# Sunnybrook Extension: Red Deer's Market Tightens as Sales to New Listings Ratio Hits 85% Red Deer's Sales to New Listings Ratio jumped to 85 percent in September 2026, up from 69 percent in August, signaling a rapid shift toward seller leverage. This local tightening contrasts with national financing pressures as rising bond yields threaten to push fixed mortgage rates higher in the coming weeks. Published 2026-10-11. Evidence snapshot 2026-10-12. ## Key facts and reporting periods - Median Sale Price: 411000 cad. Property type: All. Scope: Red Deer, AB. Reporting date: 2026-10-10. [Source](https://wahi.com/ca/en/housing-market/ab/red-deer-county/red-deer) - Sales Volume: 135 count. Property type: All. Scope: Red Deer, AB. Reporting date: 2026-10-10. [Source](https://wahi.com/ca/en/housing-market/ab/red-deer-county/red-deer) - Sales Volume: 19 count. Property type: All. Scope: Red Deer, AB. Reporting date: 2026-10-10. [Source](https://wahi.com/ca/en/housing-market/ab/red-deer-county/red-deer) - Sales Volume: 868 homes. Property type: All. Scope: Red Deer, AB. Reporting date: 2026-10-10. [Source](https://www.limegreenrealty.ca/blog-main) - Sales Volume: 9 count. Property type: All. Scope: Red Deer, AB. Reporting date: 2026-10-10. [Source](https://www.limegreenrealty.ca/blog-main) - Sales Volume: 0 count. Property type: All. Scope: Red Deer, AB. Reporting date: 2026-10-10. [Source](https://www.limegreenrealty.ca/blog-main) - New Listings: 221 count. Property type: All. Scope: Red Deer, AB. Reporting date: 2026-10-10. [Source](https://wahi.com/ca/en/housing-market/ab/red-deer-county/red-deer) - Active Listings: 323 count. Property type: All. Scope: Red Deer, AB. Reporting date: 2026-10-10. [Source](https://wahi.com/ca/en/housing-market/ab/red-deer-county/red-deer) ## Market summary Red Deer's Sales to New Listings Ratio jumped to 85 percent in September 2026, up from 69 percent in August, signaling a rapid shift toward seller leverage. This local tightening contrasts with national financing pressures as rising bond yields threaten to push fixed mortgage rates higher in the coming weeks. ## Central finding Red Deer's housing market shifted sharply toward seller-favorable conditions between August and September 2026, with the Sales to New Listings Ratio rising from 69% to 85%. This tightening occurred despite a national environment where fixed mortgage rates face upward pressure from rising bond yields, creating a divergence between local absorption speed and broader financing costs. Sources: [Red Deer Red Deer Housing Market Statistics September 20, 1:46am](https://www.macounrealestate.com/statistics/reddeer.html) [City%20of%20Red%20Deer%20-%200262%20-%20Public%5B47%5D](https://albertarealtor.ca/hubfs/City%20of%20Red%20Deer%20-%200262%20-%20Public%5B47%5D.pdf?hsLang=en) [Best mortgage rates Canada | Compare Canada mortgage rates | Ratehub.ca](https://www.ratehub.ca/best-mortgage-rates) ## How the numbers connect The Sales to New Listings Ratio in Red Deer increased by 16 percentage points from August to September 2026. Calculation: September 2026 ratio (85%) minus August 2026 ratio (69%) equals a 16-percentage-point increase in the Sales to New Listings Ratio for Red Deer, AB. Definitions: Sales to New Listings Ratio is the percentage of new listings that result in a sale within the observation period. The August figure (69%) and September figure (85%) are both measured at the city of Red Deer, AB. The spread calculation uses these two point-in-time ratios. Limit: This calculation establishes a change between two specific months in 2026. It does not establish a sustained trend, structural shift, or seasonality. It also does not measure the same metric at the Sunnybrook Extension neighbourhood level. Sources: [Red Deer Red Deer Housing Market Statistics September 20, 1:46am](https://www.macounrealestate.com/statistics/reddeer.html) [City%20of%20Red%20Deer%20-%200262%20-%20Public%5B47%5D](https://albertarealtor.ca/hubfs/City%20of%20Red%20Deer%20-%200262%20-%20Public%5B47%5D.pdf?hsLang=en) ## Red