Edmonton Leads the Nation in Real Estate Activity

While much of Canada is cooling, Edmonton is quietly leading the nation — not through speculation or hype, but through steady growth, affordability, and resilience.

According to RE/MAX Canada’s 2025 Fall Housing Market Update, Edmonton remains one of the country’s brightest real estate markets, defying national slowdowns thanks to affordability and interprovincial migration.

Even though resales are expected to decline about 4% year-over-year by the end of 2025, the market still favours sellers, with demand continuing to outpace supply — especially for well-priced, move-in-ready homes.

RE/MAX projects the average home price will rise about 6% by year’s end, reaching roughly $488,000. That’s a far cry from markets like Vancouver or Toronto, where single-family homes can exceed $1.9 million, making Edmonton one of the few major cities in Canada where homeownership remains within reach.

“Out-of-town buyers are still continuing to play a big role in Edmonton’s sales,” says Don Kottick, President of RE/MAX Canada. “We anticipate that will continue for the balance of the year.”

Affordability Is Edmonton’s Superpower

In a national market defined by high costs and hesitation, Edmonton stands out as Canada’s affordability success story.

With the average detached home at around $570,000, up roughly 4.5% year-over-year, Edmonton offers more value per square foot than almost anywhere else in the country.

That’s attracting buyers from Toronto, Vancouver, and even Calgary, where detached homes average $781,000.

This unique mix of high median incomes, lower cost of living, and steady employment makes Edmonton a magnet for families, first-time buyers, and investors seeking long-term stability.

Trends in the Edmonton Housing Market

The Edmonton housing market continues to evolve as one of Canada’s most balanced and opportunity-rich.

Market Outlook

• Average sale price: expected to rise 6%

• Number of sales: forecast to drop 4%

• Market type: remains a seller’s market, though balance is improving

While out-of-province buyers continue to drive demand, local families and couples are also stepping in with confidence. The city’s strong employment base and ongoing infrastructure development make Edmonton ideal for those seeking something lasting — not just a short-term investment.

Inventory & Buyer Behaviour

The biggest challenge right now? Not enough quality inventory that aligns with what buyers want. There are homes on the market, but many aren’t meeting modern expectations for updates, layout, or value.

At the same time, condos are beginning to sit longer, as a surge of new construction units comes online. Sellers holding firm on unrealistic pricing are finding that buyers are no longer willing to chase the market.

Still, urgency remains among those looking to buy before construction and renovation costs climb again — a lesson many remember from the post-pandemic years.

Iconic Neighbourhoods to Watch

• Gold Bar: A charming, established community with tree-lined streets, great schools, and proximity to the river valley. Buyers are drawn to its sense of stability and mid-century homes ready for modern updates.

• Prince Rupert: Gaining attention for its affordability and central location, with growing interest from buyers seeking character homes close to downtown and NAIT.

• Rundle Heights: Offering a balance between affordability and access to green space, this neighbourhood is ideal for first-time buyers and families who value parks, schools, and a strong community feel.

These central communities continue to attract a diverse mix of residents — from young professionals to retirees — all drawn to Edmonton’s authentic charm and long-term livability.

Edmonton’s Construction Boom: Building the City of Tomorrow

According to the CBC, Edmonton is building more homes than ever before — issuing over 15,000 building permits in 2024, the highest since 2005.

More than 75% of those permits were for communities between 41st Avenue SW and Anthony Henday Drive, including The Orchards, Keswick, and Chappelle.

That surge reflects Edmonton’s population growth of more than 100,000 people in just two years, a testament to its reputation as one of Canada’s most livable and affordable cities.

While much of the new housing is happening at the city’s southern edge, Mayor Amarjeet Sohi emphasizes that half of future growth should occur within established neighbourhoods — areas like Griesbach, which is leading redevelopment efforts with new mid- and high-density projects.

“I’m very proud of what we’ve achieved,” says Sohi. “But the need continues, and we need to build more.”

What It Means for Buyers and Sellers

For Buyers

• Act now while Edmonton remains one of Canada’s most affordable major markets.

• Explore growing communities like Keswick, Orchards, and Griesbach for long-term value.

• Watch interest rates — with the Bank of Canada expected to ease, affordability could improve through early 2026.

For Sellers

• Price strategically. Overpricing can cost valuable time in a market where buyers are data-savvy and discerning.

• Presentation matters. Homes that show well — staged, decluttered, and professionally marketed — continue to command premium offers.

• Timing is opportunity. Fall remains active as buyers aim to close before winter, with fewer listings creating a competitive edge.

Edmonton’s Strength Is Its Balance

While many cities are struggling to correct after years of rapid appreciation, Edmonton’s growth is measured, sustainable, and real.

The city continues to build, attract, and retain — offering buyers and sellers alike the rare opportunity to move confidently in a market that values both stability and opportunity.

For homeowners, investors, and newcomers alike, Edmonton isn’t just a great place to live — it’s a smart place to plant roots.

Work With the ICONIC YEG Team

At Iconic YEG, we don’t just sell homes — we help you build a future.
Whether you’re buying, selling, or investing, our team brings deep market insight, strategic marketing, and a people-first approach to every move.

Let’s make your next step an ICONIC one.

Connect with Caitlin Heine

Buying, selling, or just curious about where you fit in Edmonton’s changing market?
I’m here to help you make confident, informed moves — whether that’s finding your first home, listing your property, or exploring investment opportunities in central Edmonton.

Let’s talk about your next chapter.

Caitlin Heine

REALTOR® & CEO, Iconic YEG Real Estate Team
RE/MAX Real Estate

📍 200-10835 124 Street NW, Edmonton, AB T5M 0H4
📞 587-336-3176
📧 caitlin@iconicyeg.com
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