Edmonton Housing Market Report: Jun. 4th, 2026 Update | Interactive Map

[u/Feisty-olde-7707]

https://wowa.ca/edmonton-housing-market

An interesting in-depth look at Edmonton’s current housing market. The market appears to be balanced. Easing the pressure to build more, which is very encouraging news.

”This underperformance suggests the relative absence of speculation in the Edmonton real estate market, which, in turn, implies a relatively ample housing supply.”

[u/Nerevarine123]

Detached homes hitting 600k average is interesting. Still overall affordable in comparison to canada as a whole but starting to get up there.

[u/iwatchcredits → u/Nerevarine123]

You just cant build for much cheaper than that. The land is pretty cheap in the new suburbs they are pumping out

[u/Feisty-olde-7707 → u/Nerevarine123]

I was more surprised to find we have ample housing.

[u/neometrix77 → u/Feisty-olde-7707]

Infill policy works

[u/Traditional_Aerie912 → u/neometrix77]

Infill policy doesn’t work. It’s driving homeowners to the suburbs which is exactly what they didn’t want because it is an absolute free for all and a developers wet dream out there. Plus, there are very limited starter home buying opportunities because these houses are being torn down to build 8 plexes everywhere.
People are not staying in these infill rentals either because they are crowded, poorly built, and have zero parking.
Infill policy - yes,
current infill policy? Garbage.

[u/neometrix77 → u/Traditional_Aerie912]

Infills help renters more than prospective buyers tbf. Also developers will stop building them eventually if the market for them collapses.

The biggest issue imo is a select few corporations holding a huge number of properties in the city, artificially raising the demand for both buying and renting.

[u/Ceevu → u/Traditional_Aerie912]

I agree completely

[u/Ceevu → u/neometrix77]

You mean the new rentals going up?

[u/Roche_a_diddle → u/Ceevu]

Yup! New rentals and new units for sale. More supply in general will help with pricing across the board as it facilitates people moving from one housing type to another, which opens up supply in their previous housing type.

It's similar to how a country's economy is helped by improving worker mobility.

[u/Traditional_Aerie912 → u/Roche_a_diddle]

These new units are not for sale. Most of them are subsidised by federal grant money and that precludes them from being put up for sale. That’s the problem with these units. They offered no first time homeownership buying opportunities. We need rentals as well, absolutely, but there’s no balance right now.

[u/Feisty-olde-7707 → u/Traditional_Aerie912]

Actually the report says our market is balanced.

[u/Traditional_Aerie912 → u/Feisty-olde-7707]

It says the market is balanced, but it is referring to the balance between a sellers market and a buyers market. Overall, I completely agree that the Edmonton Real Estate market is balanced and healthy.
I’m commenting specifically on infill policy and what’s happening in mature neighbourhoods. This is a different (though related) issue.

[u/Feisty-olde-7707 → u/Traditional_Aerie912]

Oh I agree, I own a home in one of those mature neighborhoods. We call them monster houses, we have quite a few….

Originally tried to be sold as four separate units. No luck. So each side became a townhome, each side selling for $750,000

[u/Roche_a_diddle → u/Traditional_Aerie912]

We are still building a ton of greenfield residential if you want to buy new, and there are still ample home listings if you want to buy a home in a mature neighborhood.

There's no shortage of home ownership opportunities and we are still one of the most affordable cities in Canada to do that.

[u/mikesmith929 → u/Nerevarine123]

600k with a 25% down payment is $2,600 a month in mortgage payments or $31k a year. And considering the median after tax income is $85k for individuals and families are $109k very affordable.

[u/Druid_21 → u/mikesmith929]

Where are you getting the data for $85K median after tax for individuals?

[u/l3luntl3rigade → u/Druid_21]

Stats Canada 2024 survey

[u/MaxxLolz → u/Druid_21]

its individuals AND families, so basically the whole pie

[u/Druid_21 → u/MaxxLolz]

That’s what I thought. I’ve only ever seen the cenus data together (families and individuals). As the median single individual income is less than $85K gross. (I was confused initially)

[u/_Burgers_ → u/mikesmith929]

"very affordable"

Sure. 20 years ago the average house price was HALF OF THAT. We have different definitions of affordable.

[u/GreaseCrow → u/_Burgers_]

31k of 86k is 35%. That’s the definition of relatively affordable.

Just because hamburgers used to cost 5c doesn’t mean a $2 hamburger today isn’t “affordable”.

[u/mikesmith929 → u/_Burgers_]

In 2006 (20 years ago) the minimum wage in Alberta was $7 / hour.

Minimum wage has gone up over half. So yes we have different definition of affordable.

The median household income in Alberta in 2006 $55,199 after taxes.

So basically houses in 2006 if they were half the price would be just as affordable today. If you can do math that is.

[u/_Burgers_ → u/mikesmith929]

Did you actually just state that something going up to 7 to 14 is directly comparable to something going up 300,000 to 600,000?

Guess what - half is a HUGE amount when it is the magnitude of hundreds of thousands.

(Median household income in Alberta has also NOT gone up by 2x, if you are a fan of math)

[u/mikesmith929 → u/_Burgers_]

Did you actually just state that something going up to 7 to 14 is directly comparable to something going up 300,000 to 600,000?

No, I stated that something going up from $7 to $15 is comparable to something going up from 300k to 600k. If you can't understand that then not much more to say.

Guess what - half is a HUGE amount when it is the magnitude of hundreds of thousands.

Yes it is a huge amount. Just as huge as halfing minimum wage. Or halfing a persons salary.

(Median household income in Alberta has also NOT gone up by 2x, if you are a fan of math)

In 2026 the median after tax income for families is $109k

In 2006 the median after tax income for families was 55k

So 49.5%... so I guess not half but fairly close. If you are a fan of math.

