The Bank of Canada has just cut its key interest rate to 2.75%, signaling a shift in the market. While Canada’s economy has been strong, trade tensions and inflationary pressures could slow things down. Housing demand has benefited from past rate cuts, but signs of softening job growth and global uncertainty mean market conditions may change.

Sellers: Now is an ideal time to list before economic uncertainty impacts buyer confidence. The window for strong demand is open—but it won’t stay that way forever.

Buyers & Investors: Lower interest rates mean improved affordability, but inflation concerns could affect future market conditions.

Let’s discuss how to position your home for success! DM us today.

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There were 1,825 residential unit sales in the Greater Edmonton Area (GEA) real estate market during February 2025, a 14.3% monthly increase from January 2025 and a 7.1% decrease from February 2024. New residential listings amounted to 2,723, up 13.2% from January 2025 and down 0.4% from the previous year. Overall inventory in the GEA increased 11.4% month-over-month, though levels remain lower year-over-year, decreasing 13.4% from February 2024.

The total number of Detached units sold was 1,015, an increase of 18.6% over the previous month and 12.3% lower than the previous year. Semi-detached sales increased 7.5% month-over-month and 11.4% higher year-over-year, moving 215 units last month. Row/Townhouse unit sales increased 23.4% compared to January 2025 and recorded 3.9% more sales than February 2024. Apartment Condominium unit sales were down 9.2% from the previous year and 0.3% from the previous month.

Total residential average prices came in at $449,554, increasing 2.6% from the previous month and reflecting an overall growth of 10.5% compared to February 2024. Detached home prices averaged $567,913, an increase of 1.2% from January 2025 and 11.9% higher than the previous year. Semi-detached units sold for an average of $420,786, a decrease of 0.1% from the last month and showing an increase of 8.9% year-over-year. Row/townhouse prices were down 3.5% from January 2025 but measured 9.1% higher than last year, with an average selling price of $300,818. Apartment Condominium average prices rose 7.3% from January 2025 to $217,373 and ended the month 19.9% higher than the previous year.

The MLS® Home Price Index (HPI) composite benchmark price* in the GEA was $428,800, increasing 2.3% from January 2025 and up 12.3% from February 2024.

Detached homes averaged 39 days on the market, a significant 12-day decrease from January 2025. Semi-detached homes decreased by 11 days, with properties averaging 26 days on the market. Row/townhouses decreased nine days to 28, while Apartment Condominiums averaged 48 days on market, reflecting a nine-day decrease as well. Overall, all residential listings averaged 37 days on the market, equating to an 11-day month-over-month decrease and a 13-day decrease compared to February 2024.

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There were a total of 1,597 residential unit sales in the Greater Edmonton Area (GEA) real estate market during January 2025, a 12.1% monthly increase from December 2024 and an 11.2% annual increase from January 2024. New residential listings amounted to 2,452, up 83.5% from December 2024 and 12.9% from the previous year. Overall inventory in the GEA increased 6.9% month-over-month, while still trending lower year-over-year, showing an 18.2% decrease from January 2024.

The total number of Detached unit sales was 856, an increase of 3.9% over the previous month but 2.4% lower than the previous year. Semi-detached sales increased 22.0% month-over-month and 41.8% higher year-over-year, moving 200 units last month. Row/Townhouse unit sales increased 8.8% compared to December 2024 and recorded 21.8% more sales than January 2024. Apartment Condominium unit sales were 36.0% higher than the previous year and 39.1% higher than December 2024.

Total residential average prices came in at $438,278, showing a minimal 0.8% increase from the previous month and reflecting an overall growth of 9.9% compared to January 2024. Detached home prices averaged $561,282, an increase of 4.2% from December 2024, and coming in 16.2% higher than the previous year. Semi-detached units sold for an average of $420,844, increasing 3.0% from the previous month and 11.2% year-over-year. Row/townhouse prices were up 6.6% from December 2024 and were 15.8% higher than in January 2024 with an average selling price of $311,866. Apartment Condominium average prices fell 0.8% from December 2024 to $202,663 but still ended the month 4.9% higher than the previous year.

The MLS® Home Price Index (HPI) composite benchmark price* in the GEA came in at $419,200, increasing 3.8% from December 2024 and up 12.0% from January 2024.

Detached homes averaged 51 days on the market, an increase of seven days from December 2024. Semi-detached homes increased by four days with properties averaging 37 days on the market. Row/townhouses decreased one day to 37, while Apartment Condominiums averaged 57 days on market, reflecting no change. Overall, all residential listings averaged 48 days on the market, with a four-day month-over-month increase and an 11-day decrease compared to January 2024.

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With a 33.3% month-over-month drop in new listings, Edmonton’s real estate market continues to tighten. This shift creates unique advantages for both sellers and buyers.

Key Points:

• Sellers benefit from less competition and active buyers.

• Buyers face longer days on market, creating negotiation opportunities.

• Why understanding market data is key to making informed decisions.

Stay ahead of the market—let’s discuss your buying or selling strategy today!

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