Edmonton Inventory Builds as Sales Ease and Prices Flatten

According to the Realtors Association of Edmonton (RAE), Edmonton recorded 2,143 sales in August 2026, down 15.4% from July and 9.8% from August 2025. New listings reached 3,769, a 3.3% increase over last year, and inventory closed the month 15.1% higher than a year ago at 8,052 units. Edmonton’s long run of tight conditions has clearly eased.

• The MLS HPI composite benchmark was $426,900, down 0.6% year-over-year and 0.6% month-over-month. The average selling price across all residential types was $469,602, up 1.8% from August 2025 despite a 1.1% dip from July.
• The sales-to-new-listings ratio was 56.9%, and homes took an average of 41 days to sell—four days longer than a year ago.
• By property type, detached homes averaged $575,575, up 1.0% year over year, and semi-detached homes averaged $424,322, up 0.8%. Row and townhomes averaged $298,238, down 1.2%, while apartment condominiums averaged $215,422, down 1.2%, with sales off 18.7%.

Board chair Darlene Reid put the tension plainly, noting that average prices remain steady while inventory keeps building, and that supply is ample, but unless demand keeps up, downward pressure on prices beyond the usual seasonal patterns is likely. That is the signal to watch through the fall: Edmonton’s prices have held while its supply cushion has grown by roughly a sixth in a year.

Edmonton has moved from a sellers’ market to genuinely balanced territory over roughly a year, and it did so through supply rather than price collapse. Compare mortgage rates in Edmonton and reach out to our nesto mortgage experts to find out what you qualify for in a slowing market.

Edmonton Housing Market Highlights

• The average selling price of a home in Edmonton decreased by 0.40% year-over-year to $420,100 in August 2026.
• The average selling price of a single-family home in Edmonton increased by 0.06% year-over-year to $506,700 in August 2026.
• The average selling price of a townhouse/multiplex in Edmonton decreased by 3.11% year-over-year to $270,600 in August 2026.
• The average selling price of a condo in Edmonton decreased by 1.53% year-over-year to $199,100 in August 2026.
• October 2, 2026: Today’s lowest mortgage rate in Edmonton is 4.59% 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 August 2026 was $420,100, and it decreased by 0.40% compared to a year ago.

RAE also reported a sales-to-new-listings ratio (SNLR) of 56.9%, indicating balanced market conditions in Edmonton for August 2026.

Edmonton	Composite Price August 2026	Composite Price July 2026	YoY Change (%)	MoM Change (%)
Single Family Home	$506,700	$510,400	increased by 0.06%	decreased by 0.72%
Townhouse/Multiplex	$270,600	$272,600	decreased by 3.11%	decreased by 0.73%
Condo / Apartments	$199,100	$200,100	decreased by 1.53%	decreased by 0.50%
Composite	$420,100	$422,900	decreased by 0.40%	decreased by 0.66%

Edmonton Home Price Changes Over The Last Decade

Composite Home Prices

Single-Family Home Prices

Townhouse and Multiplex Prices

Condo Prices

Edmonton Housing Market Conditions

---

Edmonton Market Rents Snapshot

The average rent in Edmonton was $1,631 in August 2026 and has decreased by 2.92% year over year.

The average rent for a 1-bedroom apartment in Edmonton was $1,275 for August 2026 and has decreased by 4.99% year over year.

The average rent for a 2-bedroom apartment in Edmonton was $1,646 for August 2026 and has decreased by 3.69% year over year.

