Varsity, Calgary - June 2026 Real Estate Report

Varsity, Calgary: Your House Is Worth More Than the City Thinks

If you own a home in Varsity and you haven't checked your HonestDoor Price lately, you're probably leaving money on the table. The city's assessment is one number. The real world is another. Right now, those two numbers are telling very different stories depending on whether you own a house or a condo - and the gap matters.

The Vibe: Houses vs. Condos in Varsity

Let's be straight with each other. Houses and condos in Varsity are not living in the same market right now. Here's the split:

Houses - Moving Fast, Priced High

If you've been watching the "For Sale" signs on the house side of Varsity, here's what's actually happening. The average sale price hit $1,277,309 this month - up 17.5% from last month. That's not a typo. Eight houses sold, and they averaged just 16 days on the market before going under contract. That puts us at a days-on-market rank of 13 out of 74 comparable neighbourhoods in Calgary. Translation: houses here move faster than almost everywhere else in the city.

• Average HonestDoor Price: $1,005,861
• Average Sale Price (this month): $1,277,309
• Price per square foot: $677
• Average days on market: 16
• Properties sold for 98.23% of list price on average
• Estimated monthly rent: $4,119
• Rental yield: 4.78%
• Growth rank: 94 out of 233 neighbourhoods - above average in Calgary

Buyers are paying close to full ask, and houses are flying off the shelf. That's a strong signal for anyone thinking about listing this summer.

Condos - Taking a Breather

The condo side of Varsity is a different story. Only one condo sold this month, and the average sale price dropped 21% from last month to $345,500. Properties are sitting on the market for an average of 78 days - slower than nearby Dalhousie at 71 days and much slower than Brentwood at 41 days. The days-on-market rank is 56 out of 66, which puts us near the bottom of the speed chart for Calgary condos.

• Average HonestDoor Price: $344,389
• Average Sale Price (this month): $345,500
• Price per square foot: $502
• Average days on market: 78
• Properties sold for 98.69% of list price on average
• Estimated monthly rent: $1,767
• Rental yield: 4.10%
• Growth rank: 81 out of 211 neighbourhoods - above average, but the market is cooling

If you own a Varsity condo, patience is the word right now. The fundamentals are still decent, but this is not the sprint that the house market is running.

The Secret Sauce: Why Your HonestDoor Price Is the Number That Actually Matters

Here's the thing about the city's assessed value. It's calculated once a year using data that's already months old by the time it lands in your mailbox. For Varsity houses, the city's average assessment sits at $986,227. The average HonestDoor Price is $1,005,861 - that's nearly $20,000 higher, and it updates in real time based on what buyers are actually paying right now.

For condos, the gap flips. The city assessed the average Varsity condo at $374,510, but the HonestDoor Price is $344,389 - about 8% lower. If you're a condo owner using the city's number to set your expectations, you could be pricing yourself out of a sale before you even list.

Think of the HonestDoor Price as the real-world check. The city's assessment is a snapshot from the past. HonestDoor is what the market is doing today. With 2,946 houses and 1,891 condos assessed in Varsity this year, there's a deep pool of data behind that number - not a guess.

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

If you own a house in Varsity, the timing argument for selling this summer is strong. Houses are ranked 47 out of 220 Calgary neighbourhoods by price - above average. They're selling in 16 days on average. And the average sale price is running well above the HonestDoor Price, which means motivated buyers are out there and they're competing. With 100 total property transactions recorded in 2026 and a transaction rank of 21 in Calgary, Varsity is one of the more active markets in the city.

If you own a condo, the honest advice is to watch the next 60 days closely. The market is cooling, days on market are climbing, and only one condo sold this month. That doesn't mean don't sell - it means price it right from day one. Use your HonestDoor Price as your anchor, not the city's assessment, and you'll avoid the trap of sitting on the market too long.

Either way, the smartest first move is knowing your real number. Check your HonestDoor Price at HonestDoor.com before you call an agent, set a price, or make any decisions. It takes about 30 seconds and it could be worth tens of thousands of dollars.

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.