Housing Check: Edmonton home sales fall 3.5% in October

Home sales in the Greater Edmonton Area fell 3.5 per cent in October from September and 8.3 per cent from a year earlier to 1,882, while inventory stayed 15.2 per cent above last October, the REALTORS® Association of Edmonton (RAE) said in its monthly report.

This is Housing Check, our weekly look at one Canadian housing market. This week is Edmonton. Earlier stops in the series were Calgary, Vancouver and Toronto.

New listings totalled 3,264, down 11.2 per cent from September but up 2.9 per cent from October 2025. Month-end inventory fell 6.6 per cent from September, the RAE said, a smaller drop than listings, which is why buyers still have more to choose from than they did a year ago.

The average selling price for all residential property types was down 2.0 per cent from September and up 0.5 per cent from a year earlier, according to the association. The average time to sell was unchanged from September and three days longer than a year earlier.

Source: RAE October 2026 monthly market statistics.

Darlene Reid, the RAE’s 2026 board chair, said activity is tapering off seasonally, with sales, new listings and average prices all lower than in September. She said some property types saw a small rebound in sales and average price, but with inventory higher overall she called that a fluctuation rather than a trend, and said gains are likely to stall or reverse as the year ends. Reid told sellers they should not be discouraged, saying serious buyers are still looking at this time of year.

The October figures follow a September report in which sales fell 10.3 per cent from a year earlier, as we reported. Two months of declines from a year earlier, paired with rising inventory, is the pattern the RAE has described as a market moving toward balance. Alberta’s other big market is also slowing: Calgary home sales fell 15.3 per cent in October, according to the Calgary Real Estate Board.

On rents, the platform liv.rent said in its October Calgary and Edmonton rent report that the average unfurnished one-bedroom in Edmonton was $1,274, still below last October’s level. Its figures come from its own listings and are not a national benchmark such as CMHC’s annual rental survey.

For buyers with a variable-rate mortgage, the Bank of Canada’s Oct. 28 increase to 2.5 per cent is the bigger cost story. A worked example in our earlier report put the extra cost at about $68 a month on a $500,000 variable-rate mortgage. We did not find published lender mortgage rates for Edmonton that we could verify for this edition, and no new provincial rules affecting the market were announced this week that we could confirm.

Photo: Edmonton skyline, seen from across the North Saskatchewan River. File photo by Matthew Boonstra, 2020, CC BY-SA 4.0 via Wikimedia Commons. It does not show a property discussed in this article.

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