Edmonton is leading Canada’s real estate market in growth this year, with new forecasts predicting one of the strongest price increases nationwide. According to Royal LePage’s Q1 2025 Home Price Update and Market Forecast, the average home price in Edmonton is expected to climb by nine per cent by the end of the year, reaching close to $503,000. This puts the city just behind Quebec City, which is projected to see an 11 per cent jump.
Edmonton’s real estate market has remained resilient and even heated in 2025, outperforming many larger markets despite the broader economic uncertainty caused by tariff tensions and fears of job losses in other provinces. Nationally, the average home price is forecast to rise by five per cent to just under $861,000, with growth predicted in every major region.
Royal LePage broker Ed Lastiwka noted that Edmonton has already seen significant activity, especially in the first-time buyer segment. Homes listed under $550,000, particularly single-family detached properties, continue to attract multiple offers. One such example was a bungalow in Avonmore, priced at around $450,000, which saw a competitive bidding process—reflecting the ongoing demand at this price point.
Alberta’s real estate market, and Edmonton in particular, has attracted investor interest from pricier regions like Toronto and Vancouver, where average home prices top $1.2 million. The combination of affordability and strong rental cash flow has drawn buyers westward, fueling Edmonton’s momentum even in a high-interest rate environment.
By contrast, cities like Calgary and Vancouver are forecast to see more modest growth. Calgary’s average price is expected to rise only three per cent to about $710,000, while Greater Vancouver may see a minimal 2.5 per cent increase, bringing the average to roughly $1.26 million.
While Edmonton remains an affordable alternative, challenges persist. Buyers are competing not just with each other but also with developers who are purchasing and redeveloping older homes into multi-family infill projects. Meanwhile, move-up buyers are struggling to find larger, reasonably priced homes within central neighbourhoods, often having to look further from the city core due to limited inventory.
Still, with stable pricing, growing demand, and an influx of investor dollars, Edmonton is positioning itself as one of Canada’s real estate standouts for 2025.
Originally published on Weekly Voice