Edmonton Housing Market Outlook 2025
Table of contents
Edmonton Market Report Summary
- The average selling price of a home in Edmonton increased by 8% year-over-year to $433,100 in June 2025.
- The average selling price of a single-family home in Edmonton increased by 9.3% year-over-year to $505,300 in June 2025.
- The average selling price of a townhouse/multiplex in Edmonton increased by 12.2% year-over-year to $301,000 in June 2025.
- The average selling price of a condo in Edmonton increased by 13.4% year-over-year to $224,800 in June 2025.
- The average rent in Edmonton increased by 1% year-over-year to $1,573 for June 2025.
- August 2, 2025: Today’s lowest mortgage rate in Edmonton is
for a 5-year fixed.
Composite Home Prices
The average selling price of a home in Edmonton was $433,100 for the month of June 2025, that’s increased by 0.2% compared to the previous month. On a year-over-year basis, Edmonton home prices have increased 8% over the last 12 months.
Single-family Home Prices
The average selling price of a single-family home in Edmonton was $505,300 for the month of June 2025, that’s increased by 0.4% compared to the previous month. On a year-over-year basis, single-family home prices in Edmonton have increased by 9.3% over the last 12 months.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Edmonton was $301,000 for the month of June 2025, that’s decreased by 0.7% compared to the previous month. On a year-over-year basis, the price of a townhouse in Edmonton has increased by 12.2% over the last 12 months.
Condo Prices
The average selling price of a condo in Edmonton was $224,800 for the month of June 2025, that’s increased by 1.1% compared to the previous month. On a year-over-year basis, the price of a condo in Edmonton has increased 13.4% over the last 12 months.
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Edmonton Housing Market Summary
Data from the Realtors Association of Edmonton (REA) indicates that the average price of resale residential homes sold across Edmonton in June 2025 was $433,100, and it increased of 8% compared to a year ago.
REA also reported a sales-to-new-listings ratio (SNLR) of 68%, indicating a Sellers in Edmonton for June 2025.
Edmonton Offers Home Buyers Balanced Conditions
According to the Realtors Association of Edmonton (RAE) for June 2025, real estate activity in the Greater Edmonton Area remained steady overall. A total of 2,877 homes were sold, with 4,215 new listings added to the MLS System. While both sales and new listings decreased slightly compared to May, the year-over-year trends remained positive, reflecting the market’s ongoing resilience.
- Average home price: $464,955 (up 5.9% year-over-year, up 0.1% from May)
- MLS HPI benchmark price: $439,700 (up 7.7% year-over-year)
- Sales volume: 2,877 units (up 1.2% from June 2024)
- New listings: 4,215 units (up 15.8% from June 2024)
- Inventory: 6,768 units (up 3.8% month-over-month)
Home Price Trends
Home prices continued to edge higher across most property categories. The MLS HPI composite benchmark price for Edmonton rose to $439,700, supported by sustained demand for detached homes and limited overall market softening. The average selling price across all residential types also increased, with detached and row homes leading year-over-year growth.
While June’s gains suggest confidence in the market, some early signs of cooling are emerging. The time on market increased slightly for several categories, and attached housing segments, such as row and semi-detached homes, saw a more mixed performance.
Market Demand and Inventory Levels
Detached properties are still the preferred choice for buyers, but supply is improving across all categories. Conditions are shifting toward balance, particularly for attached homes, as increased listings provide more choice and opportunities for negotiation on price and closing conditions. June saw a slight slowdown in month-over-month activity. Still, active listings are up significantly compared to the same period last year, providing buyers with more options as they head into the summer.
- Detached homes: Demand stayed strong, with prices 6.4% higher year-over-year
- Semi-detached: Supply increased by over 26% year-over-year, as prices remain stable
- Row homes: Inventory growth led to more extended time on market, but prices remain 6.8% higher than last year
- Apartments: Listings up 10.4% year-over-year, prices relatively flat
Detached and Semi-Detached Segments
Detached home sales rose 2.6% compared to June 2024, with average prices up 6.4%. While new listings eased slightly month-over-month, they remain 16.3% higher than last year, which is helping to moderate previously tight conditions. The average time on market rose by two days, indicating some early signs of easing.
Semi-detached home sales increased 5.6% from May but were down 9.3% compared to the same period last year. A significant rise in listings (up 26.5% year-over-year) brought some balance to the segment. Price growth remained modest at 4.1% year-over-year, and the category is exhibiting more even supply-demand dynamics as we enter the second half of the year.
