Edmonton Housing Market Outlook 2026

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Edmonton Property Market Begins 2026 with High Inventory

According to the Realtors Association of Edmonton, the Greater Edmonton Area reported 1,606 sales in February 2026. This increase marks a massive 39.7% uptick from January activity, signalling that signs of life are returning as the spring lending season approaches.

Balanced Conditions Defining the Winter Season

While sales are up month over month, they remain 11.5% lower than in February of the previous year. This seasonal rebound is consistent across almost all property types, with inventory levels now 34.6% higher than last year.

• The average selling price across all residential property types rose to $454,801, a 1.5% annual increase.
• Detached home prices averaged $571,372, increasing 2.7% from January.
• Condominium prices averaged $212,133, which is 6% lower than the previous month.
• Semi-detached homes saw the largest annual average price jump, rising 4.8% to $441,958.

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Edmonton Housing Market Highlights

• The average selling price of a home in Edmonton decreased by 2% year-over-year to $412,300 in February.
• The average selling price of a single-family home in Edmonton decreased by 0.6% year-over-year to $495,300 in February.
• The average selling price of a townhouse/multiplex in Edmonton decreased by 4.5% year-over-year to $271,700 in February.
• The average selling price of a condo in Edmonton decreased by 3.7% year-over-year to $199,200 in February.
• The average rent in Edmonton is now $1,590 for February.
• March 18, 2026: Today’s lowest mortgage rate in Edmonton is for a 5-year fixed.

Data from the Realtors Association of Edmonton (REA) indicates that the average price of resale residential homes sold across Edmonton in February was $412,300, and itdecreased of 2% compared to a year ago.

REA also reported a sales-to-new-listings ratio (SNLR) of 53%, indicating Balanced market conditions in Edmonton for February.

Composite Home Prices

Single-family Home Prices

Townhouse and Multiplex Prices

Condo Prices

Transactions –  Number of Sales

New Listings

Real Estate Market

The sales-to-new-listings ratio (SNLR) measures the number of home sales compared to new listings. An SNLR below 40% suggests a buyer’s market, where buyers have the upper hand and greater 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 Snapshot

The average rent in Edmonton was $1,590 for the month of February.

The average rent for a 1-bedroom apartment in Edmonton was $1,302 for the month of February, which decreased by 2.1% year over year.

The average rent for a 2-bedroom apartment in Edmonton was $1,639 for the month of February, which decreased by 0.7% year over year.

Rental Price Changes by City

Rank	CITY	Total Average	1 Bedroom	2 Bedrooms	Year-over-Year Change
1	North Vancouver	$2,969	$2,465	$3,330	−4.4%
2	Vancouver	$2,672	$2,376	$3,289	−4.5%
3	North York	$2,524	$2,119	$2,689	0.00%
4	Burnaby	$2,517	$2,099	$2,788	−6.6%
5	Coquitlam	$2,513	$2,051	$2,750	−6.3%
6	Toronto	$2,482	$2,201	$2,857	−6.8%
7	Oakville	$2,456	$2,188	$2,524	−21.3%
8	Kanata	$2,405	$2,251	$2,564	−14.3%
9	Etobicoke	$2,375	$2,092	$2,548	−8.4%
10	Mississauga	$2,373	$2,077	$2,478	−7.6%
11	Burlington	$2,356	$2,052	$2,435	−5.0%
12	Langley	$2,344	$2,069	$2,467	−1.2%
13	Scarborough	$2,294	$1,926	$2,387	−6.8%
14	Kingston	$2,287	$1,927	$2,455	23.00%
15	Brampton	$2,282	$1,986	$2,302	−2.8%
16	Victoria	$2,271	$1,998	$2,607	−3.3%
17	Halifax	$2,269	$2,023	$2,550	1.80%
18	East York	$2,267	$1,913	$2,498	−8.8%
19	Vaughan	$2,254	$2,072	$2,516	−5.6%
20	Waterloo	$2,223	$2,055	$2,329	−9.2%
21	Ajax	$2,217	$1,812	$2,251	−0.5%
22	Guelph	$2,183	$1,973	$2,241	−8.6%
23	Barrie	$2,154	$1,926	$2,172	0.20%
24	Ottawa	$2,143	$1,960	$2,489	−2.3%
25	New Westminster	$2,131	$1,887	$2,650	−5.1%
26	Hamilton	$2,115	$1,767	$2,258	8.50%
27	Laval	$2,105	$1,711	$2,343	8.70%
28	Surrey	$2,090	$1,801	$2,236	−7.4%
29	Greater Sudbury	$2,080	$1,897	$2,145	−5.8%
30	Nanaimo	$2,057	$1,812	$2,324	7.20%
31	Cambridge	$2,039	$1,802	$2,104	−6.1%
32	Kitchener	$2,019	$1,790	$2,143	−4.6%
33	Oshawa	$2,018	$1,746	$2,058	−4.8%
34	Kamloops	$2,018	$1,773	$2,180	5.50%
35	Brantford	$1,996	$1,820	$2,103	2.80%
36	Kelowna	$1,994	$1,703	$2,142	−9.9%
37	Brossard	$1,973	$1,799	$2,049	−9.0%
38	Peterborough	$1,956	$1,711	$1,995	−0.6%
39	Montreal	$1,925	$1,722	$2,257	0.10%
40	Airdrie	$1,914	$1,442	$1,702	−4.3%
41	London	$1,912	$1,647	$2,048	−6.1%
42	Niagara Falls	$1,901	$1,615	$1,936	−9.2%
43	Calgary	$1,870	$1,531	$1,844	−3.9%
44	Gatineau	$1,869	$1,639	$2,049	−8.2%
45	St. Catharines	$1,832	$1,626	$1,937	−2.7%
46	Sarnia	$1,761	$1,538	$1,836	−4.0%
47	Welland	$1,704	$1,546	$1,872	1.70%
48	Winnipeg	$1,671	$1,427	$1,800	3.20%
49	Windsor	$1,657	$1,517	$1,825	−1.5%
50	Edmonton	$1,590	$1,302	$1,639	−0.7%
51	Côte Saint-Luc	$1,567	$1,415	$1,802	−21.9%
52	Red Deer	$1,556	$1,282	$1,511	2.10%
53	Saskatoon	$1,555	$1,329	$1,555	2.10%
54	Lethbridge	$1,502	$1,361	$1,582	0.00%
55	Regina	$1,454	$1,259	$1,521	3.30%
56	Quebec City	$1,444	$1,341	$1,597	−15.2%
57	Medicine Hat	$1,364	$1,240	$1,386	−0.6%
58	Fort McMurray	$1,353	$1,165	$1,411	−0.7%
59	Lloydminster	$1,255	$1,090	$1,354	8.40%
60	St. John's	$1,163	$1,084	$1,253	−5.1%

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

Rental Price Changes by Province

Rental Price Growth by Housing Type

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 and $495.28 per month on nesto’s lowest adjustable 5-year rate at .

For each $100,000 in mortgage balance, a 0.25% change in Canada’s policy rate impacts the monthly payment by $13.23. The rates used for calculation are those offered for insured purchases with less than a 20% downpayment and a 25-year amortization. Canada’s policy rate is 2.25%, and nesto’s prime rate is set to 4.45%.

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

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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.

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