Edmonton home prices in 2026 may let your wallet breathe a sigh of relief
Edmonton home prices are expected to see only modest growth in 2026, with the latest Royal LePage report forecasting slight increases across all housing types as the city settles back into a more traditional real estate cycle.
In Edmonton, the aggregate price of a home in the fourth quarter of 2026 is projected to rise 2 per cent year over year to $480,930. Single-family detached homes are expected to see the highest increase, with the median price rising four per cent to $542,568, while condo prices are forecast to increase just one per cent to $207,454.
“While the market felt particularly strong coming into this year, momentum heading into 2026 feels more subdued – a return to a traditional real estate cycle we haven’t had in nearly a decade. Overall, sales volume will have been lower in 2025 compared to 2024, with similar levels expected next year. This reflects a market that is stabilizing after years of fluctuation,” said Tom Shearer, broker and owner at Royal LePage Noralta Real Estate.
“From the economic challenges of the 2015–2019 period to the accelerated activity brought on during the COVID era, we’re finally back to typical market conditions. Looking ahead, home prices are expected to increase modestly next year.”
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Shearer added that Edmonton remains one of the most affordable major markets in the country, with demand primarily driven by local buyers, especially for entry-level homes like townhouses and condos.
“The wave of buyers who moved here in recent years because of the city’s affordability has tapered. The current buyer pool includes more demand from those who want to feel secure in their employment before making a move. Still, there is a sense of confidence in the market. Buyers are not concerned about overpaying and view home purchases as stable, long-term investments,” said Shearer.
“As consumers closely watch provincial policy decisions, alongside federal investment in the province’s oil and gas sector, Edmonton continues to demonstrate resilience and upward potential. Balanced conditions and steady demand next year will reinforce the region’s position as a stable and reliable place to own a home.”
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Nationally, Royal LePage forecasts the aggregate price of a home in Canada will increase by one per cent in the fourth quarter of 2026.
Single-family detached prices are expected to rise two per cent year over year in Q4 of 2026, while condos are projected to decline 2.5 per cent over the same period.
Home prices in most major Canadian markets are expected to rise, except for Canada’s most expensive cities. The Greater Toronto Area is forecast to see a 4.5 per cent drop, while Greater Vancouver is projected to decline by 3.5 per cent.
Quebec City is expected to lead the country in price growth next year, with the aggregate home price expected to rise 12 per cent. Regina is also projected to see a substantial gain of four per cent in home prices over the same period, while Ottawa, Calgary, Halifax and Winnipeg are expected to see prices rise no more than two per cent in 2026.
“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. We saw steady, incremental growth in sales activity in the back half of the year – a clear sign that those who put major decisions on hold are ready to move forward in 2026,” added Phil Soper, president and chief executive officer at Royal LePage.
Are you looking to buy a home in Edmonton in 2026? Let us know in the comments.