Edmonton Real Estate Market Report - February 2026: Benchmark Price Declines 2.0% Year-Over-Year

Edmonton (MLS® HPI) — February 2026

In February 2026, the Edmonton real estate market reports a composite benchmark price of $412,300, reflecting a 2.0% decrease from $420,800 in February 2025. The market remains balanced, indicating stable conditions for both buyers and sellers.

Market Analysis

The Edmonton real estate market shows signs of stability as the composite benchmark price rises slightly from $409,000 in January 2026 to $412,300 in February 2026. Despite a year-over-year decline of 2.0%, the market's balanced condition suggests that supply and demand are relatively equal, preventing significant price fluctuations. This stability may be attributed to a consistent level of buyer interest and a steady flow of new listings, although specific sales and listing data for the current month are not available.

Property Type Analysis

When examining property types, the detached homes have a benchmark price of $495,300, while attached/townhouses and apartments are priced at $271,700 and $199,200, respectively. The price differentiation among these categories indicates a continued preference for detached homes, which typically command higher prices due to their larger size and land ownership, while apartments remain the most affordable option for first-time buyers and investors.

Regional Highlights

Regional trends indicate that the Edmonton area continues to attract a diverse range of buyers, with urban areas experiencing steady demand for both single-family homes and multi-family units. The balanced market conditions suggest that while prices may have dipped slightly year-over-year, the overall demand remains resilient, particularly in neighborhoods that offer amenities and access to public transportation.

For Buyers

Prospective buyers should consider the current balanced market conditions as an opportunity to negotiate favorable terms. With a slight decline in benchmark prices, buyers may find it advantageous to explore various property types, particularly in neighborhoods that align with their lifestyle preferences and budget.

For Sellers

Sellers are encouraged to price their properties competitively, taking into account the current benchmark price of $412,300. With the market remaining balanced, presenting homes in excellent condition and highlighting unique features can attract potential buyers and facilitate quicker sales.