November 4, 2025 | Paul Zieba, Edmonton Mortgage Broker
The Edmonton real estate market in October 2025 showed balanced conditions with steady prices and improved buyer affordability. As an Edmonton mortgage broker, I’m breaking down the numbers and what they mean for your home buying or selling plans.
October 2025 Market Statistics
Sales & Inventory:
- 1,437 homes sold (down 1% from September, down 17% year-over-year)
- Average days on market: 38 days (improved from 41 days last year)
- 4,978 active listings = 3.5 months of inventory
- 2,415 new listings in October
Home Prices by Type:
- All residential average: $429,000
- Detached homes: $544,000 average, $497,000 median
- Semi-detached: $430,000 average, $423,000 median (up 4.8% year-over-year)
- Townhouses: $292,000 average, $307,000 median
- Condos: $191,000 average, $175,000 median
Source: REALTORS Association of Edmonton
What Buyers Need to Know – Edmonton Mortgage Broker Advice
With 3.5 months of inventory available, buyers have reasonable choice without facing bidding wars. Well-priced homes still sell within 5-6 weeks, so having your financing ready matters.
The Bank of Canada’s recent 0.25% rate cut improved purchasing power. Even a quarter-point helps buyers qualify for more or reduces monthly payments.
Income needed to buy (approximate):
- Condos ($191K): $45,000-$50,000 household income
- Townhouses ($292K): $65,000-$70,000 household income
- Semi-detached ($430K): $95,000-$100,000 household income
- Detached ($544K): $120,000-$125,000 household income
Estimates based on 20% down (5% for condos), 25-year amortization, and current stress test rates.
Learn more about qualifying for a mortgage in Canada.
What Sellers Should Watch
Homes are selling 3 days faster than last year on average. This indicates active buyer demand, but accurate pricing remains critical.
Property type performance:
- Semi-detached led with 4.8% annual growth
- Detached held steady with slight year-over-year dip of 1.0%
- Condos remained flat at 1.0% annual growth
- Townhouses dipped 2.0% year-over-year
Properties priced correctly from day one attract more showings and sell faster. Overpriced listings sit longer and often sell for less after reductions.
Edmonton Mortgage Broker Tips for Financing
For first-time buyers: Condos at $191,000 need only $9,550 down (5% minimum). Monthly payments often match rental costs, but you build equity instead of paying a landlord.
For current homeowners: If you locked in a low rate in 2020-2022, ask about porting your mortgage when you move. This preserves your rate and avoids penalties.
For anyone refinancing: Stable home values support refinancing up to 80% of current value for renovations, debt consolidation, or investment needs.
Pre-approval is essential: Mortgage pre-approvals lock your rate for 90-120 days and establish your exact budget. In a market where homes sell in 38 days, you need to move quickly.
More information: Canada Mortgage and Housing Corporation
October Market Context
A three-week teachers’ strike temporarily slowed October activity as families paused their searches. According to CMHC research, short disruptions typically shift demand forward rather than eliminating it. Expect delayed buyers to return in November and December.
Top Sales in October
- Detached: $3,300,000
- Semi-detached: $1,125,000
- Townhouse: $665,900
- Condo: $510,000
Edmonton’s luxury market remains active for qualified buyers.
Looking Ahead
The combination of balanced inventory (3.5 months), steady prices, and improving interest rates creates favorable conditions for both buyers and sellers who approach the market strategically.
Edmonton continues to offer some of Canada’s best affordability among major cities, making it attractive for first-time buyers, move-up purchasers, and investors.