January 18, 2026
Edmonton’s housing market ended 2025 with a clear two-speed story: overall prices moved higher, but condos moved the other way. New data from WOWA’s December 2025 Edmonton housing market report shows the average home price rose month over month and year over year, even as transaction volume fell and apartment prices posted a sharp drop.
For buyers, that mix matters. It suggests demand is still alive in key segments (especially detached), but affordability and investor math are pressuring the condo market.
Edmonton’s Headline Numbers For December 2025
WOWA reports the average home price in the Edmonton area hit $454,981 in December 2025, up 1.8% month over month and 4.5% year over year. The benchmark price (typical home) was $415,300, up 2.8% year over year and essentially flat from November.
That combination – rising annual prices with a flat benchmark month over month – points to stability in the “typical” home, with some upward pull from the mix of what sold.
The Shock Stat: Edmonton Condo Prices Dropped Hard
The biggest standout in WOWA’s breakdown is condos.
- Apartment average price: $193,577, down 5.7% month over month and 5.1% year over year.
- Condo median price: $174,150, down 7.8% month over month and 9.3% year over year.
That is a meaningful reset in the most “entry-level” segment – and it is happening while detached prices are still climbing.
Detached Homes Are Still Pushing Higher
Detached is moving in the opposite direction from condos.
- Detached average price: $566,552, up 2.3% month over month and 4.9% year over year.
- WOWA also shows the detached benchmark price at $508,500, up 6.9% year over year.
This is the pattern we keep seeing in Alberta’s major markets: family-style product holds up better, while smaller investor-leaning product can soften faster when the math gets tight.
Sales Fell, But The Market Still Reads “Balanced”
Even with price growth, activity cooled.
WOWA reports 1,315 residential transactions in December 2025, down 20.5% month over month and 7.9% year over year. At the same time, it estimates 3.4 months of supply, which generally sits in balanced territory.
A “balanced” label with falling sales is still important: it signals Edmonton is not acting like an overheated frenzy market right now – but it is also not collapsing. It is rotating.
Inventory Is Higher Year Over Year (Even After A Big Seasonal Drop)
WOWA shows inventory ended December at 4,517 units, down 24% month over month (seasonal), but up 29% year over year.
That year over year inventory lift is a big piece of why condo pricing is under pressure: more choice tends to cool urgency, especially in segments where buyers can wait.
Edmonton’s Biggest Advantage Is Still Affordability
WOWA notes Edmonton remains the most affordable among Canada’s six largest population centres – and the numbers support that.
With a benchmark around $415K, Edmonton continues to sit in a different affordability universe than the country’s largest, most expensive markets. That affordability gap is a major demand backstop, especially if interprovincial migration stays strong into 2026.
Related OHM Coverage
- Edmonton Housing Market Forecast 2026
- Housing And Interest Rate Forecasts For 2026
- Canadian Rental Vacancies Soar, But Rents Still Outpace Wages
What This Signals for Edmonton Buyers and Sellers
Edmonton is entering 2026 with steady overall pricing, softness in condos, and balanced conditions that give both sides more room to negotiate than peak-cycle markets.
If this split market continues, the key story to watch is whether condo weakness spreads – or stays contained while detached and ground-oriented homes keep climbing. Either way, Edmonton’s affordability advantage remains the reason it keeps showing up on buyer shortlists nationwide.
References
WOWA. (2026, January 14). Edmonton housing market report: Jan. 14th, 2026 update. https://wowa.ca/edmonton-housing-market
WOWA. (2026, January 16). Best mortgage rates Canada (compare 40+ lenders). https://wowa.ca/mortgage-rates
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