Row/Townhome and Apartment/Condos Segments
Row and townhomes saw 415 units sold in June, which was 13.7% lower than in May but still 2.5% above last year. The average price rose to $309,811, a nearly 7% increase year-over-year. However, row and townhomes took an average of three days longer to sell compared to the previous month, a sign that rising inventory is giving buyers more time to make decisions.
Apartment and condo prices and sales remained steady. With 382 units sold, activity was down 1.9% month-over-month but up 2.9% from last year. Prices increased slightly by 0.3% from May and 1.4% year-over-year. Although new listings declined compared to May, they remained 10.4% higher than a year ago, indicating healthy inventory levels.
Mortgage Strategy for Edmonton Borrowers
As the Edmonton market becomes more balanced, buyers are gaining options without significant price pressure, at least for now. The rise in inventory, especially for attached homes, could lead to more favourable conditions for well-qualified buyers if borrowing costs begin to ease.
Homebuyers may benefit from improved affordability in segments like row/town and semi-detached homes, where supply is growing faster than demand. Renewers should prepare for elevated rates to persist through the summer, with flat prices helping ease appraisal-related concerns. Refinancers may view stable property values as a means to unlock equity. If inflation cools further and more markets follow Edmonton’s balanced trajectory, it could reinforce the case for one more expected Bank of Canada rate cut before the end of the year.
Month-over-Month Market Expectations for Edmonton
Transactions – Number of Sales
The number of sales in Edmonton was 2,877 during June 2025, that’s decreased by 3% compared to the previous month. On a year-over-year basis, sales in Edmonton have increased by 1.1% over the last 12 months.
New Listings
The number of new listings in Edmonton was 4,215 during June 2025, that’s decreased by 14.3% compared to the previous month. On a year-over-year basis, new listings in Edmonton have increased by 13.6% over the last 12 months.
Real Estate Market
The sales-to-new-listings ratio (SNLR) in Edmonton was 68% during June 2025, indicating a Sellers. On a monthly basis, that’s increased by 13.1% compared to the previous month. Edmonton’s yearly sales to new listings ratio has decreased by 11% over the last 12 months.
The sales-to-new-listings ratio (SNLR) measures the number of home sales compared to new listings. An SNLR under 40% suggests a buyer’s market in which buyers have the upper hand and more 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
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Edmonton Market Rents Summary
The average rent in Edmonton was $1,573 for the month of June 2025, which increased by 1% on a year-over-year basis.
The average rent for a bachelor apartment in Edmonton was $0 for the month of June 2025, which 0 by 0% on a year-over-year basis.
The average rent for a 1-bedroom apartment in Edmonton was $1,370 for the month of June 2025, which decreased by 2% on a year-over-year basis.
The average rent for a 2-bedroom apartment in Edmonton was $1,750 for the month of June 2025, which unchanged by 0% on a year-over-year basis.
The average rent for a 3-bedroom apartment in Edmonton was $1,370 for the month of June 2025, which unchanged by 0% on a year-over-year basis.
How Does Renting Compare with Homeownership in Edmonton?
Each $100,000 in mortgage balance costs an average of $522.77 per month on nesto’s lowest fixed 5-year rate at
Rates used for calculation are those offered on insured purchases with less than a 20% downpayment on a 25-year amortization. Canada’s policy rate is 2.75%, and nesto’s prime rate is set to 4.95%.
Rental Price Changes by City
Rental Price Changes by Province
Rental Price Growth by Housing Type
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Frequently Asked Questions on Edmonton Housing Market Outlook for 2025
Will home prices in Edmonton rise in 2025?
Edmonton’s home prices are expected to see slight increases in 2025. Edmonton remains one of Canada’s most affordable larger housing markets, and steady population growth and declining mortgage rates will drive modest price gains.
Is Edmonton a good place to buy a home in 2025?
Edmonton is an attractive option for buyers seeking affordability and long-term investment opportunities. Its lower home prices than other major cities and new housing developments make it ideal for first-time homebuyers (FTHB) and investors.
How will mortgage rates impact Edmonton’s housing market?
Easing mortgage rates in 2025 will improve affordability in Edmonton, allowing buyers to secure more favourable financing. Combined with stable prices, this creates a good entry point for buyers.
Will housing affordability improve in Edmonton in 2025?
Edmonton remains one of the most affordable cities in Canada. Prices for single-family homes and condos stay well below the national average, attracting buyers looking for value.
What trends will influence Edmonton’s housing market?
Key trends include increasing population growth, demand for single-family homes, and a steady supply of new housing developments, keeping the market balanced.
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