Mc Cauley, Edmonton - September 2026 Real Estate Report

Mc Cauley, Edmonton: What Your Neighbour Hasn't Told You Yet

If you own a home in Mc Cauley and you're still looking at your city assessment to figure out what your place is worth, you're working with old information. Here's the real picture right now.

The Vibe: What's Actually Happening in Mc Cauley

Mc Cauley is one of Edmonton's most affordable pockets, and that cuts both ways. We're sitting in a market that's taking a breather on values, but the rental story here is genuinely solid. Let's break it down by property type.

Houses: Affordable Entry, Slow Exit

If you've been watching the "For Sale" signs in Mc Cauley, here's what's actually happening with houses right now.

• Average sale price this month: $227,500 - up 34% from last month
• Average list price: $165,000
• Price per square foot: $188
• Homes are selling at 90.91% of list price - buyers are getting deals
• Average days on market: 144 days
• Only 2 sales recorded this month
• Predicted market value: $332,601
• Estimated monthly rent: $1,670 with a rental yield of 5.94%

That 34% price jump sounds exciting, but pump the brakes - we're talking about 2 sales. Small sample sizes swing hard. What matters more is that houses here are sitting for 144 days on average. That's a long time. Days-on-market ranks 102 out of 112 neighbourhoods in Edmonton, which puts us near the very bottom for selling speed. Buyers know they have leverage, and that 90.91% sale-to-list ratio proves it.

The bright spot? A 5.94% rental yield is genuinely strong. If you're holding a house here and not selling, renting it out at an estimated $1,670 a month makes real financial sense while you wait for the market to find its footing.

On the neighbourhood leaderboard, Mc Cauley houses rank 220 out of 291 for growth and 279 out of 285 for price - meaning we're among the most affordable in the city. That's a double-edged sword: great for buyers getting in, tougher for sellers expecting top dollar.

Condos: A Different Story Altogether

Condos in Mc Cauley are a bit of an outlier, and in a good way compared to the houses.

• Average HonestDoor Price: $575,247
• Predicted market value: $575,507
• Estimated monthly rent: $2,309
• Airbnb estimate: $115 per night
• Rental yield: 3.90%
• Only 1 transaction recorded in 2026 so far
• Values have shifted -2.02% recently

With only one transaction to go on, we have to be honest - the condo data here is thin. But the HonestDoor Price of $575,247 is notably higher than condo prices in nearby Boyle Street ($276,559), Riverdale ($348,175), and Cromdale ($111,282). That gap is worth paying attention to. Condo growth ranks 194 out of 302 in Edmonton, which puts us in below-average territory, but the rental income potential at $2,309 a month is nothing to dismiss.

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

Here's the thing about city assessments - they're a snapshot from the past. The average assessed value for a house in Mc Cauley sits at $283,182. But the average HonestDoor Price is $323,047. That's a gap of over $39,000, and it represents 14.08% more value than what the city's static number says you own.

The city assessment gets updated once a year and uses data that can be 12 to 18 months old by the time it lands in your mailbox. The HonestDoor Price pulls from real-world, current market activity. It's the number a buyer's agent is actually looking at when they advise their client on what to offer.

Yes, the HonestDoor Price has dipped 2.87% from the previous period. That's the market taking a breather. But it's still telling you something your assessment never will: what your home is worth in today's market, not last year's.

With 775 properties assessed in Mc Cauley and neighbourhood growth at 0.07% year over year, this isn't a neighbourhood in freefall. It's a neighbourhood finding its floor.

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

If you're considering listing this summer, here's the straight talk.

• Buyers have the upper hand right now - homes are selling below list price
• 144 average days on market means you need to price sharp from day one
• Your HonestDoor Price of $323,047 is your real benchmark - not the city's $283,182
• Mc Cauley ranks 64th in Edmonton for total transactions - deals are happening, just not fast
• If you can hold, the 5.94% rental yield on houses makes renting a legitimate strategy

Selling in a slow-moving market isn't impossible - it just requires realistic pricing and patience. Overpricing based on that city assessment is the fastest way to sit on the market for 144 days or longer. Use your HonestDoor Price as the starting point for that conversation with your agent.

And if you're a buyer eyeing Mc Cauley? You're shopping in one of Edmonton's most affordable neighbourhoods, ranked 279 out of 285 on price. The leverage is yours right now. Use it.

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.