Some interesting things are happening in the Greater Edmonton Real Estate market right now. Although sales dropped 5% from last May, they took a major jump compared to April. Meanwhile, fewer new listings came onto the market, and the inventory dropped to the lowest level we've seen in May in at least 7 years. This pushed us into a stronger seller's market with only 2.6 months of inventory. 

With the rents on the rise and very low vacancy rates, more people are considering purchasing condos. We've seen an increase in investors looking for condos to buy and rent out; there is also more interest in condos outside of the downtown core where there is almost a 10-month supply of condos (a severe buyer's market).


City of…

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Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:

New Listings: 615 (603, 649, 661)
Sales: 413 (420, 493, 422)
Ratio: 67% (70%, 76%, 64%)
Price Changes: 459 (390, 395, 351)
Expired/Off-Market Listings: 331 (174, 194, 202)
Net loss/gain in listings this week: -129 (9, -38, 37)
Active single-family home listings: 2903 (2940, 2901, 2839)
Active condo listings: 1814 (1841, 1836, 1795)
Homes 4-week running average: $483 ($482, $478, $477)
Condos 4-week running average: $218 ($221, $219, $222)

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Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:

New Listings: 603 (649, 661, 633)
Sales: 420 (493, 422, 434)
Ratio: 70% (76%, 64%, 69%)
Price Changes: 390 (395, 351, 373)
Expired/Off-Market Listings: 174 (194, 202, 308)
Net loss/gain in listings this week: 9 (-38, 37, -109)
Active single-family home listings: 2940 (2901, 2839, 2791)
Active condo listings: 1841 (1836, 1795, 1747)
Homes 4-week running average: $482 ($478, $477, $472)
Condos 4-week running average: $221 ($219, $222, $220)


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Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:

New Listings: 649 (661, 633, 580)
Sales: 493 (422, 434, 396)
Ratio: 76% (64%, 69%, 68%)
Price Changes: 395 (351, 373, 345)
Expired/Off-Market Listings: 194 (202, 308, 155)
Net loss/gain in listings this week: -38 (37, -109, 29)
Active single-family home listings: 2901 (2839, 2791, 2859)
Active condo listings: 1836 (1795, 1747, 1744)
Homes 4-week running average: $478 ($477, $472, $477)
Condos 4-week running average: $219 ($222, $220, $212)

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Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:

New Listings: 661 (633, 580, 696)
Sales: 422 (434, 396, 427)
Ratio: 64% (69%, 68%, 61%)
Price Changes: 351 (373, 345, 319)
Expired/Off-Market Listings: 202 (308, 155, 181)
Net loss/gain in listings this week: 37 (-109, 29, 88)
Active single-family home listings: 2839 (2791, 2859, 2820)
Active condo listings: 1795 (1747, 1744, 1721)
Homes 4-week running average: $477 ($472, $477, $474)
Condos 4-week running average: $222 ($220, $212, $208)

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Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:

New Listings: 633 (580, 696, 590)
Sales: 434 (396, 427, 317)
Ratio: 69% (68%, 61%, 54%)
Price Changes: 373 (345, 319, 297)
Expired/Off-Market Listings: 308 (155, 181, 190)
Net loss/gain in listings this week: -109 (29, 88, 83)
Active single-family home listings: 2791 (2859, 2820, 2736)
Active condo listings: 1747 (1744, 1721, 1666)
Homes 4-week running average: $472 ($477, $474, $471)
Condos 4-week running average: $220 ($212, $208, $203)


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Sales in the Greater Edmonton area are once again well below the levels seen during the pandemic but well ahead of pre-pandemic levels. If you don't include 2021 and 2022, there were more sales in April 2023 than there were in at least 15 years. The demand is a bit surprising when you consider interest rates are higher than we've seen in years. Lucky for us, we have plenty of new listings coming on the market, while in Calgary, inventory is extremely low, and prices have hit an all-time high. Our inventory is still below normal for this time of year, and for the second month in a row, we find ourselves in a seller's market with a 3.4-month supply of listings.


City of Edmonton Stats

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Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:

New Listings: 580 (696, 590, 605)
Sales: 396 (427, 317, 346)
Ratio: (61%, 54%, 57%)
Price Changes: 345 (319, 297, 346)
Expired/Off-Market Listings: 155 (181, 190, 276)
Net loss/gain in listings this week: 29 (88, 83, -17)
Active single-family home listings: 2859 (2820, 2736, 2695)
Active condo listings: 1744 (1721, 1666, 1618)
Homes 4-week running average: $477 ($474, $471, $465)
Condos 4-week running average: $212 ($208, $203, $205)

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The spring market is gaining momentum, but it's not the same flood of buyers we saw last spring.  Nathan Mol with Liv Real Estate® spoke to Joel Schlesinger about the new type of buyers we are seeing in a recent Edmonton Journal article. 

"Local realtor Nathan Mol with Liv real estate agrees, noting that condominium sales “have been quite active lately.” In the past 30 days, the city saw 448 apartment transactions, up 40 per cent over 2019.

Still, single-family homes in the mid-range prices are the first-choice option for many. “ The sweet spot for many buyers this spring so far is for (detached) homes in the $400,000 to $600,00 price bracket,” says Mol.""

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in…

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Buying a home is an exciting time and a significant milestone for many people, but it can also be an intimidating and costly process, particularly for first-time homebuyers. Fortunately, the Canadian government has introduced a new savings account to help prospective homebuyers save for their downpayment. Below, we will share what you need to know about the new First Home Savings Account and other downpayment options for first-time buyers.

What is the First Home Savings Account?

The First Home Savings Account is designed specifically for prospective first-time homebuyers. It's a savings account that offers tax incentives to help prospective home buyers save up for a down payment.

Eligibility Requirements

You need to be a Canadian resident, at…

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