Edmonton Housing Market Outlook 2025

Table of contents
Edmonton Market Report Summary
- The average selling price of a home in Edmonton increased by 12.1% year-over-year to $412,200 in February 2025.
- The average selling price of a single-family home in Edmonton increased by 14.0% year-over-year to $479,900 in February 2025.
- The average selling price of a townhouse/multiplex in Edmonton increased by 17.3% year-over-year to $281,900 in February 2025.
- The average selling price of a condo in Edmonton increased by 13.4% year-over-year to $198,800 in February 2025.
- The average rent in Edmonton increased by 3.0% year-over-year to $1,529 for February 2025.
- March 23, 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 $412,200 for the month of February 2025, that’s increased by 3.7% compared to the previous month. On a year-over-year basis, Edmonton home prices have increased 12.1% over the last 12 months.
Single-family Home Prices
The average selling price of a single-family home in Edmonton was $479,900 for the month of February 2025, that’s increased by 3.9% compared to the previous month. On a year-over-year basis, single-family home prices in Edmonton have increased by 14.0% over the last 12 months.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Edmonton was $281,900 for the month of February 2025, that’s increased by 4.9% compared to the previous month. On a year-over-year basis, the price of a townhouse in Edmonton has increased by 17.3% over the last 12 months.
Condo Prices
The average selling price of a condo in Edmonton was $198,800 for the month of February 2025, that’s increased by 2.1% 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 February 2025 was $412,200, and it increased of 12.1% compared to a year ago.
REA also reported a sales-to-new-listings ratio (SNLR) of 65%, indicating a sellers market in Edmonton for February 2025.
Edmonton’s Early Spring Surge Brings Renewed Activity and Price Growth
According to the Realtors Association of Edmonton (RAE), the Greater Edmonton Area (GEA) real estate market showed significant signs of an early spring rebound in February 2025. Total residential unit sales hit 1,825, reflecting a 14.3% month-over-month increase from January 2025, though still 7.1% lower year-over-year compared to February 2024.
The Edmonton housing market is shifting gears with increased economic activity as spring approaches:
- Overall, residential average prices climbed to $449,554, marking a notable 10.5% year-over-year growth and a 2.6% rise month-over-month.
- New residential listings totalled 2,723 units, a 2.2% increase from January 2025 and up by 14.1% compared to the previous year, indicating growing seller confidence.
- Despite the monthly growth, inventory levels remain constrained, decreasing by 13.4% year-over-year, with current inventory at 4,157 units.
Detached Homes:
- Detached home sales increased significantly, with 1,015 units sold, an 18.6% boost over January, though 12.3% fewer than in February 2024.
- Average selling prices rose 2.9% monthly to $568,000, an impressive 11.9% increase year-over-year.
- Median detached home prices climbed, reaching $530,000, a 14.0% year-over-year gain.
Semi-Detached Homes:
- Semi-detached home sales rose 7% month-over-month to 165 units but remained slightly below last year’s volume.
- Prices averaged $427,000, nearly 10% higher year-over-year, reflecting ongoing buyer interest and relative affordability compared to detached homes.
Row/Townhouses:
- Sales softened by 3.5% from the previous month but remained substantial year-over-year, averaging $301,000—a 9.1% increase from last year.
- Median prices for row houses rose similarly year-over-year, settling at $305,000 despite a 4.7% month-over-month decrease.
Apartment Condominiums:
- Condo prices showed robust growth, increasing by 7.3% from January to February 2025, with average prices reaching $217,000—up nearly 20% compared to last year.
- The condominium market’s median price increased notably by 18.2% year-over-year to $199,000, reflecting a more affordable option amidst overall market price growth.
Faster Sales Highlight Increased Demand
- The average days on the market for residential listings significantly dropped by 11 days month-over-month to 37 days, a 13-day improvement from February 2024.
- This faster turnover indicates increasing buyer urgency driven by rising home prices and lower inventory.
Looking Ahead to Your Next Step
With Edmonton’s real estate market entering an early spring phase, increased economic activity coupled with relatively lower interest rates suggests continued competitive conditions ahead. Buyers should consider the opportunity costs of delaying purchases, especially given potential rate hikes and limited inventory levels. Sellers, meanwhile, could find favourable market conditions as Edmonton’s real estate market moves deeper into spring.
For personalized mortgage advice on navigating the Edmonton market confidently, contact nesto mortgage experts. Their professional insights can help secure optimal mortgage strategies, ensuring you make strategic decisions for your long-term financial goals and unique mortgage needs.
Month-over-Month Market Expectations for Edmonton
Transactions – Number of Sales
The number of sales in Edmonton was 1,597 during February 2025, that’s increased by 11.8% compared to the previous month. On a year-over-year basis, sales in Edmonton have increased by 11.0% over the last 12 months.
New Listings
The number of new listings in Edmonton was 2,452 during February 2025, that’s increased by 79.4% compared to the previous month. On a year-over-year basis, new listings in Edmonton have increased by 11.7% over the last 12 months.
Real Estate Market
The sales to new listings ratio (SNLR) in Edmonton was 65% during February 2025, indicating a sellers market. On a monthly basis, that’s decreased by 37.7% compared to the previous month. Edmonton’s yearly sales to new listings ratio has decreased by 0.7% 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 $1,529 for the month of February 2025, which increased by 3.0% on a year-over-year basis.
The average rent for a bachelor apartment in Edmonton was $1,091 for the month of February 2025, which increased by 8.0% on a year-over-year basis.
The average rent for a 1-bedroom apartment in Edmonton was $1,363 for the month of February 2025, which increased by 2.0% on a year-over-year basis.
The average rent for a 2-bedroom apartment in Edmonton was $1,687 for the month of February 2025, which increased by 3.0% on a year-over-year basis.
The average rent for a 3-bedroom apartment in Edmonton was $1,363 for the month of February 2025, which increased by 3.0% 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
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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EXPLANATIONS
Interest Rates
Property Values
Home Price Index
Property Types
Property Ownership Classes
Strata Insurance
Rental Values
Qualifying Criteria
Professional Titles
Mortgage Experts
Interest Rates
Qualified using nesto’s fixed 5-year insured and uninsured rates as advertised on our website. For today, Sunday, March 23, 2025, our example calculations are qualified on our lowest rates, which may or may not apply to your unique financing situation or long-term goals. Insured fixed-rate mortgages will be qualified at
We appreciate your patience and understanding and encourage you to email us at website@nesto.ca with information that needs correction alongside your sources.
Property Values
Home values collected from CREA or QPAREB are those presented as the composite benchmark or average prices for each city/province/region unless specified. They may be interchangeably called average home prices, though an average price may not be available for many regions outside Quebec.
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.
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, which are 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).
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.
Rental Values
Our monthly or year-over-year rental averages are sourced from Urbanation’s monthly Rentals.ca National Rental Report.
Mortgage Qualifying Criteria
Insured qualifying criteria are limited to a 39% gross debt service (GDS) ratio and up to 25 years of amortization. For insured mortgage transaction calculations, we have used a 20% downpayment, unless otherwise indicated, in our examples and excluded any mortgage default insurance (CMHC) premium. Uninsured qualifying criteria are limited to a 35% gross debt service (GDS) ratio and up to 30 years of amortization. Our examples use a 20% downpayment for uninsured mortgage transaction calculations. Unless otherwise indicated, a $100 monthly heating cost is attributed to the total monthly stress-tested payment. Municipal tax rates are the most recently shown on the applicable municipality’s website (1% used as default when unavailable or for a region with an unspecified mill rate). Mortgage default insurance is not permitted on purchases that have valuations of $1 million or more, amortizations exceeding 25 years, or on refinance transactions.
Regulatory Titles
In Ontario (FSRA), mortgage brokers and agents serve as the middle person between borrowers and lenders, helping clients find the most suitable mortgage options for their financing situation. A Mortgage Agent works under the supervision of a Mortgage Broker and assists in the mortgage application process. A Mortgage Broker may also be responsible for compliance requirements for their brokerage or a team.
The provinces of Quebec (AMF) and Newfoundland (Digital & Government Service NL) both exclusively utilize the designation of Mortgage Broker as a licensing designation.
British Columbia (BCFSA) has two distinct roles within the mortgage industry: the Submortgage Broker and the Mortgage Broker. These positions have specific responsibilities and functions that contribute to the overall process of securing mortgages for clients. The Submortgage Broker works under the supervision of a licensed Mortgage Broker and assists in various tasks, such as gathering client information, completing paperwork, and liaising with lenders. The Mortgage Broker oversees the entire mortgage application process, including assessing client needs, finding suitable mortgage options, negotiating terms, and ensuring compliance with regulations.
In Alberta (RECA) and New Brunswick (FCNB), the distinction between a Mortgage Associate and a Mortgage Broker lies in their roles and responsibilities within the mortgage industry. A Mortgage Associate typically works under the supervision of a Mortgage Broker and assists in the mortgage application process gathering necessary documentation, and providing support to clients. A Mortgage Broker is licensed to independently negotiate and arrange mortgage loans on behalf of clients, offering a more comprehensive range of mortgage options and expertise in the field.
In Saskatchewan (FCAA) and Nova Scotia (Government of Nova Scotia, Business Licensing), there are distinct roles for both Associate Mortgage Brokers and Mortgage Brokers. The critical difference lies in their level of experience and licensing requirements. Associate Mortgage Brokers work under the supervision of a licensed Mortgage Broker and are in the early stages of their career. They may assist with gathering client information and preparing mortgage applications. Mortgage Brokers have obtained the necessary qualifications and licences to operate independently and provide mortgage services directly to clients. They have the authority to negotiate mortgage terms, advise clients, and facilitate the mortgage process from start to finish.
In Manitoba (MSC), a Salesperson is primarily responsible for promoting and selling products or services, while an Authorised Official holds the authority to make legally binding decisions on behalf of the organization. These roles have different levels of authority and expertise, with the Salesperson focusing on sales and the Authorised Official having broader decision-making powers and acting as the liaison between the brokerage and the regulator.
For a complete list of licensing terms in Canada, please see the Mortgage Broker Regulators’ Council of Canada (MBRCC) published list.
nesto Mortgage Experts
Titles such as mortgage broker, mortgage agent, submortgage broker, mortgage salesperson, or principal broker are provincially regulated licensing terms with educational requirements specific to each province. Although they may all commonly be referred to as mortgage brokers, in Ontario, where mortgage agents are used as a designation, mortgage brokers or principal brokers have additional responsibility for compliance and training mortgage agents.
Licensed mortgage professionals often use the industry norm of “mortgage broker,” “broker,” or “advisor” to refer to themselves. However, disclosure requirements for licensed mortgage professionals’ titles vary across each province in Canada. These disclosures require mortgage brokers to adhere to specific rules when using titles to represent their qualifications and expertise. The provinces have regulations and guidelines that govern the use of titles by mortgage brokers. These regulations aim to ensure transparency and protect consumers in the mortgage industry.
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