Edmonton's residential real estate market, after a period of significant activity, is projected to enter a phase of moderated growth in 2026. While sales volume is expected to decline from recent peaks, overall market activity is forecast to remain robust, staying above long-term historical norms, according to industry experts and a major national report.
Sales Slowdown from Record Highs
Tom Shearer, broker and owner of Royal LePage Noralta Real Estate, anticipates residential transactions in Edmonton will range between 25,000 and 26,000 for the coming year. This represents a noticeable cooldown from the record-setting pace of 2024, which saw 28,579 resales in the Greater Edmonton Area.
"This year might feel to some like the market is slipping, but it's still one of the busiest we've ever experienced," Shearer noted. By the end of November 2025, the region had already recorded 25,530 resales, a figure that still surpasses the annual transaction volumes common in years prior to 2024, when markets struggled to exceed 24,000 sales.
Steady Price Growth Forecast
Despite the expected easing in sales volume, property values are predicted to continue their upward trajectory, albeit at a more modest pace. The recent forecast from Royal LePage projects the average aggregate price for homes in Edmonton will grow by two per cent in 2026, reaching approximately $480,930.
The demand is not uniform across all housing types. Single-family detached homes, which remain the most sought-after property type, are forecast to see stronger price appreciation. Royal LePage estimates the average price for a detached home will climb by four per cent to $542,568.
In contrast, the condominium segment is expected to experience much tepid growth, consistent with its historical performance. The report estimates a modest one per cent gain, bringing the average condo price to $207,454.
Edmonton Outperforms National Trends
Edmonton's market outlook appears more resilient than the national forecast. Across Canada, Royal LePage predicts the average price for condominiums will actually decline by 2.5 per cent to $563,918. The national aggregate price is projected to rise just one per cent to $823,016, while the average single-family detached home price is expected to increase two per cent to $876,934.
Don Kottick, president of Re/Max Canada, points to affordability as a key driver differentiating Edmonton from larger, more expensive markets. "Affordability is still a major driver," he stated, noting that Edmonton's relatively accessible price points have supported sustained activity. This comes as prices in major markets like Toronto have softened; the Re/Max report notes Toronto's average price fell more than four per cent from January 1 to October 31, 2025, with a further 3.5 per cent decline forecast for the following year.
In summary, the Edmonton real estate market is poised for a year of normalization in 2026. The frenetic pace of sales is set to slow, but a foundation of solid demand, underpinned by comparative affordability, is expected to support steady price growth and maintain activity levels well above the historical average.
