houses, relying on your assessment to make a financial decision - whether that's selling, refinancing, or just knowing your net worth - is like navigating with an old map. Check your HonestDoor Price. It's updated in real time and it's the number that actually reflects the market we're living in right now.
The "So What?" - Thinking About Selling This Summer?
Here's the straight talk for anyone considering a summer sale in Mc Cauley.
- Houses are in a buyers' market. Pricing sharp from day one is not optional - it's the strategy. Overpriced listings are sitting 73 days or more.
- The gap between asking prices ($468,800) and actual sale prices ($359,750) is wide. Buyers are negotiating hard and winning.
- If your house isn't priced to compete, it will sit. And a listing that sits loses leverage fast.
- Condo owners are in a stronger position. Values are stable, you're above average on the Edmonton growth leaderboard, and demand for short-term rentals here ranks in the top 50 in the city.
- For houses, if selling isn't urgent, the 5.96% rental yield makes holding and renting a genuinely competitive alternative to selling into a soft market.
Bottom line - Mc Cauley is one of Edmonton's most affordable entry points, and that has real value for the right buyer. But sellers need to go in clear-eyed. Know your HonestDoor Price, price it right, and don't wait for the market to come to you this summer. It won't.
mc cauley | edmonton | october 2026This 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.