Edmonton Housing Market Report
- The average price of a home in the Edmonton area decreased to $447,005 in November 2025. This price is 1.7% lower than October 2025 and represents a 2.4% yearly increase from November 2024.
- Benchmark Prices grew 3.3% annually to reach $415,500. This is 1.3% lower than last month.
- The average price of detached homes decreased 1.0% month-over-month (MoM) to $553,746, but remained 2.5% higher year-over-year (YoY).
- Semi-detached home average prices decreased 1.2% from the previous month to $423,790, remaining 3.0% higher YoY.
- Townhouse average prices decreased 2.5% MoM to $289,605, reflecting a 0.5% increase YoY.
- Apartment average prices increased 1.3% from last month to $205,314, up 2.5% YoY.
- Among Canada's six largest population centers, Edmonton remains the most affordable
- December 15, 2025 Update: Today’s Lowest mortgage rate in Edmonton is 3.54% for 5-Year Variable.
Edmonton Housing Market Overview
Edmonton Housing Market: Price Movements for November 2025
Benchmark Home Price | $415,500 | -1.3% 1-Month Change | +3.3% 1-Year Change |
Average Home Price | $447,005 | -1.7% 1-Month Change | +2.4% 1-Year Change |
Median Home Price | $427,000 | -0.7% 1-Month Change | +2.8% 1-Year Change |
Note: The MLS HPI benchmark price represents the value of a ‘typical’ home in the area.
Annual and Monthly Price Movement
In November 2025, the average home price was $447,005, showing a 2.4% YoY (year-over-year) increase but declining 1.7% MoM (month-over-month). The detached home average price fell 1.0% MoM to $553,746, up 2.5% YoY from November 2024. Semi-detached home average prices decreased 1.2% MoM to $423,790, remaining 3.0% higher YoY. The townhouse average price decreased 2.5% MoM to $289,605, up 0.5% YoY. Apartment average prices increased 1.3% MoM to $205,314, showing a 2.5% YoY increase.
The Edmonton area Benchmark Price of $415,500 is 1.3% lower than last month and 3.3% higher than November 2024. Examining home categories in the Greater Edmonton Area, the Benchmark Price of single-family detached homes was $508,000 for November 2025, representing a 7.5% annual increase but a 1.5% monthly decrease. The benchmark townhouse price increased 0.1% MoM to $272,400, representing a 1.1% yearly increase. The Benchmark Price for apartments was $196,700 for November 2025, a 1.4% increase YoY and a 1.1% monthly decrease.
The median residential sale price in November 2025 was $427,000, a 2.8% increase from the same month last year but a 0.7% decline from October. Examining the median sold prices for home categories in the Edmonton area, single-family detached homes had a median sale price of $510,000 for November 2025, representing a 2.0% annual increase and a 0.4% monthly decrease. The median semi-detached sold price of $425,000 represents a 5.7% yearly rise and a 0.5% monthly increase. The median townhouse sold price of $282,500 represents an 8.1% monthly decrease but a 2.6% annual decrease. Condo apartments sold at a median price of $188,950 for November 2025, a 3.5% increase from November 2024 but a 3.3% monthly decline.
Sale Numbers and State of the Edmonton Market
In November 2025, 1,654 residential homes, including 962 detached dwellings, 201 semi-detached houses, 246 apartments, and 245 townhouses, changed hands in the Greater Edmonton area. This represents a 19.7% month-over-month decrease from October and a 13.9% year-over-year decrease compared to November 2024. There were 2,281 new listings, marking a 28.1% decrease in new listings month-over-month but an 11% increase year-over-year. Inventory at month-end declined to 5,961 units, down 11% from the previous month but 33% higher compared to November 2024.
The Edmonton area's sales-to-new-listings ratio (SNLR) is 73%, compared with 62% in October 2025, which is mostly a seasonal effect. The sales-to-inventory ratio is 28%, compared with 31% in October 2025, while the months of supply are 3.6. The months of inventory suggest the Edmonton area is a balanced housing market, which offers reasonable opportunities for both sellers and buyers. The market is consolidating after a period of high growth.
