The real estate landscape in the Greater Edmonton Area is an interesting scenario of strong growth in May, 2025, tempered by emerging shifts. The benchmark price for single-family homes has increased by 11% over last May, reaching an unprecedented high of $518,500. Additionally, other segments of the market have shown noteworthy appreciation: apartment-style condos have risen by 15% to $223,300, while townhouses have appreciated by 16% to $303,100. These increases reflect a sustained seller’s market of over two years.

However, a closer look at the current statistics reveals early signs of change. New listings in May reached a record peak (since I started tracking the stat in 2008), with 4,915 new listings—a 17% increase compared to last year. Despite…

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In April 2025, the Greater Edmonton real estate market appears to be shifting, characterized by record-setting benchmark prices and subdued consumer sentiment.

The market continues to favour sellers, with single-family homes reaching a new benchmark price of $516,800, representing a 12% increase from the previous year. Apartment-style condos and townhouses have also experienced significant growth, increasing by 15% to $218,300 and 18% to $303,000, respectively. These figures highlight a persistent demand, with limited supply, evidenced by only two months of inventory available.

However, beneath these positive trends, signs of a changing market are emerging. New listings have risen slightly by 3%, while sales have decreased by 13%, which lead to a…

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In March 2025, the Greater Edmonton real estate market displayed remarkable resilience and growth, showcasing the region's economic strength despite facing external tariff pressures and shifts in global trade. The benchmark price for single-family homes rose to a record high of $516,400, reflecting a significant 14% increase compared to the previous year. This upward trend was also evident in apartment-style condos, which experienced a 14% rise, reaching $215,400. Townhouses led the growth with an impressive 20% increase, bringing their price to $303,900.

Amidst rising prices, Edmonton's real estate market was significantly impacted by a noticeable supply constraint. By month-end, inventory levels sat at 4,845 listings, representing a 9% decrease from…

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In February 2025, the real estate market in the Greater Edmonton Area has shown some important trends. By considering economic factors and local conditions, let's look at the key statistics and changes shaping the market.

The average price for single-family homes reached a new high of $505,700, which is a 14% increase from last year. Similarly, apartment-style condos and townhouses also saw price increases of 14% ($207,300) and 19% ($292,800), respectively. These numbers reflect strong demand in the market, even with ongoing uncertainties.

Inventory levels continue to be notably low, with 4,148 listings by the end of February, reflecting a 13% decrease from the previous year.

We started the year with very strong sales in January, but the threat…

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As we analyze January's data for the Greater Edmonton real estate market, remarkable trends emerge. January observed a notable surge in property values, with single-family homes escalating by 14% to reach a benchmark price of $495,700 compared to last year. Apartment-style condos and townhouses were not far behind, marking increases of 9% and 13%, respectively. This surge culminated in the sale of a record-breaking $6 million single-family home, setting a new peak for luxury real estate in the region.

Inventory levels remained low, totalling 3,723 listings—an 18% decrease from the previous year—reflecting a robust seller's market. This is particularly pronounced as Edmonton witnessed 1,597 homes sold in January alone, an 11% increase year over year…

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2025 Real Estate Forecast: Economic and Population Growth Fuels Optimism

We attended the REALTORS® Association of Edmonton's annual Housing Forecast yesterday and returned home with lots of interesting information about what to expect in the coming year. The speakers included Economists, data analysts, CEOs and a Minister from the Government of Alberta. Every presenter was cautiously optimistic about Alberta's economy and the Greater Edmonton Housing market for the coming year.

What is causing all this optimism? Dale Nally, Minister of Service Alberta and Red Tape Reduction, pointed out that with 12% of Canada's population, Alberta has 25% of the jobs in this country. Provincial housing starts surged to a 10-year high in 2024, with 33,000 starts.…

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As we turn the pages to the final chapter of 2024, the Greater Edmonton real estate market presents an interesting story of growth and resilience, underscored by robust demand and limited inventory. In this analysis, we look into the key trends that shaped our market in December.

Pricing

The benchmark price for single-family homes rose by 8% to $475,500, compared to last December. Apartment-style condos followed closely with a 9% increase, pricing at $194,600. Meanwhile, townhouses, blending the allure of community living with the promise of ownership, have surged by an impressive 13% to $268,400.

Inventory Insights: A Seller's Advantage

Amidst this increase in prices, the market's inventory levels stayed well below the norm for all of 2024.…

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The real estate market in Greater Edmonton continues to flourish in November 2024, with sales remaining higher than seasonal norms and prices considerably higher than last year. Single-family homes now have a benchmark price of $472,600, marking a 10% rise from last November. For those looking into apartment-style condos, the benchmark price has climbed 11% to $194,900. Meanwhile, townhouses have also experienced growth, with their prices up by 12%, reaching $269,500.

These price increases mirror strong demand for homes in the area amidst a backdrop of shrinking inventory. By the end of November, there were just 4,501 properties listed for sale, 17% fewer than the previous year. This scenario, where demand outpaces supply, solidifies a seller's market,…

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Real Estate sales in the Greater Edmonton area rose 37% in October, compared to last year - the most we've seen in October since at least 2008. With only a 7% increase in new listings from last year, inventory at the end of the month was down 18%, establishing a predominant seller's market with a scant two months of supply. The Edmonton market has favoured sellers for nearly two years, a trend reinforced by the recent Bank of Canada's interest rate announcement, which sparked additional activity from buyers anticipating future price escalations. The benchmark prices reflect tight market conditions, with single-family homes increasing 9% to $473,700, condos up 11% to $195,900, and townhouses climbing 14% to $268,300. 

Edmonton's economic outlook is…

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As the leaves begin their annual transformation, Edmonton's real estate market is still going strong. In September 2024, the benchmark price for single-family homes escalated by 9% year-over-year to an impressive $476,500. This upward trajectory was most pronounced in multifamily dwellings, with apartment-style condos and townhouses witnessing a 10% and 12% increase to $197,900 and $267,800, respectively.

Sales in the greater Edmonton area were up 10% compared to last September, well above the seasonal norm. Inventory remained well below traditional levels, with 5,692 active listings at the end of the month, dwindling by 13% from last year. We're in a persistent seller's market wIth 2.5 months of supply.

The Bank of Canada cut its benchmark rate by…

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