Edmonton Real Estate Year-End Market Update — December Reflections
Merry Christmas and Happy Holidays, everyone!
We’re officially in mid-December, which means the real estate world is winding down for the year. Most people are shifting their focus from moving to celebrating, relaxing, and spending time with the people they love. But before we close out the year completely, here’s a look back at what shaped Edmonton’s 2025 market—and what we can expect as we head into 2026.
A Year That Nearly Broke Records
For most of the year, it looked like Edmonton was on track to set an all-time record for both sales volume and overall growth. Up until mid-August, activity was incredibly strong. Then, just like we saw across the country, the market softened.
Even with that slowdown, 2025 still ended as the second-best year Edmonton has ever recorded. That’s an exceptional result, especially when you consider how intense the previous 18 months had been.
Growth Remained Strong—Even With Softening
Yes, activity tapered off after summer. Yes, the pace of sales and price growth eased. But zoom out a little, and the bigger story becomes clear:
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Prices remain significantly higher than this time last year
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Sales stayed strong enough to maintain overall year-over-year growth
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Market fundamentals in Edmonton continue to outperform most major Canadian cities
I expect slow but steady growth in 2026. I’ll release a more detailed forecast in January once we have final year-end numbers and insights from the economic forecasters I follow closely (the ones much smarter than me!).
What Happened Across Different Segments
This year brought some notable shifts in specific parts of the market:
Luxury Sales Hit a Record
We saw more million-dollar-plus sales than ever before. Demand in the upper price brackets remained impressively resilient, even through the fall slowdown.
Condos Started to Rebound
The condo market showed signs of life again.
While downtown remains softer than surrounding areas, the overall condo sector has been gradually improving—slowly, but in the right direction.
Builders Pumped the Brakes
Homebuilders spent much of the year trying to catch up from being under-supplied during the boom. By the time they did, demand had cooled, leaving them with more inventory than expected. As a result:
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New housing starts have slowed
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Excess builder inventory is putting slight downward pressure on pricing
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Incentives and value-adds are becoming more common
This should help keep things balanced as we head into the new year.
A Quick Note for My Clients
If you’re reading this, there’s a good chance you’re one of my past clients—and that means you should be receiving our 2026 calendar and the Edmonton Oilers schedule in the mail.
However, Canada Post can be… unpredictable.
If yours hasn’t arrived and you’d like a copy, please reach out. I’m more than happy to send (or re-send) one your way.
Wishing You a Wonderful Holiday Season
As we wrap up an incredibly strong year, I want to thank all of you—clients, friends, colleagues—for your trust and support. Whether you bought, sold, invested, or simply followed along with the market updates, it’s been a pleasure staying connected.
I wish you a joyful holiday season and a peaceful, prosperous start to the New Year.
If you have questions about the market or you're thinking about exploring a move in 2026, I’m always here to help.
See you in the New Year!