What is Happening in the Edmonton Housing Market?
The average residential sale price in Edmonton increased by 3.3 per cent across all property types between 2025 and 2026, rising from $460,129 to $475,263. Meanwhile, the number of sales decreased by approximately 12 per cent over the same period, from 17,249 to 15,178. The number of listings increased by approximately 2.8 per cent, from 25,512 to 26,219. Looking ahead to fall, average 2026 sale prices are expected to increase by approximately two per cent above 2025 levels, while the number of sales is projected to decline by about 10 per cent.
According to local Broker/Owner John Carter of REMAX River City, the Edmonton housing market has shifted from a strong sellers’ market toward a more balanced one, with pockets that still favour sellers. Inventory is higher, sales have declined, and average days on the market have increased from 33 to 39 days, giving buyers more choice and negotiating power. Detached homes continue to outperform, while the condominium segment has softened.
Economic uncertainty is the biggest factor delaying first-time buyers.
The GST rebate is pushing some buyers toward new construction rather than resale. Buyers are generally aware of the incentive but often need guidance on how it applies, while builders are again offering incentives and greater flexibility as new-construction supply begins to outpace demand.
Buyers are least willing to compromise on property type, although demand has shifted toward new construction around Edmonton’s perimeter and buyers are more accepting of longer commutes. Safety, crime, and schools remain important considerations.
The condominium market is currently strongly buyer-favourable, while single-family homes below $650,000 remain highly sought after, and luxury sales have been a standout.
The foreign buyer ban has had little impact on affordability or new construction development.
Frequently Asked Questions
How have home prices changed in Greater Edmonton?
The average residential sale price in Greater Edmonton increased by 3.3 per cent across all property types between 2025 and 2026, rising from $460,129 to $475,263.
How have sales and listings changed in Greater Edmonton?
The number of sales decreased by approximately 12 per cent, from 17,249 to 15,178, while the number of listings increased by approximately 2.8 per cent, from 25,512 to 26,219.
What is expected for Greater Edmonton home prices in 2026?
Average 2026 sale prices are expected to increase by approximately 2 per cent above 2025 levels.
What is expected for home sales in Greater Edmonton in 2026?
The number of sales is projected to decline by about 10 per cent.
What type of market is Greater Edmonton currently experiencing?
The Greater Edmonton market has shifted from a strong sellers’ market toward a more balanced one, with pockets that still favour sellers. Inventory is higher, sales have declined and average days on the market have increased from 33 to 39 days, giving buyers more choice and negotiating power.
What is the biggest factor delaying first-time buyers?
Economic uncertainty is the biggest factor delaying first-time buyers.
How is the GST rebate affecting the market?
The GST rebate is pushing some buyers toward new construction rather than resale. Buyers are generally aware of the incentive but often need guidance on how it applies, while builders are again offering incentives and greater flexibility as new-construction supply begins to outpace demand.
What are buyers least willing to compromise on?
Buyers are least willing to compromise on property type, although demand has shifted toward new construction around Edmonton’s perimeter and buyers are more accepting of longer commutes. Safety, crime and schools remain important considerations.
Which market segments are performing best in Greater Edmonton?
Detached homes continue to outperform, while the condominium segment has softened. The condominium market is currently strongly buyer-favourable, while single-family homes below $650,000 remain highly sought after, and luxury sales have been a standout.
Has the foreign buyer ban affected affordability or new construction development?
The foreign buyer ban has had little impact on affordability or new construction development.
