Edmonton home prices dip slightly as market cools, report finds

EDMONTON · A Royal LePage report shows the aggregate price of a home in the Edmonton region was $479,500 in the third quarter of 2026. That figure is a 0.7 per cent increase from the same period last year but a 0.6 per cent decrease from the previous quarter. The median price for a detached home rose 0.5 per cent year over year to $529,600. Condo prices increased 0.6 per cent to $207,700 over the same period.

Tom Shearer, broker and owner with Royal LePage Noralta Real Estate, said the market lost momentum after a strong start to the summer. "Edmonton entered the summer with solid momentum, but activity softened through the remainder of the season," Shearer said. He cited slower in-migration, regional flooding and reduced buyer urgency as factors in the slowdown. Increased housing inventory compared to last year has also given buyers more choice, moving the market toward a more balanced state.

Shearer noted that home prices have shown little change from last year or the prior quarter, indicating relative stability. The increased supply means buyers face less pressure to make quick decisions. "Heading into the fall, we expect the market to continue moving toward balance, with prices holding firm or easing slightly," added Shearer. He anticipates steadier sales and a healthier balance between buyers and sellers in the first half of 2027. Royal LePage predicts the aggregate home price in Edmonton will rise 2.0 per cent in the fourth quarter of 2026 compared to the same quarter last year. Nationally, the aggregate home price fell 0.8 per cent year over year to $810,000 in the third quarter. The company forecasts a 1.0 per cent national price increase for the fourth quarter of 2026 compared to the same period in 2025.

With files from Daily Hive