It took an average of 45 days (compared with 40 last month) for residential properties to sell in Greater Edmonton. For detached homes, the average days on market was 44, while for apartment condos, it was 55. For townhouses, this metric was 43 days, and for semi-detached, it was 42 days.
Edmonton Housing vs. Inflation and Other Housing Markets
Edmonton is an affordable housing market compared to other large Canadian housing markets. Over the past 20 years, benchmark Edmonton house prices have increased by 129%, compared with a CPI inflation of 53%. Meanwhile, the population of Edmonton and its surroundings grew from 1,018,100 to 1,631,600 (60%).
The ten-year price growth of homes in Edmonton, 18%, has been very modest compared to other major Canadian cities, most notably 61% for Toronto’s housing market, 106% for the Montreal housing market, 33% for the Calgary housing market, 89% for the Ottawa housing market and 33% for Vancouver’s housing market. This underperformance suggests the relative absence of speculation in the Edmonton real estate market, which, in turn, implies a relatively ample housing supply. Given the correlation between home unaffordability and over-regulation of land use . Edmonton home buyers are reaping the fruit of housing freedom, especially the fast approval of housing projects.
🏗️ Edmonton Housing Market Expectation: A Balanced Transition
The Edmonton housing market is transitioning from a high-growth period in 2023-2024 to a more balanced market heading into 2026. While the region's extreme affordability advantage and population growth provide a strong foundation, recent increases in inventory and the impact of trade policy present challenges.
1. Core Market Outlook (2025-2027)
| Metric | Short-Term Expectation (December 2025-early 2026) | Long-Term Expectation (2026+) |
|---|---|---|
| Price Growth | Moderation/Easing (Price gains have stalled or declined MoM in Q4 2025). | Solid Appreciation (Forecasts suggest a rebound with 4-7% annual growth). |
| Inventory | Increasing Supply (Inventory up significantly YoY, creating more choice and balanced conditions). | Supply Remains Key Barrier (New construction slowing in condo segment; detached inventory still low). |
| Sales Activity | Seasonal Slowdown (Sales have moderated significantly from the summer peak). | Rebound Expected. |
2. Strong Demographic & Economic Drivers
Edmonton's fundamental strength will underpin long-term gains, similar to Winnipeg:
- Extreme Affordability Advantage: Edmonton remains one of the most affordable major markets in Canada. This continues to drive powerful inter-provincial migration from high-cost provinces like B.C. and Ontario, sustaining buyer demand.
- Immigration Lag Effect: Edmonton, like the rest of Alberta, has experienced massive recent population growth. While federal immigration cuts will slow new arrivals, the large wave of permanent residents (PRs) who arrived in the last 2-3 years are now entering the market, driving sustained demand for first-time purchases (condos and affordable homes).
- Economic Strength: Alberta's economy is forecast to remain relatively robust, supporting employment and buyer confidence, especially when compared to national trends.
3. Critical External Risks (Trade Policy)
As discussed, trade uncertainty directly impacts construction costs, overriding the local affordability dynamic:
- Risk of Higher Construction Costs: A trade war with the US (via tariffs on both Canadian and US goods) will increase the cost of finished materials and specialized equipment (HVAC, electrical systems, fixtures) that the construction industry imports.
- Impact: This raises the price floor for new housing, including row houses and condos, effectively eroding Edmonton's affordability edge and potentially causing developers to delay projects, which would worsen the long-term supply shortage.
- Economic Uncertainty: Broader trade tensions (with the US and China) will constrain business investment and overall economic growth, which could dampen the buyer confidence that the market needs to rebound in 2026.
In Conclusion: Edmonton is entering a period of market stability and consolidation following a strong run. The affordability and demographics are powerful upsides, but the recent surge in listings is creating a temporary softness. The key to sustaining long-term, healthy price growth hinges on the market successfully absorbing the new supply and mitigating the rising construction costs caused by trade volatility.
Note: The benchmark price reflects the value of a typical home based on MLS® HPI, while the average and median prices represent actual transactions. High-end sales can skew the average, while the median is less sensitive to extremes.
Notes: % changes are from WOWA’s versioned month-end series. Later board revisions may lead to small % differences vs. the board’s current live pages.
