Is it better to rent or buy in Edmonton in 2025?
Quick Answer
Short answer: Buying edges out renting after 3.5 years, given current prices and rents.
Detailed Explanation
With average two-bed rents at $1,650 and a 5-year fixed mortgage at 4.6%, RBC's rent-vs-buy calculator shows a principal-residence breakeven around 42 months (assuming 5% down, 2% annual rent inflation, 2% price growth).
- Median condo price: $183,900
- Land-transfer tax: $0 (Alberta has none)
- CMHC insurance adds 4% premium below 10% down
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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