Edmonton Real Estate Market Update

Maninder Grewal
March 2026

February gave us a clear sign that the spring market is starting earlier this year. Activity across the Edmonton area picked up noticeably, with more homes selling and more properties coming onto the market.

Here is what happened in February and what it means if you are thinking about buying, selling, or investing.

 
What Happened in February
The Edmonton market saw a strong jump in activity.

• 1,606 homes sold, which is about 40% more than January
• 3,020 new listings came on the market
• Total active listings increased to 5,462 homes

Prices remained steady with slight growth.

• Average home price: $454,801
• Median home price: $432,250

Homes also started selling faster.

• Average days on market dropped from 59 days to 45 days

In simple terms, the market is becoming more active as we move into spring.
 
What This Means for Buyers
Buyers now have more options than earlier in the year because new listings are increasing.

However, the best homes are still selling quickly.

Well-priced homes that are move-in ready are seeing strong interest, and in some cases multiple offers.

What buyers should do now

• Get pre-approved for a mortgage
• Be ready to view homes quickly
• Be prepared to make a decision when the right home appears

Waiting too long on good homes can mean missing out.

 
What This Means for Sellers
The market is active again, which is good news for sellers.

More buyers are looking, but more homes are also coming on the market, which means pricing and presentation matter.

Homes that are priced properly and marketed well are attracting strong interest.

The best results usually come from

• Accurate pricing based on recent sales
• Professional marketing and presentation
• A strategy for handling offers

The first 7–10 days on the market are usually the most important.

 
A Note on Condos
Condo prices were slightly softer compared to other property types.

The average condo price in February was around $212,000.

Because of their affordability, condos are becoming attractive again for:

• first-time buyers
• investors
• people looking for lower monthly costs

 
For Investors
Edmonton continues to attract investors because of its relatively affordable home prices and solid rental demand.

Average rents in the city are approximately:

• $1,300 for a one-bedroom apartment
• $1,600 for a two-bedroom apartment

At the same time, there are a large number of new apartment units being built, which means investors should focus on buying the right property rather than simply expecting prices to rise.

The best opportunities usually come from properties where improvements or better management can increase value.

 
Interest Rates
The Bank of Canada currently has its policy rate at 2.25%.

Interest rates continue to play a big role in affordability, especially for buyers renewing mortgages or purchasing with variable rates.

The next rate announcement is scheduled for March 18, 2026.

 
The Big Picture
Overall, the Edmonton market is moving into the spring season with stronger momentum.

Sales are increasing, homes are selling faster, and prices are holding steady.

For buyers, this means acting decisively on the right home.

For sellers, it means the opportunity is there, but success depends on pricing and strategy.

 
If You're Thinking About Making a Move
Every neighbourhood and property type behaves a little differently.

If you are considering buying, selling, or investing this year, I would be happy to provide a quick strategy based on your goals and the current market.

You can always reach me at:

Maninder Grewal
780-205-0532
[email protected]

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