Edmonton Housing Market Report
- The average price of a home in the Edmonton area decreased to $448,761 in January 2026. This price is 1.4% lower than December 2025 and represents a 2.4% yearly increase from January 2025.
- Benchmark Prices declined 1.0% annually to reach $415,000. This is down 0.1% from last month.
- The average price of detached homes decreased 1.7% month-over-month (MoM) to $556,752, and remained 0.8% lower year-over-year (YoY).
- Semi-detached home average prices increased 0.2% from the previous month to $422,964, remaining 0.5% higher YoY.
- Townhouse average prices decreased 0.3% MoM to $296,227, reflecting a 5.0% decrease YoY.
- Apartment average prices increased 17% from last month to $225,671, up 11.4% YoY.
- Among Canada's six largest population centers, Edmonton remains the most affordable.
Edmonton Housing Market Overview
Edmonton Housing Market: Price Movements for January 2026
Benchmark Home Price | $415,000 | -0.1% 1-Month Change | -1.0% 1-Year Change |
Average Home Price | $448,761 | -1.4% 1-Month Change | +2.4% 1-Year Change |
Median Home Price | $430,000 | -0.6% 1-Month Change | +2.9% 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 January 2026, the average home price was $448,761, showing a 2.4% YoY (year-over-year) increase but declining 1.4% MoM (month-over-month). The detached home average price fell 1.7% MoM to $556,752, down 0.8% YoY from January 2025. Semi-detached home average prices increased 0.2% MoM to $422,964, remaining 0.5% higher YoY. The townhouse average price decreased 0.3% MoM to $296,227, down 5.0% YoY. Apartment average prices increased 17% MoM to $225,671, showing an 11.4% YoY increase.
The Edmonton area Benchmark Price of $415,000 decreased 0.1% from last month and is 1.0% lower than January 2025. Examining home categories in the Greater Edmonton Area, the Benchmark Price of single-family detached homes was $508,100 for January 2026, representing a 0.5% annual increase and a 0.1% monthly decrease. The benchmark townhouse price increased 0.1% MoM to $268,500, representing a 2.1% yearly decrease. The Benchmark Price for apartments was $197,200 for January 2026, a 0.7% decrease YoY and a 0.4% monthly increase.
The median residential sale price in January 2026 was $430,000, a 2.9% increase from the same month last year and a 0.6% decrease from December. Examining the median sold prices for home categories in the Edmonton area, single-family detached homes had a median sale price of $514,500 for January 2026, representing a 0.1% annual decrease and a 0.1% monthly decrease. The median semi-detached sold price of $420,000 represents a zero percent yearly change and a zero percent monthly change. The median townhouse sold price of $291,000 represents a 1.4% monthly decline and a 9.1% annual decrease. Condo apartments sold at a median price of $200,000 for January 2026, a 9.9% increase from January 2025 and a 14.8% monthly increase.
Sale Numbers and State of the Edmonton Market
In January 2026, 1,151 residential homes, including 654 detached dwellings, 145 semi-detached houses, 187 apartments, and 165 townhouses, changed hands in the Greater Edmonton area. This represents a 12.5% decrease from December and a 28% decrease from January 2025. There were 2,518 new residential listings, marking an 84% increase in new listings month-over-month and a 4.7% increase year-over-year. Inventory at month-end rose to 4,901 units, up 8.5% from the previous month and 33% higher compared to January 2025.
The Edmonton area's residential sales-to-new-listings ratio (SNLR) is 46%, compared with 95% in December 2025, which reflects typical seasonal market dynamics as January sees a surge of new listings after the holiday period. The sales-to-inventory ratio is 23%, compared with 29% in December 2025, while the months of supply are 4.3. These figures suggest the Edmonton area remains in balanced market territory, though inventory levels have increased significantly to start 2026.
It took an average of 59 days (compared with 49 last month) for residential properties to sell in Greater Edmonton. For detached homes, the average days on market was 54, while for apartment condos, it was 71. For townhouses, this metric was 68 days, and for semi-detached, it was 52 days.
Edmonton Housing vs. Inflation and Other Housing Markets
Edmonton remains an affordable housing market compared to other large Canadian cities. As of the end of 2025, over the past 20 years, benchmark Edmonton house prices have increased by 126%, compared with a CPI inflation 53%. Meanwhile, the population of Edmonton and its surroundings grew from 1,043,040 to 1,692,390 (62%).
Looking at the more recent history, the ten-year price growth of homes in Edmonton, 19%, has been very modest compared to other major Canadian cities, most notably 58% for the Toronto’s housing market, 106% for Montreal housing market, 32% for the Calgary housing market, 81% for the Ottawa housing market and 31% for the Vancouver 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.
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 January 2026
Average Sold Price and MLS HPI Benchmark Price for GEA
Total Transactions in GEA
Market Overview for Detached Homes in January 2026
Average Sold Price
Transactions
Market Overview for Semi-Detached Homes in January 2026
Average Sold Price
Transactions
Market Overview for Townhouses in January 2026
Average Sold Price
Transactions
Market Overview for Condo Apartments in January 2026
Average Sold Price
Transactions
Glossary and Definitions
MLS® Home Price Index (HPI): Developed by the Canadian Real Estate Association (CREA), the MLS® HPI is the most advanced tool for tracking price trends in the Canadian housing market. Rather than using simple average prices, which can be skewed by the mix of homes sold in a given month, the HPI tracks the value of a "Benchmark Home"—a property with typical attributes for its specific neighborhood. This allows for an accurate "apples-to-apples" comparison of home values across different regions and time periods, independent of a property's specific features or seasonal volatility. To ensure the index remains relevant, CREA performs an annual review every May to account for evolving market dynamics.
MLS® HPI Benchmark Price: This is the dollar value assigned to a "typical" home in a specific neighborhood. While the HPI itself is an index number used to track trends, the Benchmark Price translates that data into a real-world dollar figure, representing what a standard home with average features (like square footage, rooms, and lot size) would likely sell for in today's market.
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:
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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.