This page has been updated with data released in June 2025 for the May 2025 period.
The average home prices in Edmonton saw an month-over-month decrease of -1.4% and 5.2% year-over-year increase with an home price of $464,000 in May 2025 across all home types. New listings increased 27.8% to 4,917 in May 2025.
Home prices in Edmonton
These are the average and median home prices in the Greater Edmonton Area (GEA) based on the home type for May 2025:
| Home Type | Average Price | Median Price |
|---|---|---|
| All Residential | $464,000 | $444,000 |
| Detached | $580,000 | $533,000 |
| Semi-Detached | $440,000 | $435,000 |
| Row/Townhouse | $307,000 | $310,000 |
| Apartment Condominium | $214,000 | $199,000 |
This table shows the average and median home price by home type in the City of Edmonton for May 2025:
| Home Type | Average Price | Median Price |
|---|---|---|
| All Residential | $431,000 | $416,000 |
| Detached | $561,000 | $524,000 |
| Semi-Detached | $439,000 | $436,000 |
| Row/Townhouse | $301,000 | $299,000 |
| Apartment Condominium | $208,000 | $195,000 |
Rent prices in Edmonton
In May 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 May 2025:
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 | $464,000 | $460,304 | $128,220 |
| Detached | $580,000 | $568,880 | $154,004 |
| Semi-Detached | $440,000 | $437,840 | $122,885 |
| Row/Townhouse | $307,000 | $313,352 | $93,321 |
| Apartment Condominium | $214,000 | $226,304 | $72,649 |
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 | $444,000 | $441,584 | $123,774 |
| Detached | $533,000 | $524,888 | $143,557 |
| Semi-Detached | $435,000 | $433,160 | $121,774 |
| Row/Townhouse | $310,000 | $316,160 | $93,988 |
| Apartment Condominium | $199,000 | $212,264 | $69,315 |
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 May 2025:
| Metric | Value | Year-over-Year Change |
|---|---|---|
| Total Sales | 2,965 | +4.8% |
| New Listings | 4,917 | +27.8% |
| Active Inventory | 8,612 | +52.3% |
| Average Days on Market | 34 | +6 days |
| Sales-to-New-Listings Ratio | 60.3% | -12.4 pp |
| Average Price | $464,000 | +5.2% |
While inventory has risen substantially, sales remain healthy and average prices continue to climb. The SNLR of 60% indicates a balanced market that slightly favours sellers, though conditions are easing from the tighter market of the previous year.
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) | $1,165,300 | $286,589 |
| Toronto (GTA) | $1,022,143 | $215,828 |
| Calgary | $616,686 | $163,500 |
| Edmonton | $464,000 | $128,220 |
An Edmonton household requires approximately $35,000 less income than a Calgary household and roughly $90,000–$160,000 less than Toronto or Vancouver households to afford an average home. This affordability extends across all property types — a detached home in Edmonton ($580,000) 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 $464,000 home would be approximately $5,725, or Toronto where the combined provincial and municipal tax would be over $9,400.
- 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
Home prices are updated based on data released by the Realtors Association of Edmonton (RAE).