Average Rents for Cities Across Canada

Rank	City	Total Avg	1 Bed	2 Bed
1	North Vancouver	$3,036	$2,501	$3,434
2	Vancouver	$2,729	$2,350	$3,248
3	Oakville	$2,695	$2,316	$3,021
4	Toronto	$2,571	$2,221	$2,939
5	Kanata	$2,524	$2,251	$2,754
6	Burnaby	$2,520	$2,119	$2,724
7	North York	$2,519	$2,085	$2,690
8	Coquitlam	$2,510	$2,087	$2,709
9	Etobicoke	$2,441	$2,081	$2,653
10	Vaughan	$2,422	$2,110	$2,516
11	Burlington	$2,386	$2,068	$2,425
12	Halifax	$2,365	$1,999	$2,591
13	Mississauga	$2,346	$2,042	$2,443
14	Barrie	$2,332	$2,103	$2,472
15	Langley	$2,266	$1,911	$2,480
16	Brampton	$2,259	$1,971	$2,351
17	Victoria	$2,255	$1,994	$2,649
18	Guelph	$2,224	$1,927	$2,276
19	New Westminster	$2,203	$1,901	$2,655
20	Kingston	$2,200	$1,933	$2,353
21	Ottawa	$2,200	$1,958	$2,470
22	Scarborough	$2,187	$1,835	$2,319
23	Surrey	$2,185	$1,796	$2,250
24	Ajax	$2,182	$1,890	$2,241
25	Waterloo	$2,169	$1,922	$2,337
26	Laval	$2,130	$1,726	$2,352
27	Nanaimo	$2,078	$1,844	$2,251
28	Kelowna	$2,073	$1,823	$2,248
29	East York	$2,056	$1,792	$2,379
30	Brossard	$2,044	$1,767	$2,139
31	Cambridge	$2,027	$1,834	$2,174
32	Oshawa	$2,023	$1,740	$2,019
33	Niagara Falls	$1,978	$1,659	$1,958
34	Airdrie	$1,966	$1,429	$1,774
35	Greater Sudbury	$1,959	$1,720	$2,101
36	Kamloops	$1,957	$1,750	$2,026
37	Montreal	$1,957	$1,742	$2,259
38	Kitchener	$1,938	$1,691	$2,084
39	Hamilton	$1,921	$1,653	$2,135
40	London	$1,913	$1,651	$2,030
41	Brantford	$1,911	$1,787	$2,025
42	Peterborough	$1,892	$1,680	$1,918
43	Calgary	$1,885	$1,508	$1,845
44	St. Catharines	$1,810	$1,530	$1,921
45	Gatineau	$1,776	$1,607	$1,857
46	Welland	$1,754	$1,505	$1,978
47	Côte Saint-Luc	$1,710	$1,405	$1,966
48	Windsor	$1,670	$1,475	$1,906
49	Winnipeg	$1,646	$1,426	$1,754
50	Edmonton	$1,631	$1,275	$1,646
51	Sarnia	$1,607	$1,438	$1,674
52	Quebec City	$1,586	$1,299	$1,677
53	Red Deer	$1,573	$1,345	$1,515
54	Lethbridge	$1,545	$1,334	$1,572
55	Saskatoon	$1,517	$1,295	$1,531
56	Regina	$1,468	$1,291	$1,536
57	Fort McMurray	$1,378	$1,163	$1,382
58	Medicine Hat	$1,371	$1,228	$1,381
59	Lloydminster	$1,330	$1,056	$1,412
60	St. John's	$1,293	$1,136	$1,453

Average Rent by City
Source: Rentals.ca Network Data & Urbanation Inc.

Average Rent by Province

LOCATION	Total	1B	2B
AB	$1,776	$1,405	$1,747
BC	$2,387	$2,048	$2,634
MB	$1,643	$1,419	$1,742
ON	$2,256	$1,968	$2,437
QC	$1,931	$1,690	$2,149
SK	$1,461	$1,265	$1,502
Atlantic Canada	$2,274	$1,909	$2,434
Canada	$2,035	$1,753	$2,146

Average Rent by Property Type Across Canada

TYPE	Total	1B	2B
All	$2,035	$1,753	$2,146
Apartment	$2,038	$1,799	$2,232
Condominium	$2,050	$1,827	$2,170
House/Townhouse	$2,014	$1,305	$1,733

How Does Renting Compare With Homeownership in Edmonton?

Each $100,000 in mortgage balance costs an average of $564 per month on nesto’s lowest fixed 5-year rate at 4.59%, and $506 per month on nesto’s lowest adjustable 5-year rate at 3.45%.

On the variable side, a 0.25% change in the Bank of Canada’s policy rate moves that payment by roughly $13.47 per $100,000 if rates rise, or $13.27 if they fall. Fixed payments aren’t affected the same way mid-term—a fixed rate is locked for the term and tracks bond yields, not the policy rate directly, so this sensitivity applies only to the variable side.

The interest rates used for the calculation are those offered on insured purchases with less than a 20% down payment, on a 25-year amortization, as of October 2, 2026 and are subject to change. Canada’s policy rate is 2.25%, and nesto’s prime rate is 4.45%.

---

Frequently Asked Questions (FAQ) About the Edmonton Housing Market in 2026

---

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!

New Mortgage

Mortgage Renewal

Mortgage Refinance