North Business Park, Stony Plain - October 2026 Real Estate Report
North Business Park, Stony Plain: Your Property Is Worth More Than You Think
The Vibe Right Now
If you own property in North Business Park, here is the honest picture. This is not a sleepy residential pocket - it is a commercial-residential hybrid where property values sit well above the Stony Plain average. The numbers tell two very different stories depending on what you own, so let us break it down.
Houses - Still the Heavy Hitter
Houses in North Business Park are holding serious weight. The average HonestDoor Price sits at $1,224,882. Yes, that is down 3.21% from the previous period, so the market is taking a breather - but do not confuse a small dip with a collapse. The predicted market value is actually $1,265,494, which is nudging up from the 3-month moving average of $1,264,816. That tells us the floor is holding.
- Average HonestDoor Price: $1,224,882
- Predicted Market Value: $1,265,494
- 3-Month Moving Average: $1,264,816
- Recent Value Change: -1.19%
- Estimated Monthly Rent: $4,704
- Rental Yield: 4.69%
- Neighbourhood Growth Rank: 7 out of 37 in Stony Plain
That growth rank is the stat worth paying attention to. Out of 37 comparable neighbourhoods in Stony Plain, North Business Park houses rank 7th. That puts us in the top 20% of the leaderboard. Neighbours in Sandstone Estates ($293,361), South Business Park ($174,211), and Stonegate Place ($363,533) are all priced significantly lower on the residential side. We are not in the same conversation.
On the rental side, $4,704 per month with a 4.69% yield is what investors call moderate-but-real. It is not flashy, but it is consistent. And with an Airbnb rank of 2nd in all of Stony Plain, short-term rental potential here is genuinely strong at an estimated $227 per night.
Condos - Steady, Not Spectacular
Condos are a different story. The average HonestDoor Price is $228,600, down 1.51% from the previous period. The predicted value of $232,100 is actually dipping slightly below the 3-month moving average of $232,300. Small movement, but worth watching.
- Average HonestDoor Price: $228,600
- Predicted Market Value: $232,100
- 3-Month Moving Average: $232,300
- Recent Value Change: -0.28%
- Estimated Monthly Rent: $1,270
- Rental Yield: 4.32%
- Neighbourhood Growth Rank: 9 out of 32 in Stony Plain
Ranking 9th out of 32 comparable neighbourhoods puts condos here in the above-average tier of the Stony Plain leaderboard. That is not a bad place to sit. Rental income at $1,270 per month with a 4.32% yield is modest but functional for an investor holding long-term.
The Secret Sauce - Why Your HonestDoor Price Matters More Than Your Tax Assessment
Here is the thing about your city assessment - it is a snapshot from months ago, sometimes longer. It does not know what happened to comparable sales last quarter. It does not update when the market shifts. The HonestDoor Price is a real-time read on what your property is actually worth today, not what a government office calculated on a fixed schedule.
For house owners in North Business Park, that gap matters. Your assessed value could be sitting well below $1,224,882 if the city has not caught up to where commercial-adjacent properties have moved. Checking your HonestDoor Price right now gives you the real number - the one a buyer would actually negotiate from, not the one on your tax notice.
For condo owners, the same logic applies. A $228,600 HonestDoor Price versus a stale assessment could mean you are underselling yourself or overpaying on a refinance calculation. Know your real number.
The So What - Thinking About Selling This Summer?
If you are a house owner here and you have been sitting on the fence, the data gives you a reasonable case to move. Values are predicted to hold near $1,265,494, the rental market backs up the price with real income potential, and sitting at 7th on the Stony Plain growth leaderboard means buyers looking for value in a strong-performing area will find us on their radar.
The 3.21% dip is real, but the predicted value is stabilizing. Waiting for a big rebound in a commercial park neighbourhood is a gamble. Listing while you are still in the top tier of the leaderboard is the smarter play.
For condo owners, the -0.28% recent change is barely a rounding error. If your plan is to sell, summer inventory competition will matter more than that number. Price it right against the HonestDoor Price, not the assessment, and you are in a solid position.
Bottom line - North Business Park is not a neighbourhood people talk about at dinner parties, but the numbers say it should be. Check your HonestDoor Price, know what you actually own, and make the call from a position of real information.
north business park | stony plain | 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.