Competitive Property Prices in Alberta

Market Overview

Current Prices (2024)

Single-family homes: Average $387,000

Condominiums: Average $189,000

Townhouses: Average $242,000

Price Competitiveness

42% lower than Vancouver average

38% lower than Toronto average

Positive cash flow potential

Regulatory Environment

Zoning Changes
  • Mixed-use development promotion
  • Density bonusing opportunities
  • Simplified permit processes
Investment Support
  • Foreign buyer programs
  • Property tax incentives
  • Development fast-tracking

Edmonton’s strategic growth corridors are creating unprecedented opportunities for property investors, with prices remaining competitive compared to other major Canadian cities.

Steve Sedgwick

Former Chair, REALTORS® Association of Edmonton

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