Buy in Edmonton

11/13/2025

08/12/2024

Here's a fascinating study!

Based on Median House Price and Median Household Income, Edmonton is the fifth most affordable city to live in!

The poll area was the US, UK, Australia, and Canada!

https://fcpp.org/wp-content/uploads/2024-Demographia-International-Housing-Affordability-2.pdf

06/07/2024

We are ready to crush the Panthers! . Go Oilers Go!

06/04/2024

Here are the key statistics for the Edmonton real estate market for May 2024:

Home Prices:

The average residential home price was $431,387, showing a 2.5% increase from the previous month and a 5.4% increase year-over-year​ (WOWA.ca)​​ (nesto.ca)​.

Detached homes had an average price of $529,957, up 2.5% month-over-month and 5.9% year-over-year​ (WOWA.ca)​​ (Creastats)​.
Semi-detached homes averaged $406,674, showing a 7.4% annual increase​ (nesto.ca)​.

Row/townhouses were priced at an average of $294,417, up 4.2% from March 2024 and 12.5% from April 2023​ (Creastats)​.

Apartment condominiums averaged $200,968, increasing 3.5% month-over-month and 3.7% year-over-year​ (Creastats)​​ (nesto.ca)​.

Sales and Listings:

There were 3,128 residential unit sales in April 2024, a 27.1% increase from March 2024 and a 54.9% rise from April 2023​ (Creastats)​​ (nesto.ca)​.

New listings in April 2024 totaled 3,909, an 11.2% increase from March 2024 and 13.7% higher than April 2023​ (Creastats)​​ (nesto.ca)​.

Market Trends:

The sales-to-new-listings ratio (SNLR) was 80%, indicating a seller's market​ (WOWA.ca)​​ (nesto.ca)​.

The median days on the market for all residential listings decreased to 36 days, reflecting a hotter market compared to previous months​ (Creastats)​.

These statistics indicate a strong seller's market with rising prices and increased sales activity, making it a dynamic time for the Edmonton real estate market​ (WOWA.ca)​​ (Creastats)​​ (nesto.ca)​.

05/30/2024

As of May 2024, the Edmonton real estate market is experiencing significant growth in both sales and prices.

Key points include:

Price Increases: The average residential price in the Greater Edmonton Area (GEA) is $431,387, reflecting a 5.4% increase from April 2023. Detached homes average $529,957, up 5.8% year-over-year, while semi-detached units average $406,674, up 7.4% year-over-year.

Row/townhouse prices have risen by 12.5% to $294,417, and condo apartments are priced at $200,968, showing a 3.7% increase from the previous year​ (WOWA.ca)​​ (CREA Stats)​.

Sales Volume: There were 3,128 residential unit sales in April 2024, a 54.9% increase compared to April 2023. The number of new listings also increased to 3,909, indicating high market activity.

This growth is partially driven by an influx of people moving to Edmonton from other regions, particularly British Columbia and Ontario, attracted by more affordable housing​ (CREA Stats)​​ (nesto.ca)​.

Market Conditions: The sales-to-new-listings ratio (SNLR) is 80%, indicating a strong seller's market. This ratio, combined with the increasing prices and sales volumes, suggests that the Edmonton real estate market is becoming increasingly competitive for buyers​ (nesto.ca)​.

Challenges and Trends: Despite the market's robust performance, challenges such as wildfires in the region pose potential risks. Nonetheless, demand remains strong, and the market outlook for 2024 suggests continued growth​ (nesto.ca)​.

In conclusion, the Edmonton real estate market is currently very active, with rising prices and high sales volumes indicating a seller's market.

05/29/2024

Edmonton's Real Estate Market Surges in April 2024

The Greater Edmonton Area (GEA) saw significant real estate growth in April 2024, with 3,128 residential unit sales, up 27.1% from March and 54.9% from April 2023. New residential listings increased by 11.2% month-over-month and 13.7% year-over-year.

Key Highlights:

Detached Homes: 1,858 sales, up 27.1% from March and 51.4% from last year. Average price: $529,957.
Semi-Detached Units: 33.6% monthly sales increase, 61.7% yearly. Average price: $406,674.
Row/Townhouses: Sales rose 13.9% from March and 46.4% year-over-year. Average price: $294,417.
Apartment Condos: Sales surged 33.2% monthly and 72.5% yearly. Average price: $200,968.
Overall residential average price was $431,387, up 2.5% from March and 5.4% from April 2023. The MLS® Home Price Index benchmark was $397,200, a 1.2% monthly increase and 5.4% yearly.

Days on market decreased, with all residential listings averaging 36 days, 3 days fewer than last month and 8 days fewer than last year.

04/02/2024

Rising house prices and record interprovincial migration to Alberta
Median house prices in Edmonton are up from $363k in December to $405k in March, an increase of 11.6%.
A major factor driving our housing market is the record number of people moving to Alberta from other parts of Canada. As noted in the chart below by Statistics Canada, 55,107 people moved to Alberta in 2023 with the largest number (38,626) coming from BC and Ontario.
What’s the attraction?
The highest household & disposable incomes in Canada, great job opportunities, the lowest tax rates, short commutes and very affordable housing prices, especially in Edmonton.

03/05/2024

Rising prices, multiple offers & professional advice
Our market is firing on all cylinders as people across Canada are discovering the many advantages of homeownership in Edmonton. Median prices have risen by $35,000 in the past 2 months to $398,000 and are up 12% year over year. Sales are up 52% year over year and multiple offers are being presented in many cases within the first few hours a property goes on the market.



The role of a professional Realtor is more important than ever. On the selling side, it means a hi level marketing strategy, accurate CMAs and conducting the multiple offer process properly. For your buyers, it’s important to understand their financial abilities, be up to date on the market, take the emotion out of the transaction and structure offers that improves their chance of being successful while still protecting their position.

Don Patterson, LLB MBA - Managing Partner / Broker - RE/MAX Excellence