Edmonton Housing Market Report
- The average price of a home in the Edmonton area increased to $454,801 in February 2026. This price is 1.3% higher than January 2026 and represents a 1.2% yearly increase from February 2025.
- Benchmark Prices declined 2.1% annually to reach $419,600. This is up 1.1% from last month.
- The average price of detached homes increased 2.6% month-over-month (MoM) to $571,372, and remained 0.6% higher year-over-year (YoY).
- Semi-detached home average prices increased 4.5% from the previous month to $441,958, remaining 5.0% higher YoY.
- Townhouse average prices increased 3.8% MoM to $307,526, reflecting a 2.2% increase YoY.
- Apartment average prices decreased 6.0% from last month to $212,133, down 2.4% YoY.
- Among Canada's six largest population centers, Edmonton remains the most affordable.
Edmonton Housing Market Overview
Edmonton Housing Market: Price Movements for February 2026
Benchmark Home Price | $419,600 | +1.1% 1-Month Change | -2.1% 1-Year Change |
Average Home Price | $454,801 | +1.3% 1-Month Change | +1.2% 1-Year Change |
Median Home Price | $432,250 | +0.5% 1-Month Change | -0.6% 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 February 2026, the average home price was $454,801, showing a 1.2% YoY (year-over-year) increase and rising 1.3% MoM (month-over-month). The detached home average price rose 2.6% MoM to $571,372, up 0.6% YoY from February 2025. Semi-detached home average prices increased 4.5% MoM to $441,958, remaining 5.0% higher YoY. The townhouse average price increased 3.8% MoM to $307,526, up 2.2% YoY. Apartment average prices fell 6.0% MoM to $212,133, down 2.4% YoY.
The Edmonton area Benchmark Price of $419,600 increased 1.1% from last month and is 2.1% lower than February 2025. Examining home categories in the Greater Edmonton Area, the Benchmark Price of single-family detached homes was $513,700 for February 2026, representing a 0.6% annual decrease and a 1.0% monthly increase. The benchmark townhouse price decreased 0.1% MoM to $271,700, representing a 4.5% yearly decrease. The Benchmark Price for apartments was $198,900 for February 2026, a 3.8% decrease YoY and a 0.8% monthly increase.
The median residential sale price in February 2026 was $432,250, a 0.6% decrease from the same month last year and a 0.5% increase from January. Examining the median sold prices for home categories in the Edmonton area, single-family detached homes had a median sale price of $517,500 for February 2026, representing a 2.4% annual decrease and a 0.6% monthly increase. The median semi-detached sold price of $431,650 represents a 1.5% yearly increase and a 2.8% monthly increase. The median townhouse sold price of $318,400 represents a 9.4% monthly increase and a 4.4% annual increase. Condo apartments sold at a median price of $191,200 for February 2026, a 3.7% decrease from February 2025 and a 4.4% monthly decrease.
Sales Numbers and State of the Edmonton Market
In February 2026, 1,606 residential homes, including 887 detached dwellings, 208 semi-detached houses, 267 apartments, and 244 townhouses, changed hands in the Greater Edmonton area. This represents a 40% increase from January and a 12.0% decrease from February 2025. There were 3,020 new residential listings, marking a 20% increase in new listings month-over-month and a 16% increase year-over-year. Inventory at month-end rose to 5,462 units, up 11.4% from the previous month and 35% higher compared to February 2025.
The Edmonton area's residential sales-to-new-listings ratio (SNLR) is 53%, up from 46% in January 2026, reflecting the seasonal pickup in buyer activity that typically accompanies the approach of spring. The sales-to-inventory ratio is 29%, compared with 23% in January 2026, while the months of supply are 3.4. These figures suggest the Edmonton area remains in balanced market territory, with conditions tightening meaningfully from January.
It took an average of 45 days (compared with 59 last month) for residential properties to sell in Greater Edmonton. For detached homes, the average days on market was 43, while for apartment condos, it was 54. For townhouses, this metric was 45 days, and for semi-detached, it was 41 days.
Edmonton Housing vs. Inflation and Other Housing Markets
Edmonton remains an affordable housing market compared to other large Canadian cities. As of January of 2026, over the past 20 years, benchmark Edmonton house prices have increased by 120%, compared with a CPI inflation of 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 54% for the Toronto housing market, 105% for the Montreal housing market, 33% for the Calgary housing market, 76% for the Ottawa housing market and 25% 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 February 2026
Average Sold Price and MLS HPI Benchmark Price for GEA
Total Transactions in GEA
Market Overview for Detached Homes in February 2026
Average Sold Price
Transactions
Market Overview for Semi-Detached Homes in February 2026
Average Sold Price
Transactions
Market Overview for Townhouses in February 2026
Average Sold Price
Transactions
Market Overview for Condo Apartments in February 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.