Comparatively to $454,000 in the fourth quarter of 2024, the average price of residential properties in Edmonton is expected to rise by 9%, to $494,860 by the same period, With prices growing by 12% to an average of $554,288, detached homes are likely to lead this trend, With an average price of $214,488, condos are also expected to rise by 8%, Driven by Edmonton's growing population and competitive real estate dynamics, these numbers show the clear direction of growth for its housing market.

Tom Scherer, a Royal Le Page Noralta Real Estate broker, speculated that Edmonton's good performance could be the consequence of several factors. Edmonton is likely to see higher price increases in 2025 than Western Canadian cities, Scherer said, noting that the city is prepared to enjoy record-breaking sales volumes in 2024, so facilitating continuous development until 2025, Moreover, he noted, the city's rising population is significantly increasing demand for housing since there is little availability to meet this rise.

Scherer also emphasized Edmonton's capacity to meet Calgary's excess demand, where rising apartment building and dropping rents have not entirely released market pressure. Drawn by Edmonton's relatively reduced cost of living and expanding economic possibilities, many people and families are moving to the city This movement has put more strain on Edmonton's housing market, increasing buyer and renter demand as well as helping property values to climb.

Furthermore positioned for expansion is the larger Canadian real estate market, With an average home price predicted to rise by 6% year-over-year, by the fourth quarter of 2025 the average will be $856,692. This illustrates general recovery and expansion all throughout the nation as supply issues and continuous population increase shape housing markets.

Edmonton's expected price rises are mostly driven by the ongoing scarcity of available properties. Inventory is still restricted, hence buyer rivalry has become more intense and major price increases result, Scherer underlined that Edmonton's real estate scene will continue to be shaped in great part by this shortage of supply throughout 2025.

Edmonton's rising profile in Western Canada 's housing market highlights its special character as a dynamic and competitive city, Its capacity to draw people from other areas and maintain strong demand sets it front and foremost among the real estate development in the nation, While sales activity in 2024 promises to be a turning point, 2025 looks to be another exciting year driven by strong demand and continuous investment possibilities for Edmonton's housing market.

Canada: Edmonton home prices predicted to rise significantly in 2025

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