Edmonton Housing Market Outlook 2026
Edmonton Tilts Toward Buyers as Condo Sales Slide 21%
According to the Realtors Association of Edmonton (RAE), in July 2026, 2,535 homes were sold in the Greater Edmonton Area, a decline of 11% from July 2025 and 7.6% from June. Inventory kept building even as new listings held roughly flat, and the region is edging toward a buyer’s market for the first time in several years.
- The MLS Home Price Index composite benchmark price was $429,100, unchanged from a year ago and down 0.3% from June. The average selling price across all property types was $475,079, up 2.6% year-over-year but down 1.8% from June.
- New listings totalled 4,258, essentially flat compared with July 2025, but month-end inventory climbed to 8,135 units, up 17.9% annually. Months of inventory stretched to 3.21, up from 2.47 a year ago, and homes took a cumulative 57 days to sell on average, up from 45.
- Apartment condominium sales fell 21.3% year-over-year, the steepest decline among property types, while detached and attached benchmarks moved only modestly.
RAE board chair Darlene Reid pointed to decreased sales despite ample inventory, softening prices, and longer days on market as clear signs that demand is subsiding after a strong spring. The slowdown is concentrated in the condominium segment: with 21.3% fewer condo sales and inventory building faster than in the detached market, buyers shopping for an apartment currently have meaningfully more leverage than those shopping for a single-family home. Well-priced listings across all segments are still selling quickly, while overpriced ones are increasingly sitting.
More time and more choice mean less pressure to move quickly, especially in the condo segment. Compare current mortgage rates in Edmonton and speak with our nesto mortgage experts about what your budget can secure right now.
Best Mortgage Rates
Edmonton Housing Market Highlights
- The average selling price of a home in Edmonton increased by 2.1% year-over-year to $423,900 in June.
- The average selling price of a single-family home in Edmonton increased by 0.5% year-over-year to $510,900 in June.
- The average selling price of a townhouse/multiplex in Edmonton decreased by 5.6% year-over-year to $276,000 in June.
- The average selling price of a condo in Edmonton decreased by 10.3% year-over-year to $202,000 in June.
- The average rent in Edmonton decreased by 3% year-over-year to $1,617 for June.
- August 21, 2026: Today’s lowest mortgage rate in Edmonton is 4.24% for a 5-year fixed.
Data from the Realtors Association of Edmonton (RAE) indicates that the average price of resale residential homes sold across Edmonton in June was $423,900, and it increased by 2.1% compared to a year ago.
RAE also reported a sales-to-new-listings ratio (SNLR) of 60%, indicating Balanced market conditions in Edmonton for June.
Average Home Prices in Edmonton by Property Type
Composite Home Prices
The average selling price of a home in Edmonton was $423,900 for the month of June, that’s decreased by 0.3% month-over-month. On a year-over-year basis, Edmonton home prices have increased 2.1% year-over-year.
Single-family Home Prices
The average selling price of a single-family home in Edmonton was $510,900 for the month of June, that’s decreased by 0.4% month-over-month. On a year-over-year basis, single-family home prices in Edmonton have increased by 0.5% year-over-year.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Edmonton was $276,000 for the month of June, that’s decreased by 0.3% month-over-month. On a year-over-year basis, the price of a townhouse in Edmonton has decreased by 5.6% year-over-year.
Condo Prices
The average selling price of a condo in Edmonton was $202,000 for the month of June, that’s decreased by 0% month-over-month. On a year-over-year basis, the price of a condo in Edmonton has decreased 10.3% year-over-year.
Edmonton Home Sales, New Listings and Market Conditions
Transactions and Number of Sales
The number of sales in Edmonton was 2,535 during June, that’s decreased by 7.7% month-over-month. On a year-over-year basis, sales in Edmonton have decreased by 11.4% year-over-year.
New Listings
The number of new listings in Edmonton was 4,258 during June, that’s decreased by 4.8% month-over-month. On a year-over-year basis, new listings in Edmonton have decreased by 2.9% year-over-year.
Sales-to-New-Listings Ratio (SNLR)
The sales-to-new-listings ratio (SNLR) in Edmonton was 60% during June, indicating a Balanced. On a monthly basis, that’s decreased by 3% month-over-month. Edmonton’s yearly sales-to-new-listings ratio has decreased by 8.7% year-over-year.
The sales-to-new-listings ratio (SNLR) measures the number of home sales compared to new listings. An SNLR below 40% indicates a buyer’s market, where buyers hold the upper hand and greater negotiating power. An SNLR between 40% and 60% is a balanced market, while an SNLR of over 60% is considered a seller’s market.
Annual Changes to Composite Home Prices in Edmonton
Red hot rates impacting your housing market experience?
With nesto, you can get a low rate with a 150-day hold.
