Edmonton, Canada
Property prices · 2024 · Americas
Property price trend in Edmonton (2024–2026)
Property comparison — cities in Canada (2024)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Edmonton |
|---|---|---|---|---|
| Edmonton | CAD 3,800 | CAD 2,500 | CAD 1,400 | — |
| Vancouver | CAD 14,500 | CAD 9,500 | CAD 2,800 | +281.6% |
| Toronto | CAD 12,500 | CAD 8,200 | CAD 2,500 | +228.9% |
| Montreal | CAD 6,800 | CAD 4,500 | CAD 1,800 | +78.9% |
| Ottawa | CAD 5,800 | CAD 3,800 | CAD 1,800 | +52.6% |
| Calgary | CAD 5,200 | CAD 3,400 | CAD 1,900 | +36.8% |
| Quebec City | CAD 3,500 | CAD 2,300 | CAD 1,100 | -7.9% |
Other Americas cities (2024)
Frequently asked questions
How much does property cost in Edmonton in 2024?
In Edmonton, the average price per sqm in the city centre is CAD 3,800, and CAD 2,500 outside the centre (2024 data). Prices have risen 6.3% since 2024.
How much is rent in Edmonton in 2024?
A 1-bedroom apartment in Edmonton rents for approximately CAD 1,400 per month in 2024. A 3-bedroom apartment costs around CAD 2,300/month.
Is it better to buy or rent in Edmonton?
Buying may offer better long-term value in Edmonton. The price-to-rent ratio is 13.0x — it would take approximately 13.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 5.30%.
What are mortgage rates in Canada in 2024?
The average mortgage rate in Canada is approximately 5.30% as of 2024. With a price-to-rent ratio of 13.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Edmonton?
The average property price per square metre in Edmonton city centre is CAD 3,800 in 2024. Outside the centre, expect to pay around CAD 2,500/sqm.