09/18/2026
Condo sales fell 18.7% year over year. Condo prices fell 1.2%.
That gap is the whole story, and most people will miss it.
A 15-to-1 gap between how much demand left and how much price moved doesn't describe a market in trouble. It describes a standoff. Buyers stopped competing. Sellers looked at the offers, decided no thanks, and stayed put.
For anyone thinking about an investment condo, that changes what you're actually negotiating for.
You are not going to get a big discount. The data says sellers aren't there. What you can get is everything else — a longer condition period, a real document review that isn't rushed, the possession date that suits you, repairs handled before closing, and the time to walk away without someone else swooping in. At 48 days on market, up from 44 last August, nobody is swooping.
Two things I'd want you to know before you get excited, because they don't fit on a graphic.
The apartment benchmark price is down 1.6% year over year — a bit more than the average price suggests. And a segment that's slow to buy into is slow to sell out of. If you need liquidity in three years, this isn't the asset for it.
The deals that work here work on the boring stuff: condo fees, the building's reserve fund, and a rent you can actually achieve today. Not the one you'd like.
Comment NUMBERS and I'll send you the breakdown I use to run these.
(REALTORS® Association of Edmonton, August 2026) rojekrealty.com · 587-778-4144