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…

467 Views, 0 Comments

Read Full Post


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…

1162 Views, 0 Comments

Read Full Post

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.…

835 Views, 0 Comments

Read Full Post

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,…

669 Views, 0 Comments

Read Full Post

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…

999 Views, 0 Comments

Read Full Post

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…

2256 Views, 0 Comments

Read Full Post

In August 2024, the Greater Edmonton real estate market once again demonstrated robust growth amidst evolving economic conditions. The benchmark price for single-family homes reached a record high of $476,700, marking a significant 7.6% increase from the previous year. Furthermore, apartment-style condos and townhouses witnessed remarkable growth, with prices surging by 10.6% to $197,700, and 14.8% to $269,800, respectively.

Despite a seasonally typical 12% decrease in sales from the bustling activity observed in July, sales in August notably increased 15% from last year, substantially exceeding typical levels for the season. Even with a 5% year-over-year increase in listings, strong demand has ensured that inventory levels remain below the norm. By…

348 Views, 0 Comments

Read Full Post

Far from the anticipated seasonal slowdown, the real estate market was decidedly busy in the Edmonton area in July, reinforcing the seller's advantage that has characterized Edmonton's real estate landscape for the past 18 months.

A striking 27% year-over-year increase in sales this July, coupled with a modest but notable 3% rise from June 2024, paints a picture of a market buzzing with activity during a time usually marked by camping trips and summer vacations. Listings increased 11% over last year, which helped ease the pressure from buyers a bit, but strong sales led to a 17% drop in inventory (2 months supply). 

The Bank of Canada's decision to cut its benchmark rate by 25 basis points in late July — its second reduction in just two months —…

869 Views, 0 Comments

Read Full Post

In June 2024, the Greater Edmonton real estate market sustained its momentum, with a 10% increase in sales compared to the previous year, totalling 2,846 properties. This growth occurred alongside a modest 1% rise in new listings, tightening inventory levels significantly to 5,947 listings—a 17% year-over-year decrease. With only 2.1 months of supply, Edmonton's market dynamics firmly favour sellers, a trend that has persisted for over a year.

The backdrop to this market condition is Alberta’s notable population growth, reaching 4.85 million by April 1, 2024, an increase of 1.0% from the first quarter of 2023. This demographic trend is expected to keep real estate demand elevated well into the future.

Housing starts in Alberta were up 32% in May…

1040 Views, 0 Comments

Read Full Post



The Greater Edmonton real estate market has showed remarkable resilience and growth in May 2024. Sales increased by 18% compared to last year, with a total of 3,220 properties changing hands. This growth has outpaced the addition of new listings, which rose by 10%, leaving the inventory at a decreased level of 5,836 listings - a 17% reduction from the previous year. This has solidified Edmonton's status as a seller's market, with only 1.81 months of supply.

The Bank of Canada decreased interest rates by 0.25% yesterday, yet fixed mortgage rates are expected to remain stable for the near term.

Vigorous demand for housing has been caused by the level of interprovincial and international migration to Alberta. Last year, Alberta experienced…

1184 Views, 0 Comments

Read Full Post