Edmonton’s housing market continues to outperform much of Canada’s cooling real estate sector, according to the Royal LePage 2025 Market Survey Forecast.
Despite slower national trends, the Alberta capital is expected to remain one of the country’s strongest resale markets by the end of the year.
Edmonton Home Prices Still Rising in 2025
The forecast predicts that Edmonton’s aggregate median home price will reach approximately $479,000 by the end of 2025, representing a 4% increase.
However, some local experts believe that growth projection may be slightly optimistic.
“If you look at the entire year as a whole, a four per cent increase does seem a bit unrealistic,” says Tom Shearer, broker and owner of Royal LePage Noralta Real Estate. “The market just keeps on surprising me, whenever it seems to slow down, we see new bursts of activity.”
Even as demand has cooled since 2024, the average home price in Edmonton rose nearly 3% in September 2025 to around $453,000, according to the Realtors Association of Edmonton.
Shifts Across Edmonton’s Housing Segments
While total sales dropped almost 8% from August, inventory grew by 26% year-over-year, indicating that buyers have more options than they did in 2024.
Here’s how each housing segment performed as of September 30, 2025:
- Single-family detached homes: $554,000 average price, up 0.2% year-over-year
- Semi-detached homes: $434,000, up 5%
- Row homes: $304,000, up 3%
- Condominiums: $207,000, up 3%
“Edmonton still has one of the most competitive condo markets in Canada because prices are so low,” says Carrie Lysenko, CEO of Zoocasa.
She adds that even with slight price increases, Edmonton’s condos remain far more affordable than in smaller Ontario cities such as Kitchener, where the average condo price is around $400,000.
Edmonton’s Market Compared to the Rest of Canada
While Quebec City is expected to see the highest price jump in the country (up 15% to $461,000), Edmonton’s affordability and resilience continue to make it an attractive choice for both buyers and investors.
By comparison, Toronto and Vancouver are forecast to see median prices decline by 3% and 2%, respectively, by the end of 2025. The national aggregate price is projected to rise just 1%, reaching about $828,000.
“Edmonton is still incredibly affordable compared to other parts of Canada,” Shearer says. “Interprovincial migration continues to support our market, even if demand has softened from last year.”
Outlook for the Rest of 2025
Experts predict that Edmonton’s housing market will likely stay in a holding pattern for the remainder of 2025 unless a new catalyst appears.
“Really good economic news could revive the market into growth,” Shearer explains. “But even without that, I don’t expect things to get worse, stability is the most likely scenario.”
Despite national uncertainty, Edmonton’s combination of affordable housing, growing job opportunities, and steady migration continues to make it one of Canada’s most reliable real estate markets.
Source: Edmonton Journal, Royal LePage Market Survey Forecast, Zoocasa, Realtors Association of Edmonton
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