Edmonton's housing market saw significant gains in home prices as of the end of February, particularly for the detached home (house) and apartment categories. While the listing inventory is increasing, it still lags behind the high demand from buyers, driving the prices up.

Hot Market Ahead!

Edmonton continues to be a top destination for both interprovincial and international migrants as well as investors. The number one driver for this influx is affordability. Compared to other Canadian cities, Edmonton offers lower costs of living and more affordable housing prices. As a result, the demand for housing in 2025 will be high. The good news is that inventory started increasing, with 77% more new listings in January than last month, particularly in the half duplex single family category which more than doubled. Edmonton is also seeing a big increase in new housing. This rise in inventory will help bring about a more balanced market and temper price increase. Below is the latest Edmonton housing market update. For more detailed market analysis, please contact us.

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