Home Prices in Edmonton
Greater Edmonton Area Housing Market Statistics for All Property Types in November 2025
Average Sold Price and MLS HPI Benchmark Price for GEA
Total Transactions in GEA
Market Overview for Detached Homes in November 2025
Average Sold Price
Transactions
Market Overview for Semi-Detached Homes in November 2025
Average Sold Price
Transactions
Market Overview for Townhouses in November 2025
Average Sold Price
Transactions
Market Overview for Condo Apartments in November 2025
Average Sold Price
Transactions
Glossary and Definitions
MLS® HPI: The MLS® Home Price Index (HPI) is an index by the Canadian Real Estate Association (CREA) that tracks the prices of homes in a neighborhood. It allows Canadians to quickly compare home prices across Canada and between periods of time without having to account for specific features of a property. Unlike market prices, which can fluctuate from month to month based on seasonal dynamics, the HPI provides a stable view and tracks trends across a longer period of time. The HPI is reviewed every year in May to adjust for changes in the real estate marketplace.
MLS® HPI Benchmark Price: The MLS® Home Price Index (HPI) Benchmark Price is the HPI translated into a real-world price number.
Strata Insurance: Strata insurance is insurance used by a strata like a condominium to cover damages to common areas and assets and liability to the strata. It can also include fixtures built or installed as part of the original construction of each unit, even though these may not be common structures. The insurance can cover:
- Buildings and structures associated with the strata including common areas such as the roof, parking garages, driveways, gyms, pools, etc.
- Liability for any property damage or bodily injury suffered on strata property
- Any fixtures that are part of the "standard unit" or original construction of each unit
Strata insurance does not usually include personal items and appliances that are part of a condo unit. It also does not cover the damages made by individual unit owners, such as in the case of water damage caused by a unit owner. These are usually covered by personal condo insurance.
Property types
Detached home: A detached home is your standard single-family home. It is a residential building that stands alone and is separately titled or legally a single unit.
Semi-detached home: A semi-detached home is similar to a detached home, except it shares a wall with another home. This pair of homes must make up an independent building and each should be separately titled or legally two separate units. There can only be two homes in a semi-detached building.
Townhouses: A townhouse is the middle between a detached/semi-detached home and a condo apartment. Like detached and semi-detached homes, they are often single-family units that have their own land and may be attached to other units. However, like condo apartments, they typically have to pay co-ownership fees for maintenance and may share some common features with their neighbors.
Condo apartment: This category includes all apartments and condominiums. These are complexes of residential units with common areas such as hallways, parking lots, stairwells, etc. They can be low-rise, mid-rise, or high-rise buildings. Unlike townhouses, there are no parts of the lot (the land of the building) where access is reserved for only one owner or occupant. There can be privately owned units and spaces inside the building.
Plexes are multi-story buildings with two to four individual units, usually one on each floor. They are a mainstay in Montreal and other cities in Quebec. Each unit is usually individually accessible via an external entrance with higher floors connected by staircases.
Property Classes
Freeholds: A freehold is any property where the owner owns both the house and the land it is built on. Common freehold property types include: detached, semi-detached, some townhouses, and farmland.
Condominiums: A condominium or condo is any property where the owner owns the home (or unit) but shares ownership of the land and other improvements with a condominium corporation. Common condominium property types include condo apartments and some townhouses.
Leasehold: Leasehold describes the situation where different entities own the land and the structure built on the land. Owners of the buildings have leased the land and pay rent to their landlord while owning the building on the land.
Housing Markets Across Canada
Data sourced from the RAE and the Canadian Real Estate Association (CREA). Any analysis or commentary is the opinion of the analysts at WOWA.ca and should not be construed as investment advice. Please consult a licensed real estate professional before making a real estate investment decision. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
Disclaimer:
- Any analysis or commentary reflects the opinions of WOWA.ca analysts and should not be considered financial advice. Please consult a licensed professional before making any decisions.
- The calculators and content on this page are for general information only. WOWA does not guarantee the accuracy and is not responsible for any consequences of using the calculator.
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- Interest rates are sourced from financial institutions' websites or provided to us directly. Real estate data is sourced from the Canadian Real Estate Association (CREA) and regional boards' websites and documents.
- The trademarks MLS®, Multiple Listing Service®, and associated logos are owned by CREA and identify services provided by its members.