Edmonton Real Estate & Homes For Sale
Edmonton is the capital city of the province of Alberta in Canada, situated on the North Saskatchewan River, in the center of the Edmonton Capital Region. Edmonton has an estimated population of 835,000, making it the 2nd largest city in Alberta and the 5th largest municipality of Canada. Edmonton has a humid continental climate. It experiences a prairie-steppe-type environment. Edmonton usually enjoys sunny weather, even in winter, and the majority of rainfall takes place in summers. Nights during summer are relatively cool. It experiences a long snow season along with freezing winters. Snow depths of greater than 1 cm are seen on about 141 days. The temperature during summer and winters can vary considerably. In summers, mercury can go as high as 35° C and fall as low as -40° C in winters.
Edmonton Real Estate Trends and Information
The population of Edmonton was 932,546 during the 2016 Census; this means that Edmonton witnessed a 2.80% population growth rate. The city of Edmonton, with an area of 685.25 square kilometres, has a population density of 1,186 people per square kilometre.
- AGE: Edmonton is a young city with an average age of 37.8 years. A youthful population brings more growth opportunities and chances of development and innovation. Here in Edmonton, the majority age group constitutes the working-age group which ranges from 15 to 64 years. The second largest group is the youngest residents (0 to 14 years), which makes up 18.4% of the total population. The smallest age group ranges from 85 years and above and accounts for only 1.6%.
- Diversity: In 2011, the ethnic composition of the city was as follows:
- The major racial group was the Whites (64.7%), followed by South Asians (7.2%). The third-largest group was the Chinese, which accounted for 6.2% of the total population. Edmonton has a pretty diverse society which includes Filipino (4.6%), Black (3.8%), Southeast Asian (1.9%), Latin American (1.7%), Arab (1.7%) and more.
Homes For Sale in Edmonton
Dwellings in Edmonton are of various types based on their structure. These include Apartments, Rowhouses, Detached houses and semi-detached houses:
- Single Detached Houses: 287,775
- Other Attached Dwellings: 180,580
- Semi Detached Houses: 31,195
- Apartments Duplex: 10,680
- Other Single Attached Houses: 165
The total number of persons who were living in private households was 1,297,280.
The average household size was 2.6
Edmonton Housing Market
Property Type Distribution
Average Sold Price
- All Property Types: $384,874
- Condos | Apartments: $227,559
- Average Sold Price: $460,96
- Price Change: 4.8% increase
- Sold Percentage: 4.9% increase
- Average Sold Price: $355,326
- Price Change: 7.1% increase
- Sold Percentage: 11.4% increase
CONDOS | APARTMENTS
- Average Sold Price: $227,559
- Price Change: 2.1% decrease
- Sold Percentage: 25.6% increase
Currently, the average rent for a 1-bedroom apartment in Edmonton, AB is $950. The average rent price has remained unchanged.
Currently, the average rent for a 2-bedroom apartment in Edmonton, AB is $1,200. This indicates a 2% decrease compared to the previous year.
Public education is free of charge in Alberta, so is the case in Edmonton. Hence public education for all students from 6 to 18 years is completely free. However, for instruction in private schools, the students have to pay the requisite fees. As for Post-secondary education, the following institutions provide after-school diplomas and degrees:
- Alberta College of Art + Design
- Concordia University of Edmonton
- Le Campus Saint-Jean (University of Alberta)
- Metro Continuing Education
- Newman Theological College
- NAIT (Northern Alberta Institute of Technology)
- Taylor College & Seminary
- University of Alberta Faculty of Extension
- Yellowhead Tribal College
The economy of the city depends on different sectors:
- Health and Life Sciences: Alberta Health Services (AHS) is Canada's largest, fully-integrated healthcare system, providing medical services to about 4 million people across the province.
- Digital Technologies: Edmonton is becoming famous for nanotechnology, big data and analytics, and machine intelligence (AI). Edmonton is home to The Alberta Machine Intelligence Institute (Amii), which promotes business understanding of artificial intelligence and machine learning.
- Education: The city is home to six publicly post-secondary institutions, which provide education to 180,000 full and part-time students. Besides the above three sectors, the energy sector, manufacturing and religious sector make up the economy of Edmonton.
Edmonton is home to many places which are worth visiting !
- West Edmonton Mall: Canada’s West Edmonton Mall is not only Canada’s but one of the world’s biggest shopping centres. Besides hundreds of world-famous brands, the mall also contains a hotel, movie theatres, an ice rink and an aquarium. Galaxyland is the mall’s most attractive point, one of the world's largest indoor amusement parks, boasting a variety of family-friendly rides, including a triple-loop roller coaster.
- Royal Alberta Museum: Relocated in 2018, The Royal Alberta Museum is Western Canada's largest museum. The museum includes many cultural exhibits which represent the cultural and historical aspects of Canada. Additional facilities have been added, such as a huge new kids' gallery, and a bigger bug room with live invertebrates and a visible nursery.
- Elk Island National Park & Beaver Hills: This national park is a 30-minute drive from Edmonton and covers a wooded area with lakes and wetlands. It is home to all kinds of wildlife, including moose, elk, deer, and beaver. The main attraction of this park is a large herd of buffalo (bison). The Beaver Hills area has been designated a UNESCO Biosphere Reserve and includes a dark sky preserve, a bird sanctuary, and a wilderness center.
- Ukrainian Cultural Heritage Village: This open-air museum was built to preserve the immigrants' cultural heritage from Bukovina and Ukraine. Locally known as The Village, the place reminds of the then buildings and lifestyle.
- Alberta Legislature Building: In a park-like garden is the 1913 Legislature Building. It is a picturesque building whose terrace provides breathtaking views across the North Saskatchewan River to the far bank.
FAQs (Edmonton Real Estate)
- Q1 What is the average sold price of detached houses in Edmonton ?
The average sold price of detached homes in Edmonton is $460,96.
- Q2 What is the average price of houses in Edmonton ?
The average price of homes in Edmonton is $384,874.
- Q3 What is the average sold price of Condo Apartments in Edmonton ?
The average sold price of a condo apartment in Edmonton is $227,559.
- Q4 What is the average rent for a 1-bedroom apartment in Edmonton, Alberta ?
The average rent for a 1-bedroom apartment in Edmonton, AB, is $950.
- Q5 What is the average rent for a 2-bedroom apartment in Edmonton, Alberta ?
The average rent for a 2-bedroom apartment in Edmonton, AB is $1,200.