How much house can you afford in Edmonton?
Greater Edmonton Area (GEA) average home price is $470,819 as of March 2026, up 2.2% year-over-year. The MLS HPI composite benchmark was $417,400 in July 2026 (+0.3% YoY), with single-family homes leading gains (+1.0%) while townhouses (-2.2%) and apartments (-1.8%) softened. With active inventory up 31.6% year-over-year and sales down 14.0%, Edmonton is a balanced market across every property type – a notably different pattern from Calgary, where conditions are split sharply between a tight detached segment and a soft apartment segment.
Edmonton affordability by property type
| Property Type | GEA Average (March 2026) | YoY | Income Required (20% DP) |
|---|---|---|---|
| Apartment Condo | $212,054 | -2.8% | $59,775 |
| Row/Townhouse | $307,666 | -2.2% | $78,188 |
| Semi-Detached | $436,997 | +1.6% | $103,088 |
| All Residential | $470,819 | +2.2% | $109,613 |
| Detached | $590,162 | +2.5% | $132,638 |
Income assumes 3.89% rate, 25-year amortization, 32% GDS, $354/mo tax, $150/mo heat.
Edmonton vs Calgary: two different kinds of market right now
Both Alberta cities have healthy inventory growth, but the pattern underneath is different. In Calgary, the growth is concentrated in apartments (4.9 months of supply, benchmark down 8.37% YoY) while detached stays tight (2.9 months, nearly flat). In Edmonton, inventory is up broadly (+31.6% YoY) without one property type standing out – detached and semi-detached are still gaining modestly (+2.5% and +1.6%) while townhouse and apartment prices have eased only slightly (-2.2% and -2.8%). The practical difference: a Calgary buyer’s negotiating power depends heavily on which property type they want, while an Edmonton buyer gets more consistent, broad-based negotiating room regardless of 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 $60K income covers the average apartment.
Edmonton vs Calgary – the Alberta comparison
| Factor | Edmonton | Calgary | Difference |
|---|---|---|---|
| Average price | $470,819 | $629,855 | Edmonton $159K cheaper |
| Detached avg | $590,162 | $799,229 | Edmonton $209K cheaper |
| Condo avg | $212,054 | $334,200 | Edmonton $122K cheaper |
| Income needed (avg) | $109,613 | $140,245 | Edmonton $31K less |
| Transfer tax | ~$200 | ~$200 | Same |
| Market pattern | Broadly balanced | Split by property type | Different dynamics |
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 | $470,819 | $1,003,956 | $1,088,800 |
| Income required | $109,613 | $212,318 | $228,664 |
| Transfer tax | ~$200 | ~$30,958 | ~$19,800 |
| Income savings | — | $102,705/yr | $119,051/yr |
Ontario’s LTT on a $470,819 home would be roughly $5,800. Toronto’s combined LTT on its average home is over $30,000. In Edmonton, it’s about $200.
Edmonton rent data
For those comparing renting vs buying, the most recently available data showed average rents of $1,117 for a 1-bedroom and $1,820 for a 2-bedroom:
| 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 condo prices, buying can cost less per month than renting in Edmonton – one of the few major Canadian cities where this is true.
Edmonton market conditions – March 2026
| Metric | Value |
|---|---|
| Average price (GEA) | $470,819 (+2.2% YoY) |
| Benchmark (July 2026) | $417,400 (+0.3% YoY) |
| Total sales | 2,133 (-14.0% YoY) |
| New listings | 3,809 (+4.2% YoY) |
| Active inventory | ~6,200 (+31.6% YoY) |
| Sales-to-new-listings ratio | 56% |
| Market condition | Balanced across all property types |
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 can be lower than renting
- Broad-based negotiating room – Unlike Calgary, Edmonton’s softening isn’t concentrated in one property type
- $31K/yr less income than Calgary – Same Alberta advantages at a lower price point
- Inventory is building – +31.6% active listings means more choice and less urgency
- Compare mortgage rates – Shop aggressively across national and local lenders
First-time buyer programs in Edmonton (Alberta)
| Program | Benefit | Notes |
|---|---|---|
| No land transfer tax | $0 LTT – saves thousands vs other provinces | Biggest FTB advantage in Alberta |
| FHSA | Up to $40,000 tax-deductible savings | $8,000/year limit |
| RRSP Home Buyers’ Plan | Up to $60,000/person ($120,000/couple) | Repay over 15 years |
| CMHC insurance | 5% minimum down on homes under $1.5M | Common for Edmonton detached |
| GST New Housing Rebate | Partial rebate on new construction | Only 5% GST (no PST in Alberta) |
Edmonton’s average price of $470,819 with 20% down requires approximately $109,613 in gross household income – achievable for many dual-income Edmonton households, particularly in government, oil and gas, healthcare, and education sectors.
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