Edmonton Condo Market Report: October 2026
Apartment condo prices rose year over year while townhouse prices held steady, and both sales and new listings slowed from the month before.
The Numbers: October 2026
Greater Edmonton Area, as reported by the REALTORS® Association of Edmonton (RAE) and WOWA. Arrows show the change from last month (MoM) and a year ago (YoY).
| Measure | Apartment condo | MoM | YoY | Townhouse condo | MoM | YoY |
|---|---|---|---|---|---|---|
| Average price | $213,245 | ↑ 1.8% | ↑ 5.1% | $297,691 | ↑ 2.9% | ↑ 0.1% |
| Median price | $185,000 | ↑ 0.3% | ↑ 0.7% | $303,057 | ↑ 2.7% | ↓ 1.4% |
| Benchmark price (MLS® HPI) | $198,000 | ↓ 0.1% | ↓ 0.6% | $267,700 | ↓ 0.7% | ↓ 1.6% |
| Sales | 221 | ↓ 21.1% | ↓ 30.9% | 261 | ↑ 6.1% | ↓ 6.1% |
| New listings | — | ↓ 0.2% | ↑ 3.2% | — | ↓ 25.2% | ↓ 8.7% |
1,882 sales
All residential, ↓ 3.5% MoM · ↓ 8.3% YoY
3,264 new listings
All residential, ↓ 11.2% MoM · ↑ 2.9% YoY
7,533 for sale
Inventory, all residential, ↑ 15.2% YoY
43 days to sell
All residential: 0 days longer than last month, 3 longer than a year ago
Apartment vs. townhouse condo prices
A typical townhouse condo costs about $84,446 more than an apartment condo on average.
View as table
| Measure | Apartment | Townhouse |
|---|---|---|
| Average | $213,245 | $297,691 |
| Median | $185,000 | $303,057 |
| Benchmark (HPI) | $198,000 | $267,700 |
Average, median or benchmark?
- Average price — total sales value divided by the number of sales. One expensive penthouse can pull it up.
- Median price — the middle sale: half sold for more, half for less. Less swayed by outliers.
- Benchmark price (MLS® HPI) — the price of a "typical" condo with the same features each month, so it tracks real price change best.
This month the apartment benchmark ($198,000, -0.6% YoY) and median ($185,000, +0.7% YoY) both held steady, while the average rose 5.1% — a sign that a few higher-priced sales lifted the average.
What changed since October 2025
Condo sales fell sharply while listings and inventory climbed — more choice for buyers.
View as table
| Measure | Change vs. a year ago |
|---|---|
| Apartment avg price | +5.1% |
| Townhouse avg price | +0.1% |
| Apartment benchmark | -0.6% |
| Townhouse benchmark | -1.6% |
| Apartment sales | -30.9% |
| Townhouse sales | -6.1% |
| New listings (all) | +2.9% |
| Inventory (all) | +15.2% |
Buyer's, seller's or balanced?
The share of new listings that sell is the quickest read on who has the leverage. 4 months of supply backs up the same picture.
Sales-to-new-listings ratio (all residential): 58%, down from 51% last month (hollow marker) — a balanced market by the 40–60% rule of thumb, edging toward buyers.
| Month over month | September 2026 | October 2026 |
|---|---|---|
| Avg apartment condo | $208,672 | $213,245 |
| Avg townhouse condo | $289,640 | $297,691 |
| All residential sales | 1,959 | 1,882 |
Reading the Oct 2026 Numbers
For buyers
More listings and slower sales mean more choice and more room to negotiate, especially on townhouses, where prices are down 0.1% from a year ago. Take the time to review condo documents before you firm up.
For sellers
With inventory up 15.2% year over year, pricing matters: list close to the benchmark for your building and condo type, and expect homes to take about 43 days to sell.
For investors
Apartment condo values held roughly flat year over year at an average of $213,245, keeping Edmonton among Canada's most affordable major markets for a first rental property.
Sources & Notes
- REALTORS® Association of Edmonton — Edmonton market activity slows, creating opportunity for buyers (November 3, 2026): average prices, all-residential sales, new listings, inventory change and benchmark.
- WOWA.ca — Edmonton Housing Market Report: condo sales counts, median and benchmark prices, inventory count, months of supply and sales-to-new-listings ratio.
- All figures are for the Greater Edmonton Area. Days to sell, months of supply and the sales-to-new-listings ratio cover all residential property types, not condos only. RAE and WOWA report slightly different sales percentages; RAE's are used for all-residential totals and WOWA's for condo sales.
Reports are published monthly. See all market reports →
Prepared by Elevate Realty Group, Real Broker · 587-415-0804 · hello@elevaterealtygroup.ca. This report is general information only and does not constitute real estate, financial, investment or legal advice; market conditions change and past trends do not predict future prices. Statistics come from the sources above and are believed reliable but are not guaranteed. Always consult a licensed REALTOR® and an Alberta real estate lawyer before making a real estate decision. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service®, MLS® HPI and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.
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