Edmonton Housing Market Outlook 2025
Table of contents
Edmonton Market Report Summary
- The average selling price of a home in Edmonton increased by 11.0% year-over-year to $431,100 in April 2025.
- The average selling price of a single-family home in Edmonton increased by 12.4% year-over-year to $501,700 in April 2025.
- The average selling price of a townhouse/multiplex in Edmonton increased by 17.9% year-over-year to $303,200 in April 2025.
- The average selling price of a condo in Edmonton increased by 14.7% year-over-year to $218,300 in April 2025.
- The average rent in Edmonton unchanged by 0.0% year-over-year to $1,519 for April 2025.
- May 28, 2025: Today’s lowest mortgage rate in Edmonton is
3.94% for a 5-year fixed.
Composite Home Prices
The average selling price of a home in Edmonton was $431,100 for the month of April 2025, that’s unchanged by 0.0% compared to the previous month. On a year-over-year basis, Edmonton home prices have increased 11.0% over the last 12 months.
Single-family Home Prices
The average selling price of a single-family home in Edmonton was $501,700 for the month of April 2025, that’s increased by 0.1% compared to the previous month. On a year-over-year basis, single-family home prices in Edmonton have increased by 12.4% over the last 12 months.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Edmonton was $303,200 for the month of April 2025, that’s decreased by 0.3% compared to the previous month. On a year-over-year basis, the price of a townhouse in Edmonton has increased by 17.9% over the last 12 months.
Condo Prices
The average selling price of a condo in Edmonton was $218,300 for the month of April 2025, that’s increased by 1.4% compared to the previous month. On a year-over-year basis, the price of a condo in Edmonton has increased 14.7% 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 April 2025 was $431,100, and it increased of 11.0% compared to a year ago.
REA also reported a sales-to-new-listings ratio (SNLR) of 68%, indicating a sellers market in Edmonton for April 2025.
Edmonton Prices Hit New Highs as Inventory Rises and Market Activity Accelerates
According to the Realtors Association of Edmonton (RAE), April 2025 marked a turning point for the Greater Edmonton Area (GEA) real estate market. A fresh wave of inventory, paired with strong price growth and steady demand, signals a busy spring and summer market ahead. Total residential sales reached 2,710 units, up 9% month-over-month but down 13% from April 2024. Meanwhile, the average home price climbed to a new all-time high of $470,447—up 9.1% year-over-year and 2.1% from March.
Inventory Growth Brings Balance and Opportunity in Edmonton
April’s inventory increase of 12.1% month-over-month (and 0.3% year-over-year) marks the first time in over a year that available supply has kept pace with rising demand. New listings totalled 4,012 units, a 9.8% jump from March and 4.8% higher than April 2024. These gains are helping stabilize the market after a long stretch of double-digit supply declines.
- Sales: 2,710 units (↑ 9.0% MoM, ↓ 13% YoY)
- New listings: 4,012 (↑ 9.8% MoM, ↑ 4.8% YoY)
- Active inventory: ↑ 12.1% MoM, ↑ 0.3% YoY
- Sales-to-new listings ratio: 68% (strong seller’s market)
- Sales-to-inventory ratio: 50% (balanced threshold)
Edmonton Home Prices Reach New Highs Across All Property Types
Edmonton home prices have shown consistent strength, with the average residential price up 16% from the December 2022 trough. Benchmark and median prices also posted significant annual gains, showing that the city’s affordability advantage is narrowing as buyer demand intensifies.
- Average price: $470,447 (↑ 9.1% YoY, ↑ 2.1% MoM)
- Median price: $445,650 (↑ 6.5% YoY, ↑ 0.1% MoM)
- MLS HPI benchmark price: $438,100 (↑ 10.8% YoY, flat MoM)
Edmonton Housing Trends by Property Type
Detached Homes
- Sales: 1,576
- Average Price: $585,707 (↑ 10.4% YoY)
- Median: $535,000 (↑ 8.1% YoY)
- Benchmark: $516,800 (↑ 12% YoY, ↑ 0.1% MoM)
- Days on market: 29
Semi-Detached Homes
- Sales: 307
- Average Price: $434,858 (↑ 6.9% YoY)
- Median: $425,000 (↑ 6.3% YoY)
- Days on market: 27
Townhomes
- Sales: 392
- Average Price: $314,703 (↑ 6.7% YoY)
- Median: $322,000 (↑ 7.7% YoY)
- Benchmark: $303,000 (↑ 18% YoY, ↓ 0.3% MoM)
- Days on market: 26
Apartment Condominiums
- Sales: 435
- Average Price: $218,330 (↑ 8.5% YoY)
- Median: $202,000 (↑ 9.2% YoY)
- Benchmark: $218,300 (↑ 15% YoY, ↑ 1.3% MoM)
- Days on market: 38
With sales-to-new-listings (SLNR) and sales-to-inventory ratios both trending in favour of sellers, Edmonton remains one of Canada’s most active and competitive housing markets this spring. While rising inventory offers more options for buyers, demand remains strong enough to support further price appreciation, especially in detached homes and condo apartment segments. Days on market fell by 6 days compared to April 2024, underscoring the pace of market activity.
Edmonton’s market is gaining momentum with rising listings, record-high prices, and healthy buyer demand. While the pace of appreciation may moderate if supply continues to climb, short-term conditions suggest sustained competition, particularly in affordable and entry-level housing segments.
