Calgary's lake communities, by the numbers.
One honest comparison table for all nine lake communities: what homes actually sold for, how fast, and whether the market favours buyers or sellers right now. Real Pillar 9 MLS data, not a portal estimate.
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Calgary's nine lake communities range from an average sold price in the low $500,000s in Arbour Lake up to the high $800,000s in Lake Bonavista. Most are tight seller's markets, with several under two months of supply and sale-to-list ratios in the high nineties. Mahogany is the highest-volume community by far, with well over 400 homes sold in the trailing twelve months. The table below has the exact, current numbers for each.
Those are aggregate numbers across whole communities. What your specific home is worth depends on the street, the condition, the updates, and the layout, which is a conversation, not a table. But the table below is the honest starting point, and it is the same data I work from.
All nine lake communities compared
Sorted by average sold price. The Market column reads the months of supply: under two months is a strong seller's market, two to four is still seller-leaning, and above four is more balanced.
| Community | Avg sold price | Sold (12 mo.) | Avg days on market | Sale-to-list | Months of supply | Market |
|---|---|---|---|---|---|---|
| Lake Bonavista | $865K | 148 | 27 days | 99% | 1.5 | Strong seller's |
| McKenzie Lake | $773K | 175 | 25 days | 99% | 1.0 | Strong seller's |
| Mahogany | $698K | 450 | 51 days | 98% | 4.6 | Balanced |
| Lake Sundance | $696K | 106 | 23 days | 99% | 1.1 | Strong seller's |
| Coral Springs | $689K | 31 | 50 days | 96% | 5.8 | Balanced |
| Lake Chaparral | $669K | 180 | 28 days | 99% | 1.9 | Strong seller's |
| Auburn Bay | $599K | 367 | 37 days | 98% | 1.8 | Strong seller's |
| Lake Midnapore | $585K | 85 | 33 days | 99% | 1.6 | Strong seller's |
| Arbour Lake | $514K | 152 | 44 days | 98% | 2.9 | Seller's |
Figures are aggregate sold data as of June 2026. Source: Pillar 9 MLS. Market column is a general read from months of supply, not an appraisal of any individual home.
What these numbers actually mean
Average sold price is exactly that, the average of what homes sold for over the last twelve months. It is not a list price and not an estimate. A community with a high average usually has bigger or more updated homes, not necessarily a better deal.
Days on market tells you how fast homes are moving. Sale-to-list shows how close to asking they are selling, where 99 percent means buyers are paying almost full price and sellers are holding firm. Months of supply is the balance gauge: how long it would take to sell every active listing at the current pace. Low numbers mean demand is outrunning supply, which is most of these communities right now.
One number that surprises people is Bonavista's 60 sales over a million dollars in a year. That is not a luxury enclave, it is a mature community where renovated and lakefront homes regularly cross that line. McKenzie Lake and Mahogany are close behind for the same reason.
Questions about the lake market
How often is this data updated?
I refresh it from Pillar 9 MLS, the same system every Calgary agent uses, and the date shown on the table is the period it covers. Aggregate market figures move slowly, so a monthly read is plenty. If you want a current number on a specific home or street, ask me directly and I will pull it fresh.
Why don't you show individual sold prices?
Individual sold prices in Alberta are protected MLS data, not public information. I can show aggregate community averages, which is what this table is. For the actual sold comparables on your street, I provide those directly to clients as part of a proper market evaluation, which is allowed.
Which lake community is the best value right now?
On the raw numbers, Arbour Lake and Midnapore have the lowest averages while still giving you a private lake, so they screen as value. But value depends on what you need. A balanced market like Coral Springs gives you more room to negotiate, while a tight one like McKenzie Lake means moving fast. I am happy to talk through which trade-off fits you.
Does a tight seller's market mean I shouldn't buy?
Not at all. It means you should go in prepared: financing sorted, expectations realistic, and an agent who moves quickly. I am a licensed mortgage broker as well, so I can get your financing pre-positioned before we even start looking. That is often the difference between winning a home and losing it in a fast market.