Greater Edmonton Market Update – February 2026

We’re officially one month into 2026, and the stats are in for the Greater Edmonton area — but instead of throwing numbers at you, here’s what’s actually happening on the ground.

We’ve seen an increase in inventory, which honestly… we needed. At the same time, January sales declined compared to last year. Before anyone panics — that’s not alarming.

The last few years completely disrupted what a “normal” January looks like. Historically, December and January are slower months, and what we’re seeing now is actually more in line with long-term averages. In other words, we’re settling back into normal seasonal patterns.

We’re currently sitting around 4.3 months of inventory, which puts us right on the cusp of a balanced market — still leaning slightly toward sellers, but much more stable than we’ve seen in recent years.

Now here’s where it gets interesting…

If you’re a buyer actively looking, it probably doesn’t feel balanced. Good homes are still hard to find. Strong investment properties? Even harder. And yes — multiple offers are still happening.

The difference?
Multiple offers are looking very different than they did in 2024 or 2025. I’ve seen situations recently where competing offers came in below asking price — something we absolutely did not see in the previous couple of years. That shift tells us the intensity is easing, even if competition still exists.

At the recent forecasting seminar, economists projected roughly a 1% price increase for 2026 — essentially a flat year. And honestly? A steady, balanced price environment would be healthy for everyone.

Sales volume is expected to come down from the historic highs of the past few years but still remain stronger than most years in the past decade. Our population has grown, so naturally our baseline activity is higher.

New Construction & Outskirts

This is where we’re seeing more pressure.

Builders in the outer communities have more supply right now and are offering incentives. They’re willing to work with buyers — but their margins are tight. Construction costs are rising again, not falling, which limits how far pricing can actually move. Builders won’t build without profit. It’s business.

My prediction?
As inventory tightens in established neighborhoods (where quality homes are still moving quickly), demand will naturally spill into the outskirts. That should help absorb some of that excess new supply and rebalance things for builders.

The Overall Vibe

The buzz in the market is positive.
Spring momentum is building.
The weather certainly isn’t hurting.

All signs are pointing toward a healthy, balanced spring market — not explosive, not scary — just steady.

If you’re considering a move this year, whether buying, selling, or investing, I’d love to chat about your strategy and what makes the most sense in this shifting landscape.

Let’s be proactive, not reactive.