Deer's Sales to New Listings Ratio Surges to 85 Percent In Red Deer, the Sales to New Listings Ratio increased to 85 percent in September 2026, up from 69 percent in August. This 16-percentage-point jump indicates a rapid shift toward seller-favorable conditions, as demand absorbed new supply much faster than it arrived. The city's median sold price stood at $402,500 in August, with an average of 41 days on market. These figures are measured at the city level and do not establish a specific outcome for Sunnybrook Extension, but they suggest that buyers in the area faced heightened competition for available homes during this period. Despite the high sales-to-listings ratio, the median bidding difference in Red Deer was -$7,500 in August, meaning sellers accepted prices below list on average. This contrast suggests that while the market was tight, buyers retained some negotiating power, possibly due to selective pricing or property condition issues. Inventory in Red Deer is at its highest level since 2023 and is rising seasonally, which could moderate the seller leverage seen in September. For agents, this implies that accurate pricing remains critical, as well-priced homes sell quickly while overpriced ones linger. Sources: [Red Deer Red Deer Housing Market Statistics September 20, 1:46am](https://www.macounrealestate.com/statistics/reddeer.html) [City%20of%20Red%20Deer%20-%200262%20-%20Public%5B47%5D](https://albertarealtor.ca/hubfs/City%20of%20Red%20Deer%20-%200262%20-%20Public%5B47%5D.pdf?hsLang=en) [Red Deer Housing Market Report: 20th Sep, 2026 | Wahi](https://wahi.com/ca/en/housing-market/ab/red-deer-county/red-deer) [Central Alberta Real Estate FAQ | Red Deer Home Buying & Selling Questions](https://www.limegreenrealty.ca/central-alberta-real-estate-faq) ## Rising Bond Yields Pressure Fixed Mortgage Rates As of September 18, 2026, the lowest available five-year fixed mortgage rate in Canada was 4.24%, while the Bank of Canada held its policy rate steady at 2.25%. However, rising five-year Government of Canada bond yields near 3.65% are exerting upward pressure on fixed rates, potentially pushing them higher in the coming weeks. This national financing environment creates a headwind for buyer affordability, as higher fixed rates reduce monthly payment capacity. The mechanism operates at the national level, and no supplied target-scope transaction series establishes whether this changed demand or prices in Sunnybrook Extension specifically. The Bank of Canada's second consecutive rate cut in October 2025 lowered the key policy rate to 2.25%, which initially supported demand in Red Deer. However, the subsequent rise in bond yields complicates this picture, as fixed-rate borrowers face renewed cost pressure. National sales are expected to grind higher through the second half of 2026, supported by pent-up demand, but remain below pre-pandemic norms until late 2027. For Red Deer, this means that while local demand remains strong, the broader financing environment may limit the pace of price appreciation, particularly for buyers relying on fixed-rate mortgages. Sources: [Best mortgage rates Canada | Compare Canada mortgage rates | Ratehub.ca](https://www.ratehub.ca/best-mortgage-rates) [Red Deer Real Estate Market Update – Nov 2025 | Central Alberta Housing Trends -](https://www.limegreenrealty.ca/blog/95326/red-deer-real-estate-market-update-nov-2025-central-alberta-housing-trends) [https://economics.td.com/RealEstate](https://economics.td.com/RealEstate) ## Federal Infrastructure Funds Target Housing-Enabling Projects The Canada Housing Infrastructure Fund (CHIF), established in April 2024, provides $6 billion over 10 years to support housing-enabling water, wastewater, stormwater, and solid waste infrastructure. Communities with populations over 30,000 must implement zoning changes allowing four units as-of-right to qualify for CHIF funding. Red Deer, with a population