Are condos a good investment in Edmonton?
Quick Answer
Short answer: Cash-flow is attainable: average 2-bed condos yield 4.7% cap rate at today's prices.
Detailed Explanation
At a median purchase price of $185,000 and rents about $1,650, gross rent multiplier is 9.3 — favourable compared with Toronto (21) or Vancouver (26). With 20% down, typical net cash flow is ~$230/month after condo fees and a 4.6% fixed mortgage.
- Vacancy rate 2.3% (CMHC 2025)
- HOA/condo fees average $0.54 per sq ft
- Downtown resale prices still 9% below 2015 peak—upside remains
Disclaimer: This page is for general information only and does not constitute legal, financial, or real estate advice. Always verify details with a licensed Alberta REALTOR®, mortgage professional, or lawyer before making decisions. Buy in Edmonton assumes no liability for actions taken based on this content.
Tim Grover, RE/MAX Excellence • 780-288-5144 • 5607 199 Street NW, Edmonton, AB
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