Edmonton Real Estate Statistics (2026)

Edmonton has one of the most affordable major housing markets in Canada. Over the years, it has become increasingly attractive to homebuyers looking for lower housing costs than those found in Vancouver, Toronto, and many other large metropolitan areas. Population growth, a diverse economy, and relatively affordable property prices support housing demand across Edmonton. 

While Edmonton, like many other Canadian major cities, has experienced significant price growth in recent years, housing is still more affordable than in most other major Canadian cities. The city has a strong homeownership rate, which,  together with a growing population, has created a stable real estate market. 

Key 2026 Edmonton Real Estate Statistics

• At the end of 2025, the average home price in Edmonton was around $418,500. 
• Edmonton’s benchmark home price exceeded $470,000 in spring 2026.
• During 2025, residential prices increased by roughly 10% year-over-year.
• The population of the Edmonton Census Metropolitan Area was around 1.42 million in the 2021 Census. 
• Over 21,000 residential properties were sold in the Edmonton area in 2025. 
• In Edmonton, detached homes account for approximately half of all residential property sales. 
• At around 70%, Edmonton has one of the highest homeownership rates among the major cities in Canada. 
• Condominium prices increased by over 12% year-over-year in 2025. 
• Edmonton is one of the most affordable major cities in Canada. 
• Alberta recorded strong interprovincial migration during 2024 and 2025. 

Edmonton Housing Market Overview

Edmonton is the capital city of Alberta and the fifth-largest metropolitan area in Canada. The Edmonton Census Metropolitan Area had a population of around 1.42 million in 2021, which was 7.1% higher than the population recorded in the 2016 Census. More recent estimates place the population of the metropolitan area at around 1.6 million residents, reflecting continuing population growth in the region. The growth rate is higher than in some other major cities, including Toronto and Montreal. 

Edmonton’s population has grown faster in recent years because of both international immigration and interprovincial migration into Alberta. Many Canadians have been relocating from more expensive provinces such as Ontario and British Columbia in search of more affordable housing and a lower cost of living. The growing population has increased demand for housing and contributed to rising home prices and strong sales activity in the area since 2022. 

Edmonton House Prices

Edmonton is one of the more affordable major real estate markets in Canada. The average home cost around $418,500 at the end of 2025, which was a considerably lower average than those seen in many other major retail markets, including Greater Vancouver, the Greater Toronto Area, Greater Montreal, and Calgary. The city’s relative affordability has attracted both homebuyers and investors into the area. In 2015, house prices in Edmonton increased by roughly 10% overall, with condominium prices increasing by around 12% year-over-year.

In spring 2026, the benchmark property prices in Edmonton were approximately: 

• Detached homes: $585,000
• Semi-detached homes: $455,000
• Townhouses: $310,000
• Condominiums: $225,000

Detached homes remain the most expensive housing option in Edmonton, even though their prices are still well below those in many other major cities in Canada. Condominiums are the most affordable home ownership option in the area and are especially attractive to many first-time buyers. 

Edmonton Real Estate Sales

Edmonton has seen strong real estate sales activity in recent years. In 2025, over 21,000 residential properties were sold across the Greater Edmonton Area, making it one of the strongest years for home sales in the region’s history. Despite changing market conditions, population growth, and continued demand, help keep sales activity at elevated levels. 

In Edmonton, detached homes account for around half of all residential sales, while townhouses and condominiums make up most of the remaining transactions. Edmonton’s sales activity has been supported not just by the area’s population growth but also by the favourable employment market and Edmonton’s affordability compared to many other major markets in Canada. Because of these factors, buyer demand has remained resilient despite higher mortgage rates and rising cost of living. 

Housing Supply in Edmonton

In Edmonton, the number of homes available for sale has remained lower than historical averages since 2023. The area’s population growth has led to increased demand and reduced the number of available homes in many neighbourhoods. As a result, market conditions often reflected fewer than four months of home supply during most of 2024 and 2025, which is generally associated with a seller’s market. 

A balanced real estate market is generally considered when there is a four to six months of supply. The supply is often below this range in Edmonton, which has supported price growth in the area. Detached homes have seen some of the tightest conditions, while there is generally better availability for condominiums. While new housing construction in Edmonton has increased in recent years, ongoing demand for homes has absorbed many of the additional homes entering the market. 

Homeownership in Edmonton

Edmonton has one of the highest homeownership rates among the major metropolitan areas in Canada. According to the Census of 2021, around 70% of households in Edmonton lived in owner-occupied homes. This was higher than the national rate of 66.5% and considerably higher than the rates recorded in cities such as Toronto (about 66%), Vancouver (47.8%), and Montreal (about 41%).

While the relatively affordable homes in the city have supported homeownership rates across a wider range of income groups, homeownership increases with age, income, and household size. Couples in Edmonton are more likely to own their homes than single individuals, while higher-income households have the highest ownership rates. The rate is also higher among established immigrants than among recent arrivals to the city. 

Edmonton Housing Affordability

Edmonton is widely seen as one of the most affordable large housing markets in Canada. At the end of 2025, the average home price in Edmonton was around $418,500 compared to about $1.14 million in Greater Vancouver, $962,300 in the Greater Toronto Area, $674,700 in Greater Montreal, and $565,100 in Calgary. This means that the average home cost less than half of that in Toronto and about one-third of that in Vancouver, which highlights a significant difference in affordability across major Canadian cities. 

This advantage has become increasingly important as rising housing costs have been seen across the country. Mortgage qualification requirements are generally easier to meet in Edmonton because of the lower purchase prices and smaller down payments. Although affordability has declined a little due to higher interest rates and recent price growth, Edmonton remains one of the few Major cities in Canada, where many middle-income households can still afford to buy a detached home. 

Edmonton’s relatively low home prices have also supported interprovincial migration, especially from Ontario and British Columbia, and continue to sustain demand for housing despite the higher cost of borrowing. 

Edmonton Real Estate Forecast

Most real estate forecasts suggest that Edmonton’s housing market will remain relatively strong for the remainder of 2026 and into 2027, supported by the area’s strong population growth. Although new construction activity has increased in Edmonton in recent years, demand is still elevated relative to supply in many parts of the city. 

Price growth in Edmonton is expected to be more moderate than in recent years, especially compared to the rapid increases recorded in 2024 and 2025. However, most real estate analysts are not anticipating a widespread decline in prices; rather, gradual increases remain the more common market expectation for Edmonton. The city’s affordability and relatively strong economic fundamentals are expected to remain key drivers for home sales activity in the area.