Meridian Heights, Stony Plain - September 2026 Real Estate Report

Meridian Heights, Stony Plain: Your Home Is Worth More Than the City Thinks

The Vibe Right Now

If you've been watching the "For Sale" signs on your street, here's what's actually happening. Meridian Heights is a split story right now - houses and condos are telling two very different tales, and which one applies to you matters a lot heading into summer.

Houses: Steady, Fast, and Quietly Competitive

Our houses are holding their ground. The average sale price sits at $331,350, and listings are coming in at $335,000 this month. That gap is tiny - buyers are paying 98.91% of list price, which means sellers are getting close to what they're asking. Nobody is giving homes away here.

The number that should grab your attention? Nine days on market. That is fast. Out of 24 neighbourhoods tracked in Stony Plain, we rank 3rd for speed of sale. When a house hits MLS in Meridian Heights, it does not sit.

• Average sale price: $331,350
• Current average listing price: $335,000
• Price per square foot: $266
• Average days on market: 9
• Sale-to-list ratio: 98.91%
• Predicted market value (houses): $449,520
• 3-month moving average: $443,260 - and climbing
• Estimated monthly rent: $2,202
• Rental yield: 5.78%
• Recent value change: up 1.64%
• Growth rank: 21 out of 36 neighbourhoods in Stony Plain

That 5.78% rental yield is worth a second look. For anyone holding a house here as an investment, or thinking about renting before selling, that number signals strong real-world returns. Compare that to nearby Meridian Cove, where the predicted value sits at $412,286 - our houses are running ahead of the neighbours.

Condos: The Outlier Nobody Is Talking About

This is where things get interesting. Condo values in Meridian Heights are not playing by the same rules as the rest of Stony Plain. The average HonestDoor Price for a condo here is $3,492,884 - up 2.00% from the previous period. The predicted market value is $3,424,544, rising from a 3-month moving average of $3,382,643.

On the neighbourhood leaderboard for condo growth, we rank 3rd out of 32 neighbourhoods in Stony Plain. That puts Meridian Heights condos firmly in the top performers category. And on Airbnb potential, we rank 1st in all of Stony Plain.

• Average HonestDoor Price (condos): $3,492,884
• HonestDoor Price change: up 2.00%
• Predicted market value: $3,424,544
• 3-month moving average: $3,382,643 - trending up
• Estimated monthly rent: $8,018
• Rental yield: 2.46%
• Recent value change: up 5.77%
• Airbnb estimate: $401 per night
• Growth rank: 3 out of 32 neighbourhoods in Stony Plain
• Airbnb rank: 1st in Stony Plain

Every nearby condo neighbourhood - Meridian Place, Paxton Place, St Andrews - is priced well below what we're seeing here. If you own a condo in Meridian Heights, you are sitting on something genuinely different from the rest of the market.

The Secret Sauce: Your HonestDoor Price vs. Your Tax Assessment

Here is the honest truth about your city assessment. It is calculated once a year, using data that is already months old by the time it lands in your mailbox. It does not know that houses here are selling in 9 days. It does not know that condo values just moved up 5.77%. It is a snapshot of the past, not a read on today.

The HonestDoor Price is updated in real time, pulling from actual transaction data, current listings, and live market signals. For houses, that number is $434,436. For condos, it is $3,492,884. If your tax assessment is sitting below those figures - and for many Meridian Heights owners, it likely is - you are making decisions based on a number that no longer reflects reality.

Knowing your real number is not just interesting. It changes what you list at, what you negotiate from, and what you walk away with at the closing table.

So What Does This Mean If You're Thinking About Selling This Summer?

The short answer: the timing is not bad. Here is the longer version.

Houses are taking a slight breather - the average HonestDoor Price dipped 3.36% from the previous period, and the sale price of $331,350 is running below the predicted value of $449,520. That gap tells you something. Buyers in recent transactions may have gotten a deal. If you price sharp and present well, you are selling in about 9 days to someone paying nearly full ask.

The rental yield of 5.78% also gives you options. If summer selling feels rushed, holding and renting at an estimated $2,202 per month is a real alternative - not a consolation prize.

For condo owners, the picture is even cleaner. Values are climbing, you are near the top of the Stony Plain growth leaderboard, and short-term rental potential ranks first in the city. If you have been waiting for a signal, the data is giving you one right now.

Bottom line - check your HonestDoor Price before you do anything else. It takes 30 seconds and it will tell you more about where you actually stand than any assessment notice ever will.

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.