South Business Park, Stony Plain - July 2026 Real Estate Report

South Business Park, Stony Plain: Your Neighbour Just Got a Raise. Did You?

If you own property in South Business Park and the last number you checked was your city tax assessment, you are probably sitting on outdated information. Here is what is actually happening on the ground right now.

The Vibe: Houses vs. Condos

We have two pretty different stories playing out in South Business Park right now, and which one applies to you depends on what you own.

Houses - Steady, Affordable, and Moving

Houses here are the definition of a balanced market. One sale last month, 17 days on market, and it sold right at list price - 100%. No discounting, no drama. The average sale price came in at $139,900, and price per square foot sits around $156.

• Average HonestDoor Price: $183,278 - up 9.23% from the previous period
• Average sale price: $139,900
• Price per square foot: $156
• Days on market: 17
• Sold at 100% of list price
• Estimated rent: $914 per month
• Rental yield: 6.12%
• Growth rank: 14 out of 39 neighbourhoods in Stony Plain - above average
• Price rank: 31 out of 31 - one of the most affordable entry points in the city

That 6.12% rental yield is the number landlords dream about. It signals that if you are holding a house here as a rental, your money is working harder than it would in most other Stony Plain neighbourhoods. The predicted market value sits at $167,789, which is slightly off the 3-month moving average of $169,526 - so values are taking a small breather, but nothing alarming.

Compare us to nearby St. Andrews at $426,870 or Stonegate Place at $373,767, and South Business Park houses are a fraction of the price. That gap is either a buying opportunity or a ceiling question, depending on how you look at it.

Condos - Fast, Growing, and Turning Heads

This is where things get interesting. Condos in South Business Park are moving fast - we are talking the fastest in Stony Plain, ranked 1 out of 15 neighbourhoods for days on market. Average time to sell? Six days. That is not a typo.

• Average HonestDoor Price: $1,432,383 - down 4.77% from the previous period
• Average sale price: $141,900
• Price per square foot: $172
• Days on market: 6 - faster than nearby Sunrise Village at 9 days
• Sold at 98.61% of list price
• Estimated rent: $3,225 per month
• Rental yield: 3.78%
• Airbnb estimate: $156 per night - ranked 5th in all of Stony Plain
• Growth rank: 5 out of 33 neighbourhoods - top performer
• Price rank: 16 out of 18 - still among the most affordable

A growth rank of 5 out of 33 puts condos here near the top of the Stony Plain neighbourhood leaderboard. The predicted market value of $1,504,077 is trending up against a 3-month moving average of $1,165,938 - that is a meaningful climb. And that Airbnb rank of 5th in the city? Short-term rental investors should be paying attention.

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

Here is the thing about city assessments - they are a snapshot from the past. They get updated once a year, sometimes less, and they do not account for what your street did last month or what buyers are actually paying today.

The HonestDoor Price is a real-time check. For houses in South Business Park, it is coming in at $183,278 - that is a 9.23% jump from the previous period. Your tax assessment almost certainly does not reflect that move yet. For condos, the HonestDoor Price sits at $1,432,383, and the predicted market value is climbing toward $1,504,077.

If you are making any decision - selling, refinancing, or just figuring out if your insurance coverage makes sense - use the number that actually reflects today, not last year.

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

For house owners, the timing is reasonable. You are in a balanced market, buyers are paying full list price, and your HonestDoor Price has moved up nearly 10%. You are not in a frenzy, but you are not fighting headwinds either. Price it right and you will not be sitting on it long.

For condo owners, the case is stronger. Six days on market is about as good as it gets. Buyers are active, the growth rank puts us near the top of the city leaderboard, and the predicted value trend is pointing up. If you have been on the fence, this summer looks like a window worth taking seriously.

Either way, the first step is checking your HonestDoor Price before you call anyone. Know your number before the conversation starts - that is how you walk in with the upper hand.

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.