This page has been updated with data released in February 2026 for the January 2026 period (source: RAE).
The average home price in Edmonton was $448,761 in January 2026, a 1.4% month-over-month decrease and a 2.4% year-over-year increase across all home types. The benchmark price was $415,000, down 1.0% year-over-year. Total sales of 1,151 were down 28% from January 2025, while new listings increased 4.7% to 2,518. The market had 4.3 months of supply, indicating balanced conditions.
Home prices in Edmonton
These are the average and median home prices in the Greater Edmonton Area (GEA) based on the home type for January 2026:
| Home Type | Average Price | Median Price | Y/Y Change (Avg) |
|---|---|---|---|
| All Residential | $448,761 | $430,000 | +2.4% |
| Detached | $556,752 | $514,500 | -0.8% |
| Semi-Detached | $422,964 | $420,000 | +0.5% |
| Row/Townhouse | $296,227 | $291,000 | -5.0% |
| Apartment Condominium | $225,671 | $200,000 | +11.4% |
This table shows the average and median home price by home type in the City of Edmonton for January 2026:
| Home Type | Average Price | Median Price |
|---|---|---|
| All Residential | $420,000 | $405,000 |
| Detached | $535,000 | $504,000 |
| Semi-Detached | $418,000 | $415,000 |
| Row/Townhouse | $290,000 | $285,000 |
| Apartment Condominium | $218,000 | $195,000 |
Rent prices in Edmonton
In January there were 44 total rented listings, with 68 active rentals. The average price for a 1-bedroom unit was $1,117 and for a 2-bedroom unit at $1,820 per month.
How much income would it take to afford a home in Edmonton?
If you are planning to purchase a home in Edmonton you may be wondering how much income it would take to afford a home? This table shows just how much you would need to purchase a home based on the average and median home prices for January 2026:
This table shows the income based on the average home price in the Greater Edmonton Area:
| Home Type | Average Price | Mortgage | Income Required |
|---|---|---|---|
| All Residential | $448,761 | $359,009 | $105,383 |
| Detached | $556,752 | $445,402 | $126,195 |
| Semi-Detached | $422,964 | $338,371 | $100,410 |
| Row/Townhouse | $296,227 | $236,982 | $75,998 |
| Apartment Condominium | $225,671 | $180,537 | $62,396 |
This is the income needed based on the median home price in the Greater Edmonton Area:
| Home Type | Median Price | Mortgage | Income Required |
|---|---|---|---|
| All Residential | $430,000 | $344,000 | $101,764 |
| Detached | $514,500 | $411,600 | $118,046 |
| Semi-Detached | $420,000 | $336,000 | $99,836 |
| Row/Townhouse | $291,000 | $232,800 | $74,985 |
| Apartment Condominium | $200,000 | $160,000 | $57,443 |
For the calculation of income to afford a home in Edmonton we used the following as inputs:
- Down payment of 20% to avoid mortgage default insurance
- Mortgage rate of 3.89%
- Amortization period of 25 years
- Gross debt service (GDS) ratio of 32%
- Property tax of $354 per month ($4250 per year)
- Heating costs of $150 per month ($1800 per year)
Edmonton market metrics
Key market indicators for Edmonton as of January 2026:
| Metric | Value | Year-over-Year Change |
|---|---|---|
| Total Sales | 1,151 | -28.0% |
| New Listings | 2,518 | +4.7% |
| Active Inventory | 4,901 | +33.0% |
| Average Days on Market | 59 | +10 days |
| Sales-to-New-Listings Ratio | 46% | N/A |
| Months of Supply | 4.3 | N/A |
| Average Price | $448,761 | +2.4% |
January is typically one of the slowest months for real estate, and the sharp year-over-year sales decline reflects both seasonal dynamics (a surge of new listings after the holidays) and broader market caution. Despite the sales pullback, average prices remain above year-ago levels (+2.4% YoY), and the SNLR of 46% indicates a balanced market.
Edmonton affordability analysis
Edmonton is one of the most affordable major metropolitan areas in Canada for homebuyers. Compared to other major cities, the income required to purchase an average home is significantly lower:
| City | Average Home Price | Income Required |
|---|---|---|
| Vancouver (GVA) | $1,206,180 | $251,218 |
| Toronto (GTA) | $1,008,968 | $213,376 |
| Calgary | $627,776 | $139,895 |
| Edmonton | $448,761 | $105,383 |
An Edmonton household requires approximately $35,000 less income than a Calgary household and roughly $110,000–$145,000 less than Toronto or Vancouver households to afford an average home. With the average income in Edmonton well above this threshold, Edmonton offers one of the best price-to-income ratios among major Canadian cities. This affordability extends across all property types — a detached home in Edmonton ($556,752) costs less than a townhouse in Vancouver or a condo in downtown Toronto.
