Is Edmonton's housing market overvalued in 2025?
Quick Answer
Short answer: Most economists say no: Edmonton's price-to-income ratio remains the lowest among Canada's big cities.
Detailed Explanation
RBC Economics pegs Edmonton's average detached price at roughly 4.3× median household income—about half of Toronto or Vancouver. CMHC's latest Housing Market Assessment flags "moderate" vulnerability nationally, but Edmonton scores only low on price acceleration and overvaluation.
Affordability is aided by steady wage growth in energy/tech and a generous lot supply on the city's edge, keeping speculative froth in check.
- Price-to-income ratio: 4.3× vs Toronto 9.1×
- Annual wage growth 2024: 3.8% (Statistics Canada)
- Available serviced lots: 18-month supply
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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