Canada Bay Property Market & Buyers Agents 2026

The property market in Canada Bay is a tale of two distinct asset classes. Freestanding houses command a premium, with a median price of $2.89M, reflecting the suburb's desirability, tightly held nature, and waterfront location. The house market has demonstrated resilience and consistent long-term performance, with a 10-year compound annual growth rate of 13.5%. While the most recent 12-month growth has been a more modest 2.9%, this follows a period of significant appreciation and now represents a stable, mature market. Demand remains robust, evidenced by a regional auction clearance rate of 72% for the Inner West and an average of just 44 days on market for houses. The long average hold period of nearly 12 years for properties in the broader area signifies that residents buy to stay, limiting supply and supporting price stability.

In contrast, the unit market has experienced a significant correction. The current median unit price sits at $1.02M, a sharp 19.2% decrease over the past 12 months. This suggests a potential oversupply in the broader City of Canada Bay LGA or a strong market preference for freestanding homes in this blue-chip location. While this presents a challenging environment for recent investors, it may offer a strategic entry point for buyers who have been priced out of the housing market but still want the premium lifestyle of the suburb. The rental yield for units, at 3.4%, is considerably healthier than the 2.3% for houses, which may attract yield-focused investors as the price correction bottoms out.

Canada Bay is a prestigious Inner West suburb located 11 kilometres west of the Sydney CBD, nestled on the picturesque shores of the Parramatta River. Its name commemorates French-Canadian rebels exiled to Australia in the 1830s, a history explored at the City of Canada Bay Museum and through plaques in local parks.

The suburb's lifestyle is dominated by its waterfront setting and abundant green space. It boasts nearly 0.3 square kilometres of parkland, covering almost 20% of its total area. Key recreational hubs include Bayview Park, the recently upgraded McIlwaine Park with its new beach and rockpools, and the expansive Concord Oval precinct, which provides world-class sporting facilities. These parks are linked by foreshore walking and cycling paths, offering stunning water views.

While the suburb itself is primarily residential and tranquil, it is moments from the bustling shopping and dining precincts of Five Dock, with its renowned Italian eateries, and Drummoyne on Victoria Road. For transport, residents rely on extensive bus services, including direct routes to the CBD. While there is no train station in the suburb itself, the nearby stations of Burwood and Strathfield are a short bus ride away. Ferry services from Drummoyne and Cabarita provide a scenic and popular commute to the city.

Families are well-catered for with a number of highly regarded schools in the immediate vicinity, including Five Dock Public School, All Hallows Catholic Primary School, Rosebank College, and Domremy College for girls. The combination of high-quality amenities, excellent schools, and a serene, community-focused environment makes Canada Bay a premier address in the Inner West.