{"id":801958,"date":"2026-07-14T19:43:13","date_gmt":"2026-07-14T19:43:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/801958\/"},"modified":"2026-07-14T19:43:13","modified_gmt":"2026-07-14T19:43:13","slug":"edmontons-luxury-housing-market-is-starting-to-gain-steam-daily-hive","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/801958\/","title":{"rendered":"Edmonton’s luxury housing market is starting to gain steam | Daily Hive"},"content":{"rendered":"

Edmonton\u2019s housing market stayed relatively steady this spring, but one segment is seeing much stronger momentum.<\/p>\n

A new report from Royal LePage shows the aggregate price of a home in the Edmonton region dipped just 0.4 per cent year over year to $482,400 in the second quarter of 2026, while prices increased 2.1 per cent compared with the previous quarter.<\/p>\n

At the same time, the brokerage says the city\u2019s luxury market is gaining steam as buyers pay a premium for homes in established neighbourhoods.<\/p>\n

The median price of a detached home was essentially unchanged year over year, rising just 0.1 per cent to $531,700. Condo prices, meanwhile, fell 3.7 per cent to $209,600.<\/p>\n

\u201cDespite softer sales levels compared to 2025, home prices have held reasonably steady. The spring market got off to a slow start, with peak activity shifting later into May and June as economic uncertainty and a prolonged winter kept many buyers on the sidelines,\u201d said Tom Shearer, broker and owner, Royal LePage Noralta Real Estate.<\/p>\n

\u201cFirst-time buyers and newcomers remain an active presence in the market, many drawn to the city for employment opportunities and its relative affordability. Move-up buyers are also becoming increasingly active, particularly among those who purchased during the post-pandemic era and are now outgrowing their space.\u201d<\/p>\n

While much of Edmonton\u2019s housing market has remained relatively flat, Shearer said the city\u2019s luxury segment has been gaining momentum.<\/p>\n

He said buyers are increasingly willing to pay more for homes in established neighbourhoods, where major renovations and redevelopment are helping boost property values.<\/p>\n

Shearer expects activity to slow gradually through the summer rather than fall off sharply, with demand carrying into the early weeks of the third quarter.<\/p>\n

\u201cGiven the softer spring, that carried-over demand will likely translate into a busier fall market as buyers who held back earlier in the year finally make their move,\u201d he said.<\/p>\n

Nationally, the aggregate\u00a0price of a home in Canada decreased 1.4 per cent year over year to $814,900 in the second quarter of 2026.<\/p>\n

\"\"<\/p>\n

Royal LePage<\/p>\n

Royal LePage forecasts the aggregate price of a home in Canada will increase two per cent in the fourth quarter of 2026, compared to the same quarter last year.<\/p>\n","protected":false},"excerpt":{"rendered":"Edmonton\u2019s housing market stayed relatively steady this spring, but one segment is seeing much stronger momentum. A new…\n","protected":false},"author":2,"featured_media":801959,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[194294],"tags":[49,48,23752],"class_list":["post-801958","post","type-post","status-publish","format-standard","has-post-thumbnail","category-edmonton","tag-ca","tag-canada","tag-edmonton"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/801958","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=801958"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/801958\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/801959"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=801958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=801958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=801958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}