Edmonton Real Estate Market Update – October 2021

November 5, 2021

Greater Edmonton Area includes Beaumont, Bon Accord, Bruderheim, Calmar, Devon, Edmonton, Fort Saskatchewan, Gibbons, Leduc, Legal, Morinville,, New Sarepta, Redwater, Rural Leduc County, Rural Parkland County, Rural Strathcona County, Rural Sturgeon County, Sherwood Park, Spruce Grove, St. Albert, Stony Plain, Thorsby, Wabamun, Warburg

Edmonton Real Estate Trends

As we head into the winter months, the market continues to normalize. Even though it has decreased in activity compared to previous months, it’s still on a higher trend. The MLS® Home Price Index (HPI) composite benchmark price in the Greater Edmonton Area came in at $416,800, a 6.7% increase from October 2020, and up 0.5% from September 2021.

Another interesting thing to keep in mind is the most recent report coming out of Oxford Economics stating that Edmonton is one of the most affordable places to live in North America. While prices across Canada continue to skyrocket, Edmonton and Alberta continues to hold steady with slight increases. With the recent warning of rising interest rates, and projected economy growth, will this affect the market?

If you like learning about the Edmonton Real Estate Market, check out previous market updates.