Edmonton Housing Market Outlook 2025
Table of contents
Edmonton Market Report Summary
- The average selling price of a home in Edmonton increased by 5.3% year-over-year to $420,900 in July 2025.
- The average selling price of a single-family home in Edmonton increased by 8.4% year-over-year to $500,700 in July 2025.
- The average selling price of a townhouse/multiplex in Edmonton increased by 7.7% year-over-year to $286,500 in July 2025.
- The average selling price of a condo in Edmonton increased by 3.6% year-over-year to $204,000 in July 2025.
- The average rent in Edmonton decreased by 1% year-over-year to $1,565 for July 2025.
- August 24, 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 $420,900 for the month of July 2025, that’s decreased by 2.8% compared to the previous month. On a year-over-year basis, Edmonton home prices have increased 5.3% over the last 12 months.
Single-family Home Prices
The average selling price of a single-family home in Edmonton was $500,700 for the month of July 2025, that’s decreased by 0.9% compared to the previous month. On a year-over-year basis, single-family home prices in Edmonton have increased by 8.4% over the last 12 months.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Edmonton was $286,500 for the month of July 2025, that’s decreased by 4.8% compared to the previous month. On a year-over-year basis, the price of a townhouse in Edmonton has increased by 7.7% over the last 12 months.
Condo Prices
The average selling price of a condo in Edmonton was $204,000 for the month of July 2025, that’s decreased by 9.3% compared to the previous month. On a year-over-year basis, the price of a condo in Edmonton has increased 3.6% over the last 12 months.
We’re curious…
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 July 2025 was $420,900, and it increased of 5.3% compared to a year ago.
REA also reported a sales-to-new-listings ratio (SNLR) of 65%, indicating a Sellers in Edmonton for July 2025.
Edmonton Inventory Up 22% Outpacing Home Sales
According to the Realtors Association of Edmonton (RAE), the Edmonton real estate market recorded 2,860 sales in July, down 0.5% from June and 2.6% lower than July 2024. New listings climbed to 4,387, an increase of 7.8% month-over-month and 20% compared to last year. With sales lagging behind new listings, total inventory reached 7,083 properties, 4.7% higher than June and 21.8% above July 2024.
The average residential price eased 0.4% from June to $463,078 but remains 5.2% higher than last year. The MLS HPI composite benchmark price slipped 2.7% from June to $427,800, still 5.2% above July 2024.
- Home sales: 2,860 total sales, down 0.5% MoM and 2.6% YoY
- New listings: 4,387, up 7.8% MoM and 20% YoY
- Inventory: 7,083 properties, up 4.7% MoM and 21.8% YoY
- Average price: $463,078, down 0.4% MoM but up 5.2% YoY
- Benchmark price: $427,800, down 2.7% MoM, up 5.2% YoY
How Edmonton Property Segments Performed in July
Detached homes posted an average price of $578,442, up 0.7% from June and 4.8% from last year, with sales nearly flat MoM and YoY. Semi-detached homes averaged $430,813, down 2.1% from June but up 5.8% annually, while sales dipped slightly. Row and townhouse sales saw the sharpest drop, down 4.3% from June and 6.6% from last year, with average prices falling 4.1% MoM to $296,785. Apartment condominiums were the only segment with higher sales MoM, up 3.5%, though still down 4.8% annually, with prices averaging $209,711, down 2.4% from June but 2.6% higher YoY.
Why Edmonton Market Conditions May Favour Buyers Heading into Fall
With new listings outpacing sales and inventory climbing above 7,000 units, buyers have more choice across all property types. Detached homes are showing the most price resilience, but rising supply in other segments is creating opportunities for negotiation. If listing growth continues through the fall, price adjustments could accelerate, particularly in the row and condominium markets.
How This Shift Affects Buyers, Sellers, and Mortgages in Edmonton
For homebuyers, higher inventory means more selection and potential for better deals, especially in property types where prices have recently softened. Renewers in the detached segment are likely to see steady or slightly higher valuations, while refinancers in row or condo markets may encounter tighter appraisals. For the Bank of Canada, Edmonton’s rising supply and mild price declines are another signal that higher interest rates are cooling demand, which could influence future policy moves.
Month-over-Month Market Expectations for Edmonton
Transactions – Number of Sales
The number of sales in Edmonton was 2,860 during July 2025, that’s decreased by 0.6% compared to the previous month. On a year-over-year basis, sales in Edmonton have decreased by 2.8% over the last 12 months.
New Listings
The number of new listings in Edmonton was 4,387 during July 2025, that’s increased by 4.1% compared to the previous month. On a year-over-year basis, new listings in Edmonton have increased by 17.6% over the last 12 months.
Real Estate Market
The sales-to-new-listings ratio (SNLR) in Edmonton was 65% during July 2025, indicating a Sellers. On a monthly basis, that’s decreased by 4.5% compared to the previous month. Edmonton’s yearly sales to new listings ratio has decreased by 17.3% 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
We’re curious…
Edmonton Market Rents Summary
The average rent in Edmonton was $1,565 for the month of July 2025, which decreased by 1% on a year-over-year basis.
The average rent for a bachelor apartment in Edmonton was $0 for the month of July 2025, which 0 by 0% on a year-over-year basis.
The average rent for a 1-bedroom apartment in Edmonton was $1,369 for the month of July 2025, which decreased by 4% on a year-over-year basis.
The average rent for a 2-bedroom apartment in Edmonton was $1,745 for the month of July 2025, which decreased by 1% on a year-over-year basis.
The average rent for a 3-bedroom apartment in Edmonton was $1,369 for the month of July 2025, which decreased by 1% on a year-over-year basis.
How Does Renting Compare with Homeownership in Edmonton?
Each $100,000 in mortgage balance costs an average of $528.19 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
We’re curious…
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.
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 non-commissioned, salaried employees who provide impartial guidance on mortgage options tailored to your needs and are evaluated based on client satisfaction and advice quality. nesto aims to transform the mortgage industry by providing honest advice and competitive rates using a 100% fully digital, transparent, 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.
Ready to get started?
In just a few clicks, you can see our current rates. Then apply for your mortgage online in minutes!
