Edmonton's luxury housing market is starting to gain steam
Edmonton’s housing market stayed relatively steady this spring, but one segment is seeing much stronger momentum.
A new report from Royal LePage shows the aggregate price of a home in the Edmonton region dipped just 0.4 per cent year over year to $482,400 in the second quarter of 2026, while prices increased 2.1 per cent compared with the previous quarter.
At the same time, the brokerage says the city’s luxury market is gaining steam as buyers pay a premium for homes in established neighbourhoods.
The median price of a detached home was essentially unchanged year over year, rising just 0.1 per cent to $531,700. Condo prices, meanwhile, fell 3.7 per cent to $209,600.
- You might also like:
- Massive 30,000 sq. ft. bowling alley in the works for Edmonton shopping plaza
- Severe thunderstorms target Alberta Tuesday with giant hail and tornado risk
- Alberta Energy Rebate applicants nearing two-week deadline for $100 payment
“Despite softer sales levels compared to 2025, home prices have held reasonably steady. The spring market got off to a slow start, with peak activity shifting later into May and June as economic uncertainty and a prolonged winter kept many buyers on the sidelines,” said Tom Shearer, broker and owner, Royal LePage Noralta Real Estate.
“First-time buyers and newcomers remain an active presence in the market, many drawn to the city for employment opportunities and its relative affordability. Move-up buyers are also becoming increasingly active, particularly among those who purchased during the post-pandemic era and are now outgrowing their space.”
While much of Edmonton’s housing market has remained relatively flat, Shearer said the city’s luxury segment has been gaining momentum.
He said buyers are increasingly willing to pay more for homes in established neighbourhoods, where major renovations and redevelopment are helping boost property values.
Shearer expects activity to slow gradually through the summer rather than fall off sharply, with demand carrying into the early weeks of the third quarter.
“Given the softer spring, that carried-over demand will likely translate into a busier fall market as buyers who held back earlier in the year finally make their move,” he said.
Nationally, the aggregate price of a home in Canada decreased 1.4 per cent year over year to $814,900 in the second quarter of 2026.
Royal LePage
Royal LePage forecasts the aggregate price of a home in Canada will increase two per cent in the fourth quarter of 2026, compared to the same quarter last year.