Edmonton Real Estate Market

[inclusion]

The plan is to bring it down to manageable levels now, to alleviate current pressures and also give time to rework the whole immigration program (focus on attracting more skilled people in areas the country needs). If they will act according to that plan remains to be seen, however,

Rock and a hard place they are in. Immigration was a significant contributor to GDP growth, driven largely by sheer numbers, and insulated us from some of the effects of Trump's tariff changes. Contraction has already begun, but it could get painful along with labour shortages. The construction industry is probably paying close attention to population growth, or lack thereof. While there is still a lot of catching up to do, I won't be surprised if we end up in a position of oversupply and rental rate contraction, given the number of projects currently in the build phase. It will be interesting to see where things go from here and where we stand in a few years, particularly leading up to the 2028 US election.

 

[IanO]

 

[Offworld]

^ On the plus side, CREA still uses VECTOM and hasn't reduced the universe to MTV like many other national/multinational real estate companies have.

 

[IanO]

 

[archited]

Since 2025 YTD does not include the last quarter of the year then one could project that 2025 will end up being similar in total to 2024

 

[IanO]

Great to see/hear.

Return-to-office mandates fueling Canadian real estate investment momentum in 2026: expert

Return-to-office mandates could accelerate market momentum for real estate investments in 2026, says Michael Tsourounis, managing partner and chief investment officer at Hazelview Investments. “You’re starting to see huge velocity in the leasing sector in office. You’re starting to see a lot of...

www.benefitscanada.com

 

[David A]

Yes, average office vacancy rates in Canada have declined by 0.7% to 18%. I'm not sure what Edmonton's rate is right now, but in the recent past we have been fairly close to the national average.

Office vacancy rate dips as return-to-office shift picks up: CBRE report

TORONTO - The Canadian office vacancy rate dipped last year for the first time since the pandemic as the return-to-office trend accelerated, said a report out Wednesday from CBRE Ltd.

www.thecanadianpressnews.ca

 

[IanO]

 

[policyenthusiast]

Negative absorption in Toronto at lower inventory volumes. That's insane.

 

[David A]

As the saying goes, people are voting with their feet, in some of our more expensive cities.

 

[thommyjo]

Negative absorption in Toronto at lower inventory volumes. That's insane.

Immigration and international student tap has turned off. A needed rebalancing.

 

[policyenthusiast]

Edmonton’s housing affordability edge could slip in 2026: Conference Board of Canada​

In its report — “Major City Insights: Edmonton—January 2026” — released Tuesday, the CBoC says population growth in the city is expected to taper off after surging the past few years.

Housing prices have gone up and sluggish oil prices have limited Edmonton’s manufacturing capacity, the report says.

 

[IanO]

'Taper off' so not 40k a yr, just 20?

 

[Kosy123]

 

[_urbanite]

BGO buys Edmonton's Eleanor, Laurent towers from Maclab

From last month. Very curious to see what's next for Maclab

From the article:

"Data for the full year is not yet available, but the Edmonton multifamily market has continued to be hot in 2025 after a record-setting 2024. According to a fall 2025 report published by Avison Young, multifamily transaction sales volume totalled around $1.8 billion in 2024 and was already at around $1.15 billion in 2025 after Q2"