Market update · October 2026
Edmonton real estate market update
Sales and new listings slowed for fall while inventory stayed well above last year, so buyers have more choice and more room to negotiate. Here are the October 2026 numbers from the REALTORS® Association of Edmonton, in plain language.
October 2026 · Greater Edmonton Area
The numbers
Source: REALTORS® Association of Edmonton, monthly statistics for the Greater Edmonton Area, October 2026 (released November 3, 2026). All residential property types unless noted.
¹ Calculated from RAE’s published benchmark prices for September 2026 ($423,100) and October 2026 ($417,200). RAE’s October release prints the composite benchmark change as +9.4%, which doesn’t match those prices.
What it means
More choice for buyers as the market cools for fall
If you’re buying
With 7,533 homes for sale, up 15.2% from a year ago, buyers have more choice than they’ve had in a while, and often more room to talk about price, conditions and possession dates. Homes are taking a little longer to sell, at 43 days on average.
If you’re selling
More competition means pricing and presentation carry more weight. On the plus side, new listings usually drop sharply in November and December, so the buyers who are out in the winter tend to be serious and have fewer homes to choose from.
The big picture
Edmonton prices have been steady. October’s benchmark of $417,200 is close to last October’s $418,500, and 3.5% below this year’s peak of $432,200 in May.
The season ahead
What usually happens next
Winter is Edmonton’s quiet season. Last year, sales fell about 20% from October to November and about 20% again into December, while new listings dropped by roughly a third in November and by nearly 40% more in December. Benchmark prices barely moved over the winter, staying between $415,000 and $418,500, then climbed through the spring to their May peak.
Rates
On October 28, the Bank of Canada raised its policy rate by a quarter point to 2.50%, its first increase since 2023. Canada’s big banks raised their prime rate to 4.70% the next day, so variable rate mortgages and lines of credit now cost a little more. The next rate decision is December 9, 2026.
Bank of Canada and the major banks, as of October 29, 2026. Renewing or buying soon? A mortgage broker can show how this affects your payment, and I’m happy to connect you with one I trust.
Market history
October 2025 to October 2026
See every month in a table
| Month | Benchmark price | Average price | Homes sold | New listings |
|---|---|---|---|---|
| Oct 2026 | $417,200 | $457,641 | 1,882 | 3,264 |
| Sep 2026 | $423,100 | $466,080 | 1,959 | 3,864 |
| Aug 2026 | $426,900 | $469,602 | 2,143 | 3,769 |
| Jul 2026 | $429,100 | $475,079 | 2,535 | 4,258 |
| Jun 2026 | $431,300 | $483,600 | 2,746 | 4,475 |
| May 2026 | $432,200 | $491,794 | 2,557 | 4,855 |
| Apr 2026 | $431,900 | $478,902 | 2,482 | 4,204 |
| Mar 2026 | $426,000 | $470,819 | 2,133 | 3,809 |
| Feb 2026 | $419,600 | $454,801 | 1,606 | 3,020 |
| Jan 2026 | $415,000 | $448,761 | 1,151 | 2,518 |
| Dec 2025 | $415,300 | $454,981 | 1,315 | 1,389 |
| Nov 2025 | $415,500 | $447,005 | 1,654 | 2,281 |
| Oct 2025 | $418,500 | $454,777 | 2,061 | 3,306 |
Each month’s figures are as first published by the REALTORS® Association of Edmonton. RAE sometimes revises past months, so year-over-year changes in its releases can differ slightly. Source: REALTORS® Association of Edmonton monthly releases, Greater Edmonton Area, all residential.
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