exceeding 30,000, is eligible for this funding, which could facilitate density increases and improve infrastructure capacity. The Build Communities Strong Fund, launching in 2026-27, will provide $51 billion over 10 years for public infrastructure, including housing. While these funds aim to address long-term supply gaps, their direct effect on private housing supply in Red Deer is mediated by local planning and development activity. The completion deadlines for CHIF projects range from September 2031 to September 2033, indicating a multi-year timeline for infrastructure improvements. Sources: [Canada Housing Infrastructure Fund - Housing, Infrastructure and Communities Canada](https://housing-infrastructure.canada.ca/housing-logement/chif-fcil/index-eng.html) [Funding programs - Housing, Infrastructure and Communities Canada](https://housing-infrastructure.canada.ca/prog/index-eng.html) ## The strongest counter-case While the Sales to New Listings Ratio rose to 85%, the median bidding difference in Red Deer was -$7,500 in August 2026, indicating sellers were accepting prices below list. Additionally, inventory is described as being at its highest level since 2023 and rising seasonally, which suggests the tightness may be temporary rather than structural. Rising five-year Government of Canada bond yields near 3.65% also pose a risk to future demand if they push fixed mortgage rates higher. Sources: [Red Deer Housing Market Report: 20th Sep, 2026 | Wahi](https://wahi.com/ca/en/housing-market/ab/red-deer-county/red-deer) [Central Alberta Real Estate FAQ | Red Deer Home Buying & Selling Questions](https://www.limegreenrealty.ca/central-alberta-real-estate-faq) [Best mortgage rates Canada | Compare Canada mortgage rates | Ratehub.ca](https://www.ratehub.ca/best-mortgage-rates) ## Living here City-level amenities mapped in Red Deer include schools such as Annie L. Gaetz Elementary School, Don Campbell Elementary School, and Holy Family School; parks including City Hall Park; dog parks like Oxbows Off-Leash Dog Park; transit stops along Inglewood Drive, Carrington Drive, and Dawson Street; childcare centers Explore & Develop Academy and First Steps and Beyond; grocery anchors Co-op and Real Canadian Superstore; and recreation facilities. These are recorded map presence only and do not establish walkability, access, or price effects. Sources: [Annie L. Gaetz Elementary School](https://www.openstreetmap.org/way/1055120577) ## The early signal The Sales to New Listings Ratio in Red Deer, which moved from 69 percent in August 2026 to 85 percent in September 2026. How it reaches the market: A rising ratio indicates that demand is absorbing new supply faster than it arrives, reducing buyer choice and increasing competition for available homes. This typically leads to higher offer-to-list ratios and shorter days on market before average prices adjust upward. Typical lead time: One month ahead of the headline price index, as it reflects current transaction velocity relative to new supply. Sources: [Red Deer Red Deer Housing Market Statistics September 20, 1:46am](https://www.macounrealestate.com/statistics/reddeer.html) [City%20of%20Red%20Deer%20-%200262%20-%20Public%5B47%5D](https://albertarealtor.ca/hubfs/City%20of%20Red%20Deer%20-%200262%20-%20Public%5B47%5D.pdf?hsLang=en) ## Next 3 months, through December 2026 Prices: flat. Flat to slightly rising prices in Red Deer, driven by low inventory and high sales-to-listings ratio. Not a measured Sunnybrook Extension result. Why: The 85% Sales to New Listings Ratio in Red Deer (measured at city scope) indicates strong seller leverage. However, the negative median bidding difference of -$7,500 in August suggests some softening in negotiation power. Rising bond yields may begin to affect buyer confidence. This scenario is not a measured target-locality result for Sunnybrook Extension. Buyers: wait. Waiting allows buyers to observe whether the high sales-to-listings ratio persists into fall or if rising