Reuse, Renovate, Rent: How Edmonton Homeowners Can Build a Suite for Less
Reuse, Renovate, Rent: How Edmonton Homeowners Can Build a Suite for Less Across Edmonton, more homeowners…
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Local Market Insight & Pricing Context
Greater Edmonton Real Estate Market Update – February 2026
The Greater Edmonton Area recorded 1,151 residential sales in January 2026. Inventory rose sharply with 2,518 new listings, pushing total supply higher and creating more choice for buyers. The average residential sale price sits at $448,761, while the MLS® benchmark price is $415,000. Homes are currently averaging 59 days on market, giving buyers more leverage and sellers a need for accurate pricing.
How Price Ranges Perform in This Market
- Under $250,000: Affordable entry-level housing. Often favored by first-time buyers and investors seeking rental cash flow.
- $250,000–$350,000: One of the strongest demand ranges. Single-family homes with garages in this bracket tend to move quickly.
- $350,000–$425,000: Still affordable and competitive. Larger lots and older homes with renovation or suite potential are common.
- $425,000–$525,000: Renovated homes with finished basements dominate this segment and attract move-up buyers.
- $525,000–$625,000: Newer homes with front-attached garages and separate entrances are among the fastest sellers.
- $625,000+: Transition into luxury properties where location, finishes, and lot size drive value.
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