Edmonton Market Rents Snapshot
The average rent in Edmonton was $1,617 for the month of June, which decreased by 3% year-over-year.
The average rent for a 1-bedroom apartment in Edmonton was $1,282 for the month of June, which decreased by 3.4% year-over-year.
The average rent for a 2-bedroom apartment in Edmonton was $1,638 for the month of June, which decreased by 3.5% year-over-year.
Average Rent by City in Canada
| Rank | City | Total Average | 1 Bedroom | 2 Bedrooms |
|---|---|---|---|---|
| 1 | North Vancouver | $3,039 | $2,588 | $3,458 |
| 2 | Vancouver | $2,686 | $2,377 | $3,255 |
| 3 | Toronto | $2,580 | $2,234 | $2,947 |
| 4 | North York | $2,565 | $2,188 | $2,743 |
| 5 | Burnaby | $2,543 | $2,159 | $2,802 |
| 6 | Coquitlam | $2,526 | $2,134 | $2,753 |
| 7 | Oakville | $2,517 | $2,198 | $2,819 |
| 8 | Kanata | $2,514 | $2,230 | $2,751 |
| 9 | Etobicoke | $2,439 | $2,094 | $2,624 |
| 10 | Halifax | $2,372 | $2,071 | $2,616 |
| 11 | Burlington | $2,370 | $2,075 | $2,448 |
| 12 | Mississauga | $2,357 | $2,052 | $2,445 |
| 13 | Vaughan | $2,319 | $2,048 | $2,580 |
| 14 | Victoria | $2,307 | $2,016 | $2,682 |
| 15 | Brampton | $2,285 | $2,001 | $2,379 |
| 16 | Langley | $2,239 | $1,899 | $2,457 |
| 17 | Ajax | $2,234 | $1,878 | $2,218 |
| 18 | Guelph | $2,217 | $1,905 | $2,280 |
| 19 | Scarborough | $2,213 | $1,872 | $2,288 |
| 20 | New Westminster | $2,190 | $1,880 | $2,656 |
| 21 | Surrey | $2,167 | $1,794 | $2,239 |
| 22 | Ottawa | $2,164 | $1,960 | $2,449 |
| 23 | Barrie | $2,155 | $1,863 | $2,108 |
| 24 | Waterloo | $2,118 | $1,915 | $2,234 |
| 25 | Kingston | $2,100 | $1,827 | $2,271 |
| 26 | Laval | $2,096 | $1,732 | $2,356 |
| 27 | Nanaimo | $2,092 | $1,835 | $2,290 |
| 28 | Kelowna | $2,091 | $1,808 | $2,248 |
| 29 | East York | $2,050 | $1,791 | $2,312 |
| 30 | Cambridge | $2,042 | $1,847 | $2,139 |
| 31 | Greater Sudbury | $2,021 | $1,708 | $2,072 |
| 32 | Oshawa | $2,002 | $1,740 | $2,017 |
| 33 | Airdrie | $1,987 | $1,441 | $1,804 |
| 34 | Peterborough | $1,977 | $1,742 | $1,957 |
| 35 | Brossard | $1,970 | $1,722 | $2,199 |
| 36 | Kamloops | $1,956 | $1,731 | $2,042 |
| 37 | Montreal | $1,941 | $1,769 | $2,255 |
| 38 | Niagara Falls | $1,940 | $1,600 | $1,980 |
| 39 | Brantford | $1,936 | $1,807 | $2,043 |
| 40 | Hamilton | $1,929 | $1,654 | $2,235 |
| 41 | London | $1,924 | $1,670 | $2,058 |
| 42 | Kitchener | $1,908 | $1,684 | $2,078 |
| 43 | Calgary | $1,883 | $1,513 | $1,847 |
| 44 | St. Catharines | $1,817 | $1,558 | $1,931 |
| 45 | Welland | $1,779 | $1,522 | $1,985 |
| 46 | Gatineau | $1,775 | $1,592 | $1,852 |
| 47 | Côte Saint-Luc | $1,704 | $1,441 | $1,997 |
| 48 | Windsor | $1,685 | $1,492 | $1,921 |
| 49 | Sarnia | $1,680 | $1,495 | $1,728 |
| 50 | Winnipeg | $1,663 | $1,463 | $1,759 |
| 51 | Edmonton | $1,617 | $1,282 | $1,638 |
| 52 | Red Deer | $1,536 | $1,293 | $1,509 |
| 53 | Lethbridge | $1,519 | $1,342 | $1,571 |
| 54 | Quebec City | $1,516 | $1,279 | $1,611 |
| 55 | Saskatoon | $1,514 | $1,310 | $1,537 |
| 56 | Regina | $1,444 | $1,300 | $1,540 |
| 57 | Fort McMurray | $1,412 | $1,221 | $1,426 |
| 58 | Medicine Hat | $1,359 | $1,237 | $1,380 |
| 59 | Lloydminster | $1,348 | $1,072 | $1,386 |
| 60 | St. John's | $1,215 | $1,105 | $1,314 |
Source: Rentals.ca Network Data & Urbanation Inc.
