Condo prices in Edmonton haven't seen a spike over the past 10 years
The real estate market in Edmonton has seen some major swings over the years, but condo prices have barely budged in the city.
Canadian real estate company Zoocasa looked at Canada’s most profitable condo-apartment markets, and Edmonton was one of the few major cities in the country to see prices remain relatively flat from 2015 to 2025.
The most profitable cities in the country during that time frame was London St. Thomas, with a 213.21 per cent increase as average home prices rose from $128,800 to $403,416. Saint John followed with a 143.55 per cent spike.
The report found that markets across the Prairies were all over the map, with our pals down in Calgary seeing prices decline in the early years but recover after 2021, rising to $335,300 by 2025, a 23.7 per cent increase over the decade.
Saskatoon stood out for its late surge, gaining 52 per cent between 2024 and 2025, “driven by renewed demand and overdue pricing corrections,” according to Zoocasa.
Edmonton struggled throughout much of the decade examined, with its benchmark price dropping from $213,300 in 2015 to $176,000 by 2023, before experiencing a slight recovery to $208,000 by 2025.
The lack of price growth is likely due to high inventory from new builds and ample land availability for further expansion, the report added.
Zoocasa
While we are on the topic of real estate, check out these three areas in Edmonton that have the lowest detached home prices, or three nearby areas with lower detached home prices than in Edmonton.
If you are just looking to admire some beautiful properties, this home overlooking Fort Edmonton Park is stunning, and it just saw a $200,000 price cut, too.