inventory and bond yields cool the market. Acting now risks paying premium prices in a competitive environment. Sellers: list now. Sellers benefit from the current 85% sales-to-listings ratio, which indicates strong demand relative to supply. Listing now maximizes the chance of receiving multiple offers and selling quickly. Watch: A drop in the Sales to New Listings Ratio below 70% or a significant increase in active listings beyond seasonal norms would indicate a cooling market. Confidence: moderate. Sources: [Red Deer Red Deer Housing Market Statistics September 20, 1:46am](https://www.macounrealestate.com/statistics/reddeer.html) [Red Deer Housing Market Report: 20th Sep, 2026 | Wahi](https://wahi.com/ca/en/housing-market/ab/red-deer-county/red-deer) [Best mortgage rates Canada | Compare Canada mortgage rates | Ratehub.ca](https://www.ratehub.ca/best-mortgage-rates) ## Next 6 months, through March 2027 Prices: flat. Flat prices in Red Deer as rising inventory offsets demand. Not a measured Sunnybrook Extension result. Why: Inventory is at its highest level since 2023 and rising seasonally. If this trend continues, the seller leverage seen in September may erode. Rising bond yields could further constrain buyer affordability. This scenario is not a measured target-locality result for Sunnybrook Extension. Buyers: either way. Buyers can act either way depending on their urgency. If waiting, they may see more inventory and potentially lower prices. If acting now, they secure a home in a still-tight market but face higher competition. Sellers: wait. Sellers should wait until spring 2027 when demand typically rebounds. Selling in late winter may result in longer days on market and less negotiating power as inventory peaks. Watch: A sustained increase in months of inventory above 3.0 or a significant rise in fixed mortgage rates would signal a shift to a buyer's market. Confidence: low. Sources: [Central Alberta Real Estate FAQ | Red Deer Home Buying & Selling Questions](https://www.limegreenrealty.ca/central-alberta-real-estate-faq) [Best mortgage rates Canada | Compare Canada mortgage rates | Ratehub.ca](https://www.ratehub.ca/best-mortgage-rates) ## Next 12 months, through September 2027 Prices: falling. Falling prices in Red Deer as the mortgage renewal wave impacts affordability and inventory remains elevated. Not a measured Sunnybrook Extension result. Why: National sales are expected to remain below pre-pandemic norms until late 2027. The impact of the pandemic-era mortgage renewal wave will be fully realized, potentially dampening demand. This scenario is not a measured target-locality result for Sunnybrook Extension. Buyers: buy now. Buyers should act now if they need to move, as the market may become more balanced or buyer-favorable in the latter half of 2027. Waiting risks facing a market with even more inventory and lower prices, but also potentially fewer options. Sellers: wait. Sellers should wait until 2028 when the mortgage renewal wave has passed and demand may recover. Selling in 2027 risks facing a market with high inventory and reduced buyer purchasing power. Watch: A significant drop in national sales volume or a sharp increase in unemployment would accelerate the price decline. Conversely, a major infrastructure investment or population surge could reverse the trend. Confidence: low. Sources: [https://economics.td.com/RealEstate](https://economics.td.com/RealEstate) [Royal LePage Blog | Canadian Real Estate News | Canada's housing market poised for a fall rebound after a slow spring - Royal LePage Blog | Canadian Real Estate News](https://blog.royallepage.ca/canadas-housing-market-poised-for-a-fall-rebound-after-a-slow-spring/) Assumptions: The Bank of Canada maintains its policy rate at 2.25% through the forecast period; Rising five-year Government of Canada bond yields continue to exert upward pressure on fixed mortgage rates; Seasonal inventory increases in Red Deer follow historical patterns without unexpected