Edmonton home prices to soar in 2025, report says

 

 

Edmonton home prices are expected to rise sharply in the new year, according to a Royale Page report. Real estate company Royale Page analyzed trends and price data for its 2025 market survey forecast. The report predicts that the average price of a home in Edmonton will increase by 9 per cent by the fourth quarter of 2025. Home prices will jump to $494,860 from $454,000 in the fourth quarter of this year.

The average price of a single-family detached home is expected to increase by 12 per cent to $554,288. Meanwhile, condo prices are forecast to increase by 8 per cent to $214,488, the report said. While Calgary has seen recent rent declines and apartment construction, the report found that more affordable housing, the real estate market and the overall cost of living are driving people to move to Edmonton.

Nationally, the average price of a home in Canada is forecast to increase by 6 per cent to $856,692 by the fourth quarter of 2025.