Vital Home Realty Blog

Edmonton Real Estate Market Update: Why January 2025 is the Perfect Time to Buy!

As we kick off 2025, Edmonton’s real estate market is showing no signs of slowing down. With rising prices, high demand, and low inventory, all indicators point to one thing: now is the best time to buy a home before prices climb even further. At Vital Home Realty, we’ve seen firsthand how this market is evolving, and with years of experience in both the Alberta and Ontario markets, we’re here to help you make the most of this opportunity. If you’ve been waiting on the sidelines, this could be your golden moment to secure a property before prices rise even higher.

Current Market Snapshot

• Sales Activity: December 2024 saw 1,428 residential unit sales in the Greater Edmonton Area (GEA), representing a 17.2% increase compared to the same time last year. This significant jump highlights the growing demand for homes in Edmonton. — Source: REALTORS® Association of Edmonton

• New Listings: Meanwhile, only 1,367 new residential listings came on the market, marking a 7.3% decrease year-over-year. This tightening inventory is what’s driving up prices and creating fierce competition among buyers. — Source: REALTORS® Association of Edmonton

• Average Prices:

  • Detached Homes: The average price surged to $540,232, reflecting a 10.6% increase year-over-year.

  • Semi-Detached Homes: Averaged at $408,823, up 12.3%.

  • Row/Townhouses: Increased by 12.3% to an average of $292,640.

  • Apartment Condominiums: Experienced the largest jump, with prices rising 19.8% to $203,920. — Source: REALTORS® Association of Edmonton

Market Trends and Projections

• Seller's Market: With low inventory and high demand, Edmonton remains a strong seller’s market. Industry experts expect this trend to continue throughout 2025. Buyers who act now can still lock in a property before prices climb even higher. — Source: RE/MAX Blog

• Price Growth: Analysts forecast a 10% increase in average residential sale prices across all property types in 2025. If you’re thinking about buying, acting sooner rather than later could save you thousands of dollars in the long run. — Source: RE/MAX Blog

Why Buyers Are Flocking to Edmonton

At Vital Home Realty, we’ve noticed a growing trend of buyers from Ontario and British Columbia flocking to Edmonton for its affordable housing options and strong economic prospects. Being from Ontario ourselves, we understand exactly why so many individuals are relocating here: you get more value for your money, while still enjoying a vibrant city with great amenities. The demand remains high, and with interprovincial migration increasing, competition for homes will only intensify.

Who’s Buying Right Now?

• First-Time Buyers: Many first-time buyers are seizing the opportunity to purchase single-family homes in the $350,000 to $450,000 range.

• Move-Up Buyers: Homeowners looking to upgrade are actively seeking properties priced between $600,000 and $800,000.

• Retirees: Downsizing into condominiums and townhouses priced between $150,000 and $400,000 remains a popular choice for retirees. — Source: RE/MAX Blog

Why Wait? Now is the Time to Act

Several key factors make now the ideal time to buy:

• Interprovincial Migration: Edmonton’s affordability continues to attract buyers from provinces like Ontario and British Columbia. With increased competition from out-of-province buyers, waiting could mean missing out on the perfect home. — Source: RE/MAX Blog

• Interest Rates: While interest rates have been a topic of concern, they’ve recently stabilized, making it easier for buyers to secure financing without the fear of sudden hikes. — Source: Juriscorp Law

• New Construction: Although new development projects are underway, they haven’t kept pace with demand, meaning inventory will remain tight for the foreseeable future. Acting now ensures you don’t get priced out of the market as supply struggles to meet demand. — Source: RE/MAX Blog

Conclusion: Don’t Miss Out on This Golden Opportunity

Edmonton’s real estate market in early 2025 offers a unique window of opportunity. With prices on the rise, a stable interest rate environment, and increasing demand from local and out-of-province buyers, the time to act is now.

At Vital Home Realty, we combine years of experience in both the Ontario and Alberta markets to provide unparalleled insight and personalized service. Whether you’re a first-time buyer, a seasoned investor, or someone looking to upsize, we’re here to guide you every step of the way. Don’t let this opportunity slip through your fingers—get in touch with us today, and let’s make 2025 the year you secure your dream home.

Contact Us
Brittany Louiseize
Founder & Team Lead
Vital Home Realty, eXp Realty
Phone: 705-555-1234 (Ontario Number, based in Edmonton)
Email: Brittany.louiseize@exprealty.com
"Revitalizing Your Home and Investments!"