A new real estate report on the best housing markets to buy and sell in Canada before 2025 revealed that Edmonton is currently a seller’s market, “where demand remains strong.”
The newest report from the real estate platform Zoocasa found that Edmonton is one of Canada’s most competitive seller’s markets, with its sales-to-new listings ratio increasing from 64% to 70% in the last year.
Zoocasa
Zoocasa wrote that market conditions in Edmonton were quite different from those of our neighbours in the south.
“Alberta’s two largest cities, Calgary and Edmonton, showcase contrasting market conditions, highlighting the province’s economic diversity,” wrote Zoocasa.
“Traditionally a balanced market, Calgary experienced a cooling trend, with its sales-to-new listings ratio dropping from 75% to 55%, providing more opportunities for buyers and less intense competition.”
Zoocasa wrote that home prices in Edmonton have remained elevated due to sustained competition over limited inventory.
The average price of a home last month in Edmonton was $399,400.
Other strong seller’s markets included the Quebec City area, Thunder Bay, Regina, Sudbury, and Saint John.