Average Rent by Province in Canada
Rental Price Growth by Housing Type
How Does Renting Compare With Homeownership in Edmonton?
Each $100,000 in mortgage balance costs an average of $530.91 per month on nesto’s lowest fixed 5-year rate at 4.24% and $495.28 per month on nesto’s lowest adjustable 5-year rate at 3.45%.
For each $100,000 in mortgage balance, a 0.25% change in Canada’s policy rate impacts the monthly payment by $13.42. The interest rates used for calculation are those offered on insured purchases with less than a 20% down payment on a 25-year amortization. Canada’s policy rate is 2.25%, and nesto’s prime rate is 4.45%.
We’re curious…
Are you a first-time buyer?
Frequently Asked Questions (FAQ) About the Edmonton Housing Market in 2026
Are Edmonton Housing Market Conditions Favouring Buyers or Sellers in 2026?
Edmonton housing market conditions are shifting toward buyers in 2026 for the first time in several years. Months of inventory stretched to 3.21 in July, up from 2.47 a year earlier, and homes took a cumulative 57 days to sell, up from 45. New listings held roughly flat year over year, while inventory climbed 17.9%, tilting negotiating leverage back toward buyers after a long run of tighter conditions.
Are Edmonton Home Prices Going Up or Down in 2026?
Edmonton home prices are essentially flat in 2026 on a benchmark basis. The MLS Home Price Index composite benchmark was $429,100 in July, unchanged from a year earlier and down 0.3% from June. The average selling price of $475,079 was up 2.6% year over year, a gap between the two measures that reflects more higher-priced detached homes selling relative to condos this month rather than a genuine price increase across the board.
Why Did Edmonton Condo Sales Fall So Much in 2026?
Edmonton condominium sales fell 21.3% year over year in July, the steepest decline of any property type in the city. Rising condo inventory has outpaced demand as buyer interest concentrates more on detached and attached homes, and RAE board chair Darlene Reid pointed to softening prices and longer days on market as signs that demand across the board, but particularly for condos, is subsiding after a strong spring. Buyers shopping specifically for an apartment currently have the most leverage of any segment in the city.
Is Edmonton Still the Most Affordable Major Alberta Market?
Edmonton remains one of the more affordable major markets in Canada in 2026, with a composite benchmark of $429,100, well below Calgary’s $569,200 and far below Toronto’s or Vancouver’s. That affordability has long supported steady end-user demand even as investor and migration-driven demand eases elsewhere in the province. For buyers priced out of Calgary, Edmonton continues to offer more housing for the same budget.
What Is Limiting Edmonton Housing Demand in 2026?
Softening demand across the board, concentrated most heavily in the condominium segment, is the main factor limiting Edmonton housing demand in 2026. Sales fell 11% year over year in July, even as inventory built to levels not seen in several years. Qualification remains a secondary constraint, since the mortgage stress test requires borrowers to qualify at a rate above the one they will actually pay, regardless of how loose the local market becomes.
Are Well-Priced Homes Still Selling Quickly in Edmonton?
Well-priced homes are still selling quickly in Edmonton in 2026, even as the overall market loosens. RAE’s July report specifically noted that well-priced listings continue to move fast while overpriced ones are increasingly stalling, a sign that buyers have become more price-sensitive and are no longer willing to compete for homes listed above market value the way they might have a year or two ago.
Is It Cheaper to Rent or Buy in Edmonton in 2026?
Renting is generally cheaper month-to-month than buying in Edmonton in 2026, though Edmonton’s low benchmark price of $429,100 keeps that gap narrower than in most other major Canadian markets. With inventory building and the market tilting toward buyers, especially in the condo segment, ownership costs relative to renting may continue to compare more favourably here than in tighter markets. Which option costs less over time depends on how long it takes to save the down payment, how long you plan to stay, and the mortgage rate you qualify for.
Why Choose nesto
At nesto, our commission-free mortgage experts, certified in multiple provinces, provide exceptional advice and service that exceeds industry standards. Our mortgage experts are salaried employees who provide impartial guidance on mortgage options tailored to your needs and are evaluated based on client satisfaction and the quality of their advice. nesto aims to transform the mortgage industry by providing honest advice and competitive rates through a 100% digital, transparent, and seamless process.
nesto is on a mission to offer a positive, empowering and transparent property financing experience – simplified from start to finish.
Contact our licensed and knowledgeable mortgage experts to find your best mortgage rate in Canada.
Let’s get started!
About the contributors
