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Home Market Research Money

Best places to buy real estate in Edmonton

by TheAdviserMagazine
5 months ago
in Money
Reading Time: 2 mins read
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Best places to buy real estate in Edmonton
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Where to Buy Real Estate in 2025

Best places to buy real estate in Edmonton

Here are the top 50 Edmonton neighbourhoods for real estate purchases in 2025. To view all the results, slide the columns right or left using your fingers or mouse, or download the data to your device in Excel, CSV or PDF format.

Source: Edmonton Association of Realtors

Top three neighbourhoods in Edmonton

1. Secord

Up two spots since the 2024 ranking, Secord is a family-friendly neighbourhood in west-end Edmonton. Secord is conveniently located near Highway 16A, providing access to major roadways. And it’s undergoing many new construction projects, adding to its diverse range of housing options, which include single-family homes, duplexes and townhouses. 

In November, the city of Edmonton completed work on a local community park, Secord South Park, featuring a sports field and shared-use paths. For families who prefer to be outdoors, the Winterburn School Park also provides space for sports and leisure activities. What’s more, the neighbourhood is just a 15-minute drive from West Edmonton Mall, Canada’s largest shopping centre.

What’s happened in the Edmonton real estate market? 

Real estate agent Drew Carlson of eXp Realty has seen a massive influx of people moving to Edmonton in recent years. “Hopeful buyers got priced out in Ontario and B.C., so they’re looking for opportunities in Edmonton,” he says. (Zoocasa, the author of this study, is wholly owned by eXp World Holdings.) 

From July 2023 to July 2024, Edmonton experienced its largest population gain in over 20 years, with nearly 14,000 people moving to the city. In fact, with population growth of 4.5% over that period, Edmonton was the fourth-fastest-growing census metropolitan area in 2024, according to Statistics Canada.

Home price growth was not far behind. According to the Realtors Association of Edmonton, the price of a detached home climbed to $540,000 in December 2024—an 11% year-over-year jump. Home values in Alberta’s capital have steadily increased since January 2020, when the average price was $425,000. Limited housing inventory is a factor. This past December, detached homes sold in 44 days, on average—down from 53 days the previous year.

A major shift is also playing out in the condo market, according to Carlson. 

“For years, condos in Edmonton were tough to sell—they just didn’t move,” he says. “But last year, I saw a huge increase in demand. Almost every offer I wrote was in a multiple-offer situation. I’ve never seen that before.”

It’s primarily investors and first-time home buyers who are behind the surge in demand. Investors from Ontario have snapped up multiple condos, capitalizing on the strong rental market, says Carlson. He’s seen investors from that province buy three or four condos each, believing the properties “can generate solid cash flow from multiple rental units here for the same price as one in Toronto.”

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