Edmonton Housing Market Report
- The average price of a home in the Edmonton area increased to $454,981 in December 2025. This price is 1.8% higher than November 2025 and represents a 4.5% yearly increase from December 2024.
- Benchmark Prices grew 2.8% annually to reach $415,300. This is essentially unchanged from last month.
- The average price of detached homes increased 2.3% month-over-month (MoM) to $566,552, but remained 4.9% higher year-over-year (YoY).
- Semi-detached home average prices decreased 0.4% from the previous month to $422,078, remaining 3.2% higher YoY.
- Townhouse average prices increased 2.6% MoM to $297,124, reflecting a 1.5% increase YoY.
- Apartment average prices decreased 5.7% from last month to $193,577, down 5.1% YoY.
- Among Canada's six largest population centers, Edmonton remains the most affordable.
- January 16, 2026 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 December 2025
Benchmark Home Price | $415,300 | +0.0% 1-Month Change | +2.8% 1-Year Change |
Average Home Price | $454,981 | +1.8% 1-Month Change | +4.5% 1-Year Change |
Median Home Price | $432,403 | +1.3% 1-Month Change | +2.6% 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 December 2025, the average home price was $454,981, showing a 4.5% YoY (year-over-year) increase and rising 1.8% MoM (month-over-month). The detached home average price rose 2.3% MoM to $566,552, up 4.9% YoY from December 2024. Semi-detached home average prices decreased 0.4% MoM to $422,078, remaining 3.2% higher YoY. The townhouse average price increased 2.6% MoM to $297,124, up 1.5% YoY. Apartment average prices decreased 5.7% MoM to $193,577, showing a 5.1% YoY decrease.
The Edmonton area Benchmark Price of $415,300 is essentially unchanged from last month and 2.8% higher than December 2024. Examining home categories in the Greater Edmonton Area, the Benchmark Price of single-family detached homes was $508,500 for December 2025, representing a 6.9% annual increase and a 0.1% monthly increase. The benchmark townhouse price decreased 1.5% MoM to $268,200, representing a 0.1% yearly decrease. The Benchmark Price for apartments was $196,500 for December 2025, a 1.0% increase YoY and a 0.1% monthly decrease.
The median residential sale price in December 2025 was $432,403, a 2.6% increase from the same month last year and a 1.3% increase from November. Examining the median sold prices for home categories in the Edmonton area, single-family detached homes had a median sale price of $514,900 for December 2025, representing a 3.5% annual increase and a 1.0% monthly increase. The median semi-detached sold price of $420,000 represents a 2.3% yearly increase and a 1.2% monthly decline. The median townhouse sold price of $295,000 represents a 4.4% monthly increase and a 1.1% annual increase. Condo apartments sold at a median price of $174,150 for December 2025, a 9.3% decline from December 2024 and a 7.8% monthly decline.
Sale Numbers and State of the Edmonton Market
In December 2025, 1,315 residential homes, including 781 detached dwellings, 143 semi-detached houses, 200 apartments, and 191 townhouses, changed hands in the Greater Edmonton area. This represents a 20% decrease from November and a 7.9% decrease from December 2024. There were 1,389 new residential listings, marking a 37% decrease in new listings month-over-month but a 3.9% increase year-over-year. Inventory at month-end declined to 4,517 units, down 24% from the previous month and 29% higher compared to December 2024.
The Edmonton area's residential sales-to-new-listings ratio (SNLR) is 95%, compared with 73% in November 2025, which reflects typical year-end market dynamics. The sales-to-inventory ratio is 29%, compared with 28% in November 2025, while the months of supply are 3.4. These figures suggest the Edmonton area remains in balanced market territory, showing typical seasonal cooling patterns at year-end.
It took an average of 49 days (compared with 45 last month) for residential properties to sell in Greater Edmonton. For detached homes, the average days on market was 50, while for apartment condos, it was 53. For townhouses, this metric was 46 days, and for semi-detached, it was 43 days.
Edmonton Housing vs. Inflation and Other Housing Markets
Edmonton remains an affordable housing market compared to other large Canadian cities. Over the past 20 years, benchmark Edmonton house prices have increased by 127%, compared with a CPI inflation of 54%. Meanwhile, the population of Edmonton and its surroundings grew from 1,018,100 to 1,631,600 (60%).
Looking at the more recent history, the ten-year price growth of homes in Edmonton, 17%, has been very modest compared to other major Canadian cities, most notably 58% for the Toronto’s housing market, 104% for Montreal housing market, 32% for the Calgary housing market, 83% for the Ottawa housing market and 34% 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.
📊 Edmonton Housing Market Expectation: Ending 2025 on Stable Ground
The Edmonton housing market closed 2025 showing resilience and stability after transitioning from the high-growth period of 2023-2024. December's performance demonstrated the market's underlying strength, with detached homes and townhouses posting price gains despite typical seasonal slowdowns. The region's extreme affordability advantage and population growth continue to provide a strong foundation heading into 2026, though increased inventory levels and external trade policy risks present ongoing challenges.
1. Core Market Outlook (2026-2027)
| Metric | Short-Term Expectation (Q1 2026) | Long-Term Expectation (2026+) |
|---|---|---|
| Price Growth | Seasonal Moderation (Typical winter slowdown, though December showed strength in detached/townhouse segments). | Solid Appreciation (Forecasts suggest a rebound). |
| Inventory | Normalizing Supply (Inventory declined significantly MoM but remains elevated YoY, creating balanced conditions). | Supply Remains Key Barrier (New construction slowing in condo segment; detached inventory still relatively low). |
| Sales Activity | Seasonal Patterns (December saw typical year-end decline, with spring rebound expected). | Rebound Expected (Demographic drivers support sustained demand). |
2. Strong Demographic & Economic Drivers
Edmonton's fundamental strength will underpin long-term gains:
- 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 3 years are now entering the market, driving sustained demand for first-time purchases.
- 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)
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, 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 sustain momentum in 2026.
In Conclusion: Edmonton closed 2025 demonstrating market stability and resilience. December's strong performance in detached homes and townhouses, despite seasonal headwinds, highlights the continued demand for single-family properties. The affordability and demographics are powerful upsides, but the elevated inventory levels suggest a well-balanced market. The key to sustaining long-term, healthy price growth hinges on the market successfully absorbing the existing 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 December 2025
Average Sold Price and MLS HPI Benchmark Price for GEA
Total Transactions in GEA
Market Overview for Detached Homes in December 2025
Average Sold Price
Transactions
Market Overview for Semi-Detached Homes in December 2025
Average Sold Price
Transactions
Market Overview for Townhouses in December 2025
Average Sold Price
Transactions
Market Overview for Condo Apartments in December 2025
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:
- 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.