2025 Housing Market Forecast: A Promising Year Ahead for Edmonton

by Laureen Espinoza

The housing market in the Greater Edmonton Area (GEA) is poised for steady growth in 2025, driven by improving economic conditions, migration trends, and policy changes. Here's a breakdown of the forecasted trends and what they mean for buyers, sellers, and investors.

Interest Rate Projections

The Bank of Canada will announce key interest rate decisions throughout the year, with updates expected in January, March, and beyond. While rates remain a critical factor, their stabilization may provide relief and predictability for market participants.

Overall Market Trends

The GEA housing market is predicted to grow across key metrics:

New Listings: A 4.1% increase is anticipated, reflecting a more active market.
Sales: Residential property sales are expected to rise by 3.3%.
Average Prices: Forecasted to increase by 2.4%, signaling steady appreciation.

Property-Specific Insights

Detached Homes

Average price: $551,000 (+2.7% from 2024).
Sales growth: 3.8%.
Listings up by 5.5%, indicating healthy supply and demand dynamics.

Semi-Detached Homes

Average price: $420,000 (+3.0%).
Sales growth: 2.4%, with listings increasing by 3.4%.

Row/Townhouses

Average price: $298,000 (+2.5%).
Sales and listings growth at 0.9% and 0.7%, respectively, reflecting a stable market.

Apartments/Condominiums

Average price: $201,200 (+0.5%).
Sales expected to rise by 3.2%, while listings grow by 2.4%.

Opportunities in 2025

Edmonton’s affordability, combined with its forecasted price and sales growth, positions it as an attractive market for both first-time buyers and seasoned investors. The steady appreciation across all property types indicates a balanced and sustainable market.

Whether you're planning to buy, sell, or invest, 2025 offers opportunities to achieve your real estate goals in a promising and growing market.