Modest Home Price Growth Expected in Edmonton for 2026

Edmonton’s housing market is set to experience modest growth in 2026, according to a recent report from Royal LePage. The forecast indicates that the aggregate price of homes in the city will rise by approximately 2 percent, reaching an estimated $480,930 in the fourth quarter. This marks a return to more traditional real estate cycles after several years of significant fluctuation.

The report highlights that single-family detached homes are expected to see the most considerable increase, with the median price projected to climb 4 percent to $542,568. In contrast, condo prices are estimated to rise slightly by 1 percent, reaching $207,454.

Market Stabilization and Local Demand

Tom Shearer, broker and owner at Royal LePage Noralta Real Estate, noted that the market’s momentum heading into 2026 feels subdued compared to previous years. “While the market felt particularly strong coming into this year, we’re finally back to typical market conditions,” Shearer explained. He emphasized that 2025 saw lower sales volume compared to 2024, with similar trends anticipated for the upcoming year.

Shearer attributed the current state of the market to several factors, including economic challenges faced between 2015 and 2019 and the heightened activity during the COVID-19 pandemic. “The wave of buyers who moved here in recent years because of the city’s affordability has tapered,” he added. Demand is now primarily driven by local buyers, particularly for entry-level homes such as townhouses and condos.

Despite a more cautious buyer pool, Shearer expressed confidence in the market. He indicated that buyers are not overly concerned about overpaying and view home purchases as stable, long-term investments.

National Trends and Regional Comparisons

The report also outlines national trends, predicting a 1 percent increase in the aggregate price of homes across Canada by the end of 2026. Prices for single-family detached homes are expected to rise by 2 percent, while condo prices may decline by 2.5 percent during the same period.

Most major Canadian markets are predicted to see price increases, with notable exceptions in the country’s more expensive cities. The Greater Toronto Area is expected to experience a 4.5 percent drop, while Greater Vancouver may see a 3.5 percent decline. Conversely, Quebec City is projected to lead in price growth, with an anticipated 12 percent increase.

Phil Soper, president and chief executive officer at Royal LePage, commented on the shifting market dynamics, stating, “2025 forced us to recalibrate. Indications are that Canadians are now increasingly adapting to the noise from Washington, and confidence at home is holding firm.” He noted a steady, incremental growth in sales activity, suggesting that those who postponed major decisions are ready to move forward in the new year.

As Edmonton continues to demonstrate resilience, the combination of balanced market conditions and steady demand is expected to solidify its position as a stable and reliable place for home ownership.