How much house can you afford in Edmonton?
Greater Edmonton Area (GEA) average home price is $448,761 as of January 2026, up 2.4% year-over-year. City of Edmonton proper averages $420,000. The benchmark is $415,000 (-1.0% YoY). With 4.3 months of supply and a 46% SNLR, Edmonton is a balanced market.
Edmonton affordability by property type
| Property Type | GEA Average | City Avg | Median | Income Required (20% DP) |
|---|---|---|---|---|
| Apartment Condo | $225,671 | $218,000 | $200,000 | $62,396 |
| Row/Townhouse | $296,227 | $290,000 | $291,000 | $75,998 |
| Semi-Detached | $422,964 | $418,000 | $420,000 | $100,410 |
| All Types | $448,761 | $420,000 | $430,000 | $105,383 |
| Detached | $556,752 | $535,000 | $514,500 | $126,195 |
Income assumes 3.89% rate, 25-year amortization, 32% GDS, $354/mo tax, $150/mo heat.
The condo market is surging — apartment prices jumped 11.4% YoY, the strongest growth of any Edmonton property type.
Edmonton neighbourhood price ranges
| Area | Price Range | Character |
|---|---|---|
| Downtown/Oliver | $200,000–$250,000 | Condos, urban walkable |
| Old Strathcona/Garneau | $400,000–$700,000 | Character detached, university area |
| SW (Windermere, Keswick) | $500,000–$750,000 | New builds, family communities |
| West (Glenora, Crestwood) | $500,000–$1M+ | Premium established |
Downtown condos from $200K make Edmonton one of the most accessible urban cores in Canada. A $62K income covers the average apartment.
Edmonton vs Calgary — the Alberta comparison
| Factor | Edmonton | Calgary | Difference |
|---|---|---|---|
| Average price | $448,761 | $627,776 | Edmonton $179K cheaper |
| Detached avg | $556,752 | $807,186 | Edmonton $250K cheaper |
| Condo avg | $225,671 | $355,934 | Edmonton $130K cheaper |
| Income needed (avg) | $105,383 | $139,895 | Edmonton $35K less |
| Transfer tax | ~$200 | ~$200 | Same |
| Months of supply | 4.3 | 3.2 | Edmonton slightly more balanced |
Edmonton wins on every price metric. Calgary’s premium reflects its energy-sector headquarters, mountain proximity, and stronger recent migration.
Edmonton vs Toronto/Vancouver
| Cost Factor | Edmonton | Toronto | Vancouver |
|---|---|---|---|
| Average home | $448,761 | $1,008,968 | $1,206,180 |
| Income required | $105,383 | $213,376 | $230,944 |
| Transfer tax | ~$200 | ~$31,000 | ~$20,006 |
| Income savings | — | $108,000/yr | $125,000/yr |
Ontario’s LTT on a $448,761 home would be ~$5,475. Toronto’s combined LTT would be >$9,150. In Edmonton, it’s ~$200.
Edmonton rent data — January 2026
For those comparing renting vs buying:
| Type | Monthly Rent | Annual | Buy Equivalent (condo) |
|---|---|---|---|
| 1-bedroom | $1,117 | $13,404 | Condo mortgage ~$950/mo at $200K |
| 2-bedroom | $1,820 | $21,840 | Condo mortgage ~$1,100/mo at $250K |
At current prices, buying a condo costs less per month than renting in Edmonton — one of the few cities where this is true.
Edmonton market conditions — January 2026
| Metric | Value |
|---|---|
| Average price (GEA) | $448,761 (+2.4% YoY, -1.4% MoM) |
| Benchmark | $415,000 (-1.0% YoY) |
| Total sales | 1,151 (-28.0% YoY) |
| Active inventory | 4,901 (+33.0% YoY) |
| Average DOM | 59 days (+10 days) |
| SNLR | 46% |
| Months of supply | 4.3 |
| Market condition | Balanced |
See the Edmonton housing market report for the latest.
Tips for Edmonton homebuyers
- No LTT saves thousands — Money you don’t spend on tax can go to your down payment
- Condos: buy vs rent — At $200K, mortgage payments are lower than renting
- Rising condo market — +11.4% YoY. Entry point won’t stay this low forever
- $35K/yr less income than Calgary — Same Alberta advantages at a lower price point
- Inventory is building — +33% active listings means more choice and less urgency
- Compare mortgage rates — Shop aggressively across national and local lenders
Related calculators
- Edmonton Mortgage Calculator — Estimate your monthly payment
- Alberta Mortgage Rates — Compare current rates
- Edmonton Housing Market — Latest prices and trends
- Alberta Affordability — Provincial overview
- Calgary Affordability — Compare with Calgary