Market Report Summary for February 2025 | Edmonton | Alberta | Canada

 Market Report Summary for February 2025

Updated March 6th, 2025

• The average price of a home in the Edmonton area for February 2025 reached an all-time high of $449,554. This price is 2.6% higher than January 2025, a 10.3% yearly increase.
• Benchmark prices grow 12% annually to reach their all-time high of $428,800.
• The average price of detached homes increased 12% year-over-year (YoY) and 1.2% month-over-month (MoM) to $567,913.
• Semi-detached home average prices increased 9.2% year-over-year to $420,786.
• Townhouse average prices increased 9.1% year-over-year and declined 3.5% month-over-month to $300,818.
• Apartment average prices increased by 20% year-over-year to $217,373. They climbed 7.3% from last month.
• Amongst Canada’s five largest population centers, Edmonton is the most affordable.
• April 4, 2025 Update: Today’s Lowest mortgage rate in Edmonton is 3.64% for 5-Year Fixed.