Month-over-Month Market Expectations for Edmonton
Transactions – Number of Sales
The number of sales in Edmonton was 2,710 during April 2025, that’s increased by 8.7% compared to the previous month. On a year-over-year basis, sales in Edmonton have decreased by 13.4% over the last 12 months.
New Listings
The number of new listings in Edmonton was 4,012 during April 2025, that’s increased by 6.1% compared to the previous month. On a year-over-year basis, new listings in Edmonton have increased by 2.6% over the last 12 months.
Real Estate Market
The sales-to-new-listings ratio (SNLR) in Edmonton was 68% during April 2025, indicating a sellers market. On a monthly basis, that’s increased by 2.4% compared to the previous month. Edmonton’s yearly sales to new listings ratio has decreased by 15.6% 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 $1,519 for the month of April 2025, which unchanged by 0.0% on a year-over-year basis.
The average rent for a bachelor apartment in Edmonton was $0 for the month of April 2025, which 0 by 0% on a year-over-year basis.
The average rent for a 1-bedroom apartment in Edmonton was $1,349 for the month of April 2025, which decreased by 2.0% on a year-over-year basis.
The average rent for a 2-bedroom apartment in Edmonton was $1,684 for the month of April 2025, which unchanged by 0.0% on a year-over-year basis.
The average rent for a 3-bedroom apartment in Edmonton was $1,349 for the month of April 2025, which unchanged by 0.0% on a year-over-year basis.
How Does Renting Compare with Homeownership in Edmonton?
Each $100,000 in mortgage balance costs an average of $533.43 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
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.
Housing Market Glossary and Definitions
MLS® Home Price Index (HPI)
The MLS® Home Price Index (HPI) is a real estate price index compiled by the Canadian Real Estate Association (CREA) that tracks the price of homes in your neighbourhood. It’s a quick way for Canadians to compare home prices in different parts of Canada and between different periods without having to factor in the unique characteristics of a particular property.
While market prices can vary from one month to the next based on seasonal factors, the Home Price Index (HPI) provides a more consistent view and tracks price trends over an extended period. The Home Price Index (HPI) is updated annually in May to reflect changes in real estate markets.
MLS® HPI is the most comprehensive and precise way to track a neighbourhood’s home price level and trends. MLS HPI uses over 15 years of data from the MLS® System and advanced statistical models to create a “typical” home based on the characteristics of homes purchased and sold. This benchmark home is tracked across all Canadian neighbourhoods and various types of homes.
Strata insurance
Strata insurance is insurance that a strata or condominium uses to cover damages to common areas, assets and liabilities 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. Strata insurance can cover the following:
- Buildings and structures on the strata’s property, including common areas such as the garage, roof, lobby, pool, etc.,
- Liabilities for any property damage or bodily harm due to an injury suffered on a strata property,
- Which also includes fixtures in the standard unit or part of the original make of each unit.
Strata insurance generally does not cover personal belongings and appliances in a condo unit. Damage caused by individual unit owners (e.g., water damage due to a unit owner’s negligence) is typically covered under personal condo insurance.
Property Types
Detached homes, also known as single-family homes, are residential properties that stand alone and are not connected to other buildings. They are legal single residential units on their own parcel of land and have a separate title.
Semi-detached homes are characterized by their unique architectural design. Two houses are built side by side and share a common wall. Although sharing a building, semi-detached homes have their own parcel of land and separate legal titles.
Townhouses are residential dwellings typically characterized by narrow, tall structures, often sharing walls with neighbouring units. Although they may share yards or common elements with their neighbours, townhouses will have separate legal titles from any adjoining building. Townhouses can be purchased as freehold or leasehold within a condo or strata and may come with their own land parcel. Townhouses can be part of a low-rise or high-rise building.
Condo apartments, also known as condominiums, are residential properties that combine elements of apartments and individual homes. It is a unit within a larger building or complex owned by an individual who also shares ownership of common areas and amenities with other residents. Condo apartment owners have legal ownership of their units and can modify them within the guidelines set by the condominium association. Unlike a townhouse, condos do not offer exclusive use of outdoor space unless they come with a balcony or terrace. Condos can be part of a low-rise or high-rise building.
Plexes or multiplexes are unique residential buildings constructed into 2 to 6 units within a single structure. Traditionally, they have been designed as low-rise residential buildings where any unit is accessible via an external entrance with higher floors connected by staircases. Each unit will have a separate registration and title but may share common elements and co-ownership fees with the other multiplex owners. Plexes are common in Québec and older parts of Toronto.
Property Ownership Classes
A freehold is a type of property ownership where an individual or entity has complete and indefinite ownership rights over a property and its parcel of land. Common freehold property types include detached houses, semi-detached houses, farms, and townhouses not part of condominium corporations.
A condominium or condo is a distinct type of property class that combines apartment living and individual homeownership elements. In a condominium, individual units are owned by the residents, while the common areas and amenities are shared among all the unit owners. This type of ownership gives you rights to your specific unit and some rights and responsibilities to the common areas, such as the hallways, elevators, garage, pool and rooftop patios.
A leasehold is a legal arrangement where a person or entity holds the right to use and occupy a property for a specific period, typically through a lease agreement. In some cases, the leaseholder may own the building or unit and rent the land from the landowner (landlord).
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