The Edmonton Condo Market: Prices and Trends

Edmonton condos sell for about half the price of detached homes, but the market shifted hard in 2026. The median condo sold for $257,409 in the first half of 2026, sale volume dropped 21% year over year, and 83% of condos now close below their list price. If you are buying a condo in Edmonton, you have more leverage than you have had in years. If you are selling, you need to price sharply. Here is what the numbers actually say.

Edmonton condo prices in 2026

The Edmonton condo market trades at a steep discount to detached housing. The median condo sold price across all closed sales sits at $259,950, while the median detached and other residential sold price is $493,499. That gap means condos are about 47% cheaper on a median basis.

For 2026 year-to-date, condo prices held firm even as the market cooled. The median sold price reached $257,409 in the first half of the year, with an average of $317,175. The average runs well above the median because a smaller number of high-end units pull the average up, so the median is the better anchor for a typical buyer.

Full-year 2025 closed at a median of $254,819 and an average of $312,881 across 8,441 condo sales. Prices have edged up slightly into 2026, but the story is not the price. It is the pace.

The market cooled fast in early 2026

The clearest signal is speed. The median Days on hômm for Edmonton condos sold in the first half of 2025 was 25 days. For the same stretch in 2026, it jumped to 42 days. Condos are sitting almost three weeks longer before they sell.

Sales volume tells the same story. Edmonton recorded 3,343 condo sales between January and mid-June 2026, down from 4,224 in the same period of 2025. That is a 21% drop in transactions year over year.

That pricing shift matters more than the headline median. A year ago, more than one in five condos sold for over the asking price. Now barely one in ten do. Sellers have lost the leverage they enjoyed during the 2024 condo comeback, when apartment-style condo sales jumped 50% in January 2024 versus January 2023, according to the REALTORS Association of Edmonton.

Why inventory is the buyer's best friend

Active condo listings reached 5,016 in June 2026, up sharply from 3,644 in May. More than 6,900 new condo listings hit the market in 2026 to date. Condos now make up about 39% of all active Edmonton for-sale inventory, despite being the lower-priced segment.

Deep supply plus slower sales equals choice and negotiating room. The median active condo list price is $246,974, which is actually slightly below the $259,950 median sold price. That tells you something specific: older, higher-priced listings are lingering while fresh, sharply-priced listings come in lower and sell.

A worked example: what a typical Edmonton condo costs to carry

Take the median Edmonton condo sold price of $257,409 from the first half of 2026. Put 10% down ($25,741) and finance the rest over 25 years. Your mortgage payment depends on the rate, but the condo fee is the part many buyers forget.

Add the median condo fee of $454 per month on top of your mortgage and property tax, and the real monthly number climbs. This is exactly where you should run the figures before you shop. Use our free mortgage calculator to see your monthly payment at different prices and rates, then check what price you can actually qualify for with the stress-test-aware affordability calculator. Knowing your ceiling before you tour units keeps you from falling for a condo $40,000 above your range.

The rental angle: investors and vacancy

Condos are a big part of Edmonton's rental supply. In 2025, 37% of Edmonton condo apartment units were offered as long-term rentals, adding roughly 2,015 units to the rental stock, according to CMHC. The vacancy rate for rented condo apartments was just 1.7% in 2025, much tighter than the 3.8% rate for purpose-built rentals.

That tight condo vacancy supports rents. The average two-bedroom condo apartment rented for $1,655 per month in 2025, per CMHC. For investors, the gap between a sub-$260,000 purchase price and $1,600-plus monthly rent is what makes Edmonton condos pencil out. If you are running the numbers as an investment, the cap rate calculator shows your rental return after expenses.

CMHC also noted that some condo investors sold their units in 2025 because prices had finally exceeded their previous 2015 peak. That investor selling adds to the resale supply you see today.

What the forecast says for the rest of 2026

CMHC's 2026 Housing Market Outlook expects Edmonton resale prices to increase only marginally, with condo prices growing more slowly than detached and semi-detached homes. CMHC also projects the rental vacancy rate to rise as new supply enters the market, up from 3.8% in 2025.

Slower condo price growth plus more rental supply points to a market that favours patient buyers through the rest of 2026. For context on how condos fit into the broader picture, read our Edmonton real estate market guide and the full Edmonton housing market forecast for 2026, which is the main guide for where prices are heading.

Ready to see what is on the market right now? Browse current Edmonton condo and home listings to compare prices, fees, and Days on hômm in the neighbourhoods you care about.

Frequently Asked Questions

How much does a condo cost in Edmonton?

The median Edmonton condo sold for $257,409 in the first half of 2026, with an average of $317,175. The median active listing is priced at $246,974. Condos are roughly 47% cheaper than the median detached and residential home, which sold for $493,499.

Is now a good time to buy a condo in Edmonton?

The market favours buyers in 2026. Sales fell 21% year over year, the median Days on hômm rose from 25 to 42 days, and 83% of condos sold below their list price. With 5,016 active listings, you have deep selection and real negotiating room. Run your budget with the affordability calculator before you start touring.

How much are condo fees in Edmonton?

Condo fees on active Edmonton listings average $490 per month, with a median of $454. Fees vary widely by building, age, and amenities. Always add the monthly fee to your mortgage payment when comparing units, because a low purchase price with high fees can cost more overall.

Are Edmonton condos a good investment?

Edmonton condos can work as rentals. The condo apartment vacancy rate was just 1.7% in 2025, and the average two-bedroom condo rented for $1,655 per month, per CMHC. With purchase prices under $260,000, the rent-to-price ratio is favourable. Use the cap rate calculator to estimate your return after expenses.

Why are Edmonton condos so much cheaper than houses?

Edmonton has deep condo supply, with 5,016 active listings making up about 39% of all for-sale inventory. Condos also carry monthly fees that detached homes do not, and Edmonton's apartment-style condo prices stagnated for roughly a decade before their 2024 recovery. The result is a median condo price near $259,950 versus $493,499 for residential homes.