Key trends in the Edmonton housing market
Interprovincial migration
Like Calgary, Edmonton has benefited from strong interprovincial migration. Alberta led all provinces in net domestic migration through 2024 and into 2025 according to Statistics Canada, and Edmonton has received a significant share of these newcomers. Many are attracted by affordable housing, job opportunities, and Alberta’s favourable tax environment.
Government and institutional sector
As Alberta’s capital city, Edmonton’s economy benefits from a stable base of provincial government employment. The University of Alberta and other post-secondary institutions also provide a steady economic anchor, making Edmonton’s housing market somewhat less volatile than Calgary’s, which is more directly tied to energy sector cycles.
Technology and diversification
Edmonton’s tech sector has seen strong growth, with companies in AI, machine learning, and clean energy establishing a presence in the city. The Edmonton Research Park and university-linked innovation hubs have attracted investment and talent, adding a new dimension to the city’s economic base.
New construction
Edmonton benefits from a relatively permissive development environment and abundant land for expansion. New housing starts have been strong, helping moderate price growth compared to supply-constrained markets like Toronto and Vancouver. This supply responsiveness is a key reason Edmonton has maintained its affordability advantage.
Notable areas in Edmonton
Edmonton offers a wide variety of neighbourhoods at different price points:
- Downtown and Oliver — Edmonton’s urban core features primarily condos and apartments, with some of the most affordable urban condo options among major Canadian cities. Average condo prices in the $200,000–$250,000 range.
- Old Strathcona and Garneau — South of the river, these walkable neighbourhoods near the University of Alberta offer character homes, local shops, and a vibrant arts scene. Detached homes range from $400,000 to $700,000.
- West Edmonton — Communities like Glenora, Crestwood, and Rio Terrace are among the city’s most established and desirable areas. Detached homes can range from $500,000 to over $1 million.
- Southwest Edmonton — Newer master-planned communities such as Windermere, Keswick, and Glenridding Heights are popular with families. Detached homes typically range from $500,000 to $750,000.
- St. Albert — A popular bedroom community just north of Edmonton with excellent schools and amenities. Average home prices are slightly above the Edmonton average.
- Sherwood Park — Part of Strathcona County to the east, offering suburban living with easy access to the city. Home prices are moderate and the area benefits from proximity to energy sector employers.
- Spruce Grove and Stony Plain — West of the city, these growing communities offer some of the most affordable detached homes in the metro area.
The Alberta advantage for Edmonton homebuyers
Edmonton homebuyers benefit from the same Alberta fiscal advantages as Calgary buyers:
- No provincial sales tax — Only the federal 5% GST applies. New homes are subject to GST, but resale homes are exempt.
- No land transfer tax — Alberta charges only a nominal title transfer fee (approximately $50 plus $2 per $5,000 of property value), typically amounting to a few hundred dollars. Compare this to Ontario, where land transfer tax on a $448,761 home would be approximately $5,475, or Toronto where the combined provincial and municipal tax would be over $9,150.
- Competitive property tax rates — Edmonton’s residential property tax rates are generally in line with other major Canadian cities.
Use our land transfer tax calculator to see the savings of buying in Alberta compared to other provinces.
Related Edmonton housing calculators
If you are planning to buy a home in the Edmonton area, these tools can help:
- Mortgage Calculator — Estimate monthly payments on an Edmonton home
- Mortgage Affordability Calculator — Determine how much home you can afford
- Income to Afford Home Calculator — Salary needed at Edmonton price levels
- Closing Costs Calculator — Estimate total purchase costs (lower in Alberta)
- Mortgage Insurance Calculator — CMHC premiums for down payments under 20%
- Mortgage Stress Test Calculator — Check your qualification
- Mortgage Rates — Current mortgage rates
More housing market reports
- Alberta Housing Market — Provincial overview including all Alberta regions
- Calgary Housing Market — Alberta’s largest market, ~37% higher average prices
- Winnipeg Housing Market — Neighbouring prairie market
- Saskatoon Housing Market — Central prairie market
- Canada Housing Market Overview — National trends, prices, and provincial comparisons
- First-Time Home Buyer Guide — Programs, incentives, and step-by-step buying process
Data Sources
The housing market data in this report is sourced from: