Edmonton Housing Market Outlook 2025
Table of contents
Edmonton Market Report Summary
- The average selling price of a home in Edmonton increased by 4.4% year-over-year to $417,000 in September 2025.
- The average selling price of a single-family home in Edmonton increased by 7.5% year-over-year to $497,100 in September 2025.
- The average selling price of a townhouse/multiplex in Edmonton increased by 6.1% year-over-year to $284,300 in September 2025.
- The average selling price of a condo in Edmonton increased by 0.6% year-over-year to $199,100 in September 2025.
- The average rent in Edmonton decreased by 2.3% year-over-year to $1,573 for September 2025.
- October 17, 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 $417,000 for the month of September 2025, that’s decreased by 0.9% compared to the previous month. On a year-over-year basis, Edmonton home prices have increased 4.4% over the last 12 months.
Single-family Home Prices
The average selling price of a single-family home in Edmonton was $497,100 for the month of September 2025, that’s decreased by 0.8% compared to the previous month. On a year-over-year basis, single-family home prices in Edmonton have increased by 7.5% over the last 12 months.
Townhouse and Multiplex Prices
The average selling price of a townhouse in Edmonton was $284,300 for the month of September 2025, that’s decreased by 0.8% compared to the previous month. On a year-over-year basis, the price of a townhouse in Edmonton has increased by 6.1% over the last 12 months.
Condo Prices
The average selling price of a condo in Edmonton was $199,100 for the month of September 2025, that’s decreased by 1.4% compared to the previous month. On a year-over-year basis, the price of a condo in Edmonton has increased 0.6% 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 September 2025 was $417,000, and it increased of 4.4% compared to a year ago.
REA also reported a sales-to-new-listings ratio (SNLR) of 60%, indicating a Balanced in Edmonton for September 2025.
Edmonton Housing Inventory Climbs 26%
The Realtors Association of Edmonton (RAE) reported that housing activity across the Greater Edmonton Area (GEA) moderated in September 2025 as the market entered its typical fall slowdown. There were 3,645 new listings, virtually unchanged from August but up 16.3% year over year. Home sales totalled 2,192, a 7.8% decline from August and 2.9% lower than September 2024. The resulting imbalance led to a 25.6% increase in available inventory compared to one year earlier.
Average selling price across all residential property types declined by 1.8% MoM to $452,849, but remained 2.8% higher than September 2024. The MLS Home Price Index (HPI) composite benchmark price stood at $423,500, down 1% from August yet 4.2% above last year’s level.
Board Chair Darlene Reid commented, “Real estate activity is getting quieter as expected in the fall, though last month we did see prices go up for semi-detached and even row/townhouse property types. Looking ahead, there is some potential for another spike of activity if the Bank of Canada lowers interest rates again.”
Detached Home Prices Declined Modestly with Stable Demand
Detached homes averaged $554,084 in September, down 2.8% from August but 0.2% higher than September 2024. Detached sales decreased 7.7% MoM yet edged up 0.7% YoY, supported by ongoing migration and steady employment levels. New listings for detached homes fell 2.3% MoM but remained 18.6% higher year over year, adding to supply.
Semi-Detached Homes Recorded the Strongest Price Growth
The semi-detached segment in Edmonton outperformed most others in September. Prices rose 3.1% MoM to $433,760, up 5.3% compared to September 2024. While sales volumes decreased 5.9% MoM and 2.4% YoY, limited new supply prevented prices from softening. New listings declined 15.5% from August but were still 5.4% higher than last year.
Row and Townhouse Segment Maintained Modest Price Gains
Row and townhouse prices continued to rise for a second consecutive month, averaging $303,382, representing a 0.5% monthly increase and a 3.4% gain year over year. However, sales in this segment fell 5.2% MoM and 10.5% YoY, reflecting mild affordability constraints. New listings grew 4.1% MoM and surged 30.4% compared to last year, expanding buyer options across newer suburban communities.
Apartment Condominium Prices Fell but Remain Higher YoY
The apartment condominium sector saw weaker activity, with sales down 11.9% MoM and 8.7% YoY. New listings in this segment dropped 8% MoM but were still 5.4% higher than last year. Prices averaged $207,363, down 4.9% from August but 3.8% higher than September 2024, supported by persistent rental demand and investor interest in smaller units.
Edmonton Real Estate Outlook for Late 2025
Edmonton’s housing market remains one of the most affordable major markets in Canada, as inventory continues to expand. The rise in supply relative to demand has created balanced-to-buyer conditions heading into Q4 2025. Months of inventory rose to 3.8, its highest level since 2021, though still below pre-pandemic averages.
For homebuyers, Edmonton’s elevated supply levels create opportunities to enter the market with less competition. The Bank of Canada’s September rate cut to 2.5% is expected to stabilize market activity into year-end, providing modest relief for new buyers. If the Bank proceeds with another rate cut before year-end, affordability could further improve, supporting renewed demand and stabilizing property values across the Greater Edmonton Area into 2026.
Month-over-Month Market Expectations for Edmonton
Transactions – Number of Sales
The number of sales in Edmonton was 2,192 during September 2025, that’s decreased by 8% 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 3,645 during September 2025, that’s decreased by 3.7% compared to the previous month. On a year-over-year basis, new listings in Edmonton have increased by 13.4% over the last 12 months.
Real Estate Market
The sales-to-new-listings ratio (SNLR) in Edmonton was 60% during September 2025, indicating a Balanced. On a monthly basis, that’s decreased by 4.4% compared to the previous month. Edmonton’s yearly sales to new listings ratio has decreased by 14.3% 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
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Edmonton Market Rents Summary
The average rent in Edmonton was $1,573 for the month of September 2025, which decreased by 2.3% on a year-over-year basis.
The average rent for a bachelor apartment in Edmonton was $0 for the month of September 2025, which 0 by 0% on a year-over-year basis.
The average rent for a 1-bedroom apartment in Edmonton was $1,386 for the month of September 2025, which decreased by 4.7% on a year-over-year basis.
The average rent for a 2-bedroom apartment in Edmonton was $1,737 for the month of September 2025, which decreased by 1.2% on a year-over-year basis.
The average rent for a 3-bedroom apartment in Edmonton was $1,386 for the month of September 2025, which decreased by 1.2% on a year-over-year basis.
How Does Renting Compare with Homeownership in Edmonton?
Each $100,000 in mortgage balance costs an average of $520.07 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 2.50%, and nesto’s prime rate is set to 4.70%.
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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