Pegasus, Calgary - October 2026 Real Estate Report
Pegasus, Calgary Real Talk: The Market Is Sending You a Signal Right Now
The Vibe in Pegasus
If you own a home in Pegasus and you have not checked your property value lately, this is your nudge. The market here is taking a breather - and depending on whether you own a house or a condo, that story looks a little different for your wallet.
Houses: Holding Steady, But Watch the Trend
The average HonestDoor Price for a house in Pegasus sits at $532,227 right now. That is down 2.66% from the previous period, and the 3-month moving average of $558,518 confirms the direction - values are sliding, not spiking. We are not in freefall, but we are not climbing either.
- Average HonestDoor Price: $532,227 (down 2.66%)
- Predicted market value: $546,773
- 3-month moving average: $558,518
- Recent value change: -1.66%
- Neighbourhood growth rank: 194 out of 221 in Calgary
- Average rental estimate: $2,672 per month
- Rental yield: 5.55% - that is a strong return for landlords
- Airbnb estimate: $132 per night (ranked 246th in Calgary)
That growth rank is the number to pay attention to. Sitting at 194 out of 221 puts Pegasus houses near the bottom of the Calgary neighbourhood leaderboard for growth right now. Our neighbours in McCall are averaging $953,272 - nearly double our price point. Even Horizon next door is tracking at $593,641. Pegasus is the more affordable option in this pocket of the city, but affordability alone does not drive appreciation.
The silver lining? If you are a landlord or thinking about becoming one, a 5.55% rental yield is genuinely solid. At $2,672 a month in estimated rent, the income story here is better than the appreciation story.
Condos: A Split Personality
Condos in Pegasus tell a different tale - and parts of it are actually encouraging. The average HonestDoor Price jumped 5.82% to $375,400. That is real movement in the right direction. But here is the catch: the predicted value sits at $354,750, which is below that average, and it is trending down from a 3-month moving average of $371,367. The recent value change of -5.99% is a flag worth watching.
- Average HonestDoor Price: $375,400 (up 5.82%)
- Predicted market value: $354,750
- 3-month moving average: $371,367
- Recent value change: -5.99%
- Neighbourhood growth rank: 197 out of 207 in Calgary
- Average rental estimate: $1,945 per month
- Rental yield: 4.08% - moderate but workable
- Airbnb estimate: $95 per night (ranked 141st in Calgary)
On the neighbourhood leaderboard, condo growth in Pegasus ranks 197 out of 207. That is near the bottom of the pack in Calgary. Every nearby neighbourhood - North Airways, Horizon, McCall - is priced higher. If you own a condo here and have been sitting on the sidelines, the data is telling you to pay close attention to timing.
The Secret Sauce: Your HonestDoor Price vs. Your Tax Assessment
Here is something most Pegasus homeowners do not think about until it is too late. Your city tax assessment is a snapshot from the past - it is calculated using data that can be months or even over a year old by the time it lands in your mailbox. It does not know about the recent price dip in your neighbourhood. It does not know what your street looked like last month.
The HonestDoor Price is updated in real time using current sales data and market signals. Right now, with house values down 2.66% and condo predicted values sitting below the HonestDoor average, there is a real gap between what the city thinks your home is worth and what a buyer would actually pay today. That gap matters for your pricing strategy, your negotiation position, and frankly, whether you are overpaying on property tax.
Check your HonestDoor Price now - not when the assessment arrives. By then, the market will have moved again.
The So What - Thinking About Selling This Summer?
Straight talk: this is not the hottest summer to be a seller in Pegasus. Both houses and condos are showing downward pressure on values, and the growth rankings put us near the bottom of the Calgary leaderboard. That does not mean you should not sell - it means you need to be sharp about it.
A few things to keep in mind if you are weighing a summer sale:
- Price it right from day one. Buyers in a softening market will not chase an overpriced listing.
- Your HonestDoor Price gives you a real-world anchor - use it to set expectations before you talk to an agent.
- If you own a house and can hold, the rental yield story at 5.55% means renting it out while you wait is a legitimate option.
- Condo owners face more pressure - the -5.99% recent change and a bottom-tier growth rank mean waiting for a big rebound is not a guaranteed strategy.
- Nearby neighbourhoods like McCall and Horizon are priced higher, which means buyers priced out of those areas may look your way - that is your angle.
The market is not broken. It is just asking us to be realistic. Know your number, price with confidence, and do not let a stale tax assessment be the last word on what your home is worth.
pegasus | calgary | 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.