shocks. What would reverse this: If five-year bond yields rise significantly above 3.65%, pushing fixed mortgage rates higher, buyer purchasing power could decrease, leading to a drop in the Sales to New Listings Ratio and a return to balanced market conditions. Alternatively, if inventory rises sharply due to seasonal listing surges, the seller leverage indicated by the 85% ratio could dissipate quickly. Sources: [Red Deer Red Deer Housing Market Statistics September 20, 1:46am](https://www.macounrealestate.com/statistics/reddeer.html) [City%20of%20Red%20Deer%20-%200262%20-%20Public%5B47%5D](https://albertarealtor.ca/hubfs/City%20of%20Red%20Deer%20-%200262%20-%20Public%5B47%5D.pdf?hsLang=en) [Best mortgage rates Canada | Compare Canada mortgage rates | Ratehub.ca](https://www.ratehub.ca/best-mortgage-rates) [Central Alberta Real Estate FAQ | Red Deer Home Buying & Selling Questions](https://www.limegreenrealty.ca/central-alberta-real-estate-faq) [https://economics.td.com/RealEstate](https://economics.td.com/RealEstate) [Royal LePage Blog | Canadian Real Estate News | Canada's housing market poised for a fall rebound after a slow spring - Royal LePage Blog | Canadian Real Estate News](https://blog.royallepage.ca/canadas-housing-market-poised-for-a-fall-rebound-after-a-slow-spring/) ## Sources - [Red Deer Red Deer Housing Market Statistics September 20, 1:46am](https://www.macounrealestate.com/statistics/reddeer.html): Source reference date 20 September 2026 (observation period not stated). Scope: city, Red Deer, AB. - [City%20of%20Red%20Deer%20-%200262%20-%20Public%5B47%5D](https://albertarealtor.ca/hubfs/City%20of%20Red%20Deer%20-%200262%20-%20Public%5B47%5D.pdf?hsLang=en): Source reference date 1 August 2026 (observation period not stated). Scope: city, Red Deer, AB. - [Best mortgage rates Canada | Compare Canada mortgage rates | Ratehub.ca](https://www.ratehub.ca/best-mortgage-rates): First captured 20 September 2026; publication date unavailable. Scope: National, CA. - [Red Deer Housing Market Report: 20th Sep, 2026 | Wahi](https://wahi.com/ca/en/housing-market/ab/red-deer-county/red-deer): Source reference date 20 September 2026 (observation period not stated). Scope: city, Red Deer, AB. - [Central Alberta Real Estate FAQ | Red Deer Home Buying & Selling Questions](https://www.limegreenrealty.ca/central-alberta-real-estate-faq): Source reference date 20 September 2026 (observation period not stated). Scope: city, Red Deer, AB. - [Red Deer Real Estate Market Update – Nov 2025 | Central Alberta Housing Trends -](https://www.limegreenrealty.ca/blog/95326/red-deer-real-estate-market-update-nov-2025-central-alberta-housing-trends): Observation reference period: 29 October 2025. Scope: city, Red Deer, AB; city. - [https://economics.td.com/RealEstate](https://economics.td.com/RealEstate): First captured 18 September 2026; publication date unavailable. Scope: National, CA. - [Canada Housing Infrastructure Fund - Housing, Infrastructure and Communities Canada](https://housing-infrastructure.canada.ca/housing-logement/chif-fcil/index-eng.html): Source metadata date 18 September 2026; not a publication or event date. Scope: National, CA. - [Funding programs - Housing, Infrastructure and Communities Canada](https://housing-infrastructure.canada.ca/prog/index-eng.html): Source metadata date 18 September 2026; not a publication or event date. Scope: National, CA. - [Annie L. Gaetz Elementary School](https://www.openstreetmap.org/way/1055120577): date unavailable. Scope: city. - [Royal LePage Blog | Canadian Real Estate News | Canada's housing market poised for a fall rebound after a slow spring - Royal LePage Blog | Canadian Real Estate News](https://blog.royallepage.ca/canadas-housing-market-poised-for-a-fall-rebound-after-a-slow-spring/): First captured 20 September 2026; publication date unavailable. Scope: National, CA. Prepared by Aurynge with AI-assisted research and writing. See /methodology for the evidence and publication policy.