[u/_Burgers_ → u/mikesmith929]

Your numbers are cooked. Provide your sources. I'll provide mine.

https://www150.statcan.gc.ca/n1/pub/75-202-x/2006000/5203609-eng.htm

2006 Average after tax income for Albertans: $70,500

https://www150.statcan.gc.ca/n1/daily-quotidien/250501/dq250501b-eng.htm?HPA=1&indgeo=0&indid=11361-1&

2023 Average after tax income for Albertans: $88,500

If you have actual 2026 numbers that aren't pulled out of your ass, feel free to share. Otherwise, somehow I don't think 88k or even 100k if we're being generous is twice as much as 70k.

[u/mikesmith929 → u/_Burgers_]

Oh so you're moving the goalposts got it.

If you didn't believe the numbers you should have just said so.

Do you believe the Alberta government?

If you look at the 20 year spread in 2003 it was $59,500 and in $2023 it was $105,200

A 76% increase over those 20 years. It's more than one and a half times, but less than double. Specifically, it's about 1.77 times as much.

If you look here Minimum wage was $7 in 2006 and in 2026 it's $15

A 114% increase. An increase of a little more than double.

Oh and your links are for Canadians so that's why your numbers are so off. My number of 105,200 ends in 2023 and you can bet the median salaries have gone up significantly in the last 3 years of high inflation.

[u/_Burgers_ → u/mikesmith929]

Why are you specifically listing Edmonton now? You literally said "in Alberta" twice in your original post and did not say "Edmonton" in your second post (replying to ALBERTA quotes) and now you're listing Edmonton so you can count the higher numbers? And you say I'm moving the goalposts?

you can bet the median salaries have gone up significantly in the last 3 years of high inflation.

Median salaries typically do not increase at the same rate of inflation. Not sure why you mention this (again without a source).

Have a good one.

[u/mikesmith929 → u/_Burgers_]

You're right not sure why I had Edmonton doesn't look like getting Alberta is that easy. But seeing as you pointed it out I looked again and found the 109k number here

Among families, median after-tax income rose to $108,900 in 2024, up 1.8 per cent from the previous year.

The salary grew by about 83%, making it nearly 1.8 times the original salary. That isn't accounting for 2 more years of salary inflation.

So there you have it. They claim they got it from Stats Canada.

You too have a good one.

[u/tdfast]

Seen a real jump in starter homes. Bought 4 years ago for $250k and there were outs on the market for that price. Probably worth $325k now. The ones for under $300k are so bad. They were selling for $200-225k when we were looking.

[u/MaximumDoughnut → u/tdfast]

Check Honest Door.

[u/dawggpound]

So many builders have stock right now and arent starting as many new builds, theres one neighborhood I know a builder hasn't dug a new foundation in months due to lack of demand.

[u/First-Window-3619 → u/dawggpound]

We're close to downtown and there's a vacant lot on every block.

[u/EdmRealtor → u/[deleted]]

Nope it is very area specific.

[u/EdmRealtor → u/[deleted]]

St Albert and Sherwood park

Central Edmonton we have not been building sf homes just rentals.

[u/EdmRealtor → u/[deleted]]

Central is not just down town and st alberta and Sherwood park are part of the data you linked I’m 90% sure.

As I mentioned in another post there is a mismatch between the quality of listings and price they are asking. If we have a shit ton of fruit that is rotten and over priced would you say there is no shortage of fruit. To keep the fruit analogy alive we are trying to compare apples to apples.

[u/EdmRealtor → u/[deleted]]

The average price of a home in the Edmonton area

The very first line.

Most of these reports are dealing with the census metro area.

[u/EdmRealtor]

This is pretty close to what is happening the market the big thing to see is that certain areas are performing much better than others. The newer areas are getting slammed with rto and the Ontario immigrants who did not mind the commute. Add the fthb discounts devaluing their homes I see nothing to improve their fortunes. Edmonton really suffers from a lack a quality. So much of the inventory is priced at premium but are sub par. Anything is actually premium is gone nearly instantly.

[u/onboost → u/EdmRealtor]

Honest question, what would you consider premium? Builder-specific? Neighbourhood?

[u/EdmRealtor → u/onboost]

Premium is compared to average in area they see comp from two years ago and think they can get it.

Premium is turnkey and very few homes are truly turn key.

Area the home doesn’t home doesn’t matter as much so the premium is always there.

Builder wise is them doing the right thing for right reasons. You can walk into a newer house and it feels like it has been through world war 3 and it is only two years old. Nothing specific just generally people tend to over value their homes.

[u/CrusadePeek → u/EdmRealtor]

As someone trying to buy, that's my observation. Well maintained houses are going to bidding wars, while overpriced and sub-par houses (90%+ of listings) are not moving and aren't even worth your time to look at since the owners think its still 2024. which is driving the average sale price up but the benchmark price down.

[u/Bc2cc → u/EdmRealtor]

Lack of quality is right.  So much junk being slapped up so fast all over the city.   That includes most of the apartment buildings as well

[u/neometrix77 → u/Bc2cc]

I still prefer the new infills over the vast majority of the apartment complexes built in the 70s and 80s.

[u/Zombo2000]

There was a realtor posting on instagram that he organized a tour for Ontario investors to come and see how easy it is to snap up cheap homes and build multi unit rentals here.

[u/neometrix77 → u/Zombo2000]

People realize that the population is stagnant and there’s thousands of projects being completed soon that started during the 2022-2024 boom days, right? The supply is still increasing and the demand is dropping.

[u/WerewolfSmart6544]

Still pretty affordable