Edmonton’s real estate market is red-hot with a 38% spike in sales

Lower interest rates are boosting Edmonton’s real estate market, with October sales rising significantly compared to last year. The Greater Edmonton Area reported 2,439 residential sales, a 10.5% increase from September and a 38.5% rise from October 2023. Apartment sales surged by 43.6%, while semi-detached and row/townhouse sales increased by 38.6% and 38.0%, respectively. The average residential price was $440,089, up 11.1% from last year. Edmonton is currently identified as a seller’s market with strong demand.