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Edmonton

Why you'd want to live in Edmonton

Edmonton is the most northerly city in North America, and has a metropolitan population of over one million. Though it is the provincial capital, it is the second largest city in Alberta after Calgary. Edmonton is very reliant on cars, so many shopping and entertainment hubs are based in a few key areas, such as South Edmonton Common, Whyte Avenue, West Edmonton Mall, and Jasper Avenue, to name a few. Though Edmonton’s economy, along with the province of Alberta, has met with some challenges in recent years, the diversity of the city’s jobs market means that opportunities are available across sectors for those who are willing to look. Edmonton is located in Alberta, the only province without a provincial sales tax (PST). Edmonton is the major economic centre for northern and central Alberta, and a hub for the oil and gas industry. Economic activity in Calgary is mostly centered on the petroleum industry, agriculture and tourism. Alberta has the lion’s share of Canada’s oil industry. Its reserves – in the form of oil-sands – are estimated to be second only to Saudi Arabia’s. Edmonton traditionally has been a hub for Albertan petrochemical industries, earning it the nickname “Oil Capital of Canada” in the 1940s. Supply and service industries drive the energy extraction engine, while research develops new technologies and supports expanded value-added processing of Alberta’s massive oil, gas, and oil sands reserves. Despite the apparent focus on oil and gas, Edmonton’s economy is one of the most diverse in Canada. Major industrial sectors include a strong technology sector. Much of the growth in the technology sector is due to Edmonton’s reputation as one of Canada’s premier research and education centers. via moving2canada.com

Edmonton Market Report

$597,267

AVERAGE PRICE OF 4,946 HOMES

$2,191,885

AVERAGE PRICE OF 487 MULTI-MILLION DOLLAR HOMES

$755,360

AVERAGE PRICE OF 744 NEWLY BUILT HOMES

$457,039

AVERAGE PRICE OF 701 HOMES WITH A POOL

$533,497

AVERAGE PRICE OF 225 REDUCED PRICE HOMES

Average Home

Average Price $597,267
Avg Bedrooms 2.77 beds
Avg Bathrooms 2.37 baths

Average Price by Bedrooms

1 bedroom $213,492
2 bedrooms $297,043
3 bedrooms $520,162
4 bedrooms $726,089
5 bedrooms $816,645
Edmonton Home Price Trends
  5/2024 4/2024 3/2024 2/2024 1/2024
Total Listings 4,737 4,381 4,058 3,803 1,012
Average Price $624,205 $621,038 $614,523 $606,622 $491,782
Avg Price Change +0.51% +1.06% +1.30% +23.35% +5.00%
Median Price $441,150 $449,727 $447,265 $436,922 $416,791
Med Price Change -1.94% +0.55% +2.37% +4.83% +3.59%
Avg Bedrooms 2.76 beds 2.76 beds 2.71 beds 2.69 beds 2.88 beds
Avg Bathrooms 2.36 baths 2.39 baths 2.37 baths 2.34 baths 2.45 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Strathcona School 45 $706,948 32 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 4,946 $597,267 44 days
Multi-Million Dollar Homes 487 $2,191,885 66 days
Newly Built Homes 744 $755,360 54 days
Homes with a Pool 701 $457,039 41 days
Reduced Price Homes 225 $533,497 45 days
Re/Max Excellence
Eva Borsai-Bokor
201 5607 199 Street
Edmonton, AB T6M 0M8
780-994-0719

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

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