The Heron Bay market

Market report · Neighbourhood · Sep 2026

The Heron Bay market, in numbers

Part of Parkland — see the Parkland report

Homes in Heron Bay typically sell in about 138 days, prices are down 30.6% on a year ago. With 28.0 months of inventory, it’s a buyer’s market.

Some comparisons are hidden until at least 3 transactions close in a month. Medians below are drawn from very small samples — treat them as indicative.

Median sale price

$484k

↓ −30.6% YoY

1 sales closed in Sep 2026

Low sample

Median rent

$3,400/mo

↓ −42.9% YoY

1 leases closed in Sep 2026

Low sample

Time to sell

138 days

typical days on market

Low sample

Days from listing to going under contract.

Months of inventory

28.0 mo

buyer’s market

Active listings divided by the monthly sales pace. Under 4 months favors sellers; over 6 favors buyers.

Sells 85 days slower than Parklanddays on market

Your questions, answered

Straight answers from Heron Bay’s closed transactions.

What does a home here cost?

The median sale closed at $484k in Sep 2026, down 30.6% on a year ago. Typical sales ranged $484k–$484k.

What income do you need to buy here?

At a 6.5% 30-year mortgage with 20% down, the median home runs about $5,310/mo including taxes and HOA — comfortable at a household income around $212k a year, using the 30% rule. Renting instead costs $3,400/mo.

Is now a good time to buy?

28.0 months of inventory points to a buyer’s market. Prices have eased over the past year, which favors patient buyers.

How fast do homes sell?

About 138 days from listing to contract in Sep 2026. The pace picks up toward July and slows around August.

How much room is there to negotiate?

Not enough closed sales this month to measure — the price-cut chart below is the best proxy.

When is the best time to list?

Closings peak in July and bottom out around August. Listing four to six weeks ahead of the peak historically gets the most eyes.

Is it a good rental investment?

Yield needs at least 3 closed sales and 3 closed leases in a month — this area doesn’t clear that bar yet.

Buying vs renting

Price-to-rent ratio is 11.9 — buying typically starts to beat renting after roughly 3–4 years here.

To buy — median sale price

Sale price, $

$484k↓ −30.6% YoY

Sep 2026 — median $484k · 1 sales · 138 days on market · low sample

$500k

$1.0M

$1.5M

$2.0M

Oct ’25

Dec ’25

Feb ’26

Apr ’26

Jun ’26

Aug ’26

To rent — median monthly rent

Monthly rent, $

$3,400/mo↓ −42.9% YoY

Sep 2026 — median $3,400/mo · 1 leases · 138 days on market · low sample

$3,000

$4,000

$5,000

$6,000

$7,000

Oct ’25

Dec ’25

Feb ’26

Apr ’26

Jun ’26

Aug ’26

MedianTypical range (5th–95th percentile)3+ closingsUnder 3 (low sample)No closings (activity only)Tap or hover any month for its numbers.

What each size costs

Medians over the last 12 months.

Beds

To buy

To rent

Volume

3 beds

$514k

$3,644/mo

22 closed

What sells here

Sales mix and median price by property type, last 12 months.

Condo

$505k

6% of sales · 2 closed

Low sample

House

$1.21M

73% of sales · 24 closed

Townhouse

$518k

21% of sales · 7 closed

Market depth

Supply and demand

Listings per month

Sep 2026 — 1 closed · 5 new · 84 active

100

Oct ’24

Jan ’25

Apr ’25

Jul ’25

Oct ’25

Jan ’26

Apr ’26

Jul ’26

ClosedActive (on market)New listings

Seasonality

Avg closings

Listings move fastest in July

Average closings by calendar month, drawn from at least two years of history.

Price-cut pressure

% of active listings

Sep 2026 — 46% of active listings cut · median cut 5.0%

25%

50%

75%

Oct ’24

Jan ’25

Apr ’25

Jul ’25

Oct ’25

Jan ’26

Apr ’26

Jul ’26

3-month averageSingle month

HOA fees per sqft

$ per sqft, monthly

$1.50 per sqft · Sep 2026

$0.00

$0.50

$1.00

$1.50

Oct ’24

Jan ’25

Apr ’25

Jul ’25

Oct ’25

Jan ’26

Apr ’26

Jul ’26

Median monthly HOA fee per square foot among closed sales.

How neighbourhoods compare across Parkland

Median sale price, last 12 months. Tap a row to open its report.

Parkland Golf and Country Club

$1.72M

$1.58M

$1.22M

$893k↓ −30.6% YoY

$824k

$778k↑ +7.5% YoY

$754k↓ −12.0% YoY

$725k

$220k↓ −23.9% YoY

Homes for sale in Heron Bay →Rentals in Heron Bay →

Based on 89 closed transactions over the period shown · Updated Oct 3, 2026 · Medians drawn from fewer than 3 closings are flagged as low sample.