Canada · Home prices
How Edmonton home prices compare across Canada
As of May 2026, the benchmark price of a typical home in greater Edmonton is $425,200 — the most affordable of the major markets below. Metro Vancouver runs about 2.6× that, and Greater Toronto about 2.2×. Every market here is the MLS® Home Price Index benchmark — the one price line published the same way across the country (Source: CREA).
Greater Edmonton benchmark
$425,200
MLS® HPI composite · −1.6% yr/yr · May 2026
5-year change
+14.4%
benchmark, greater Edmonton
Vancouver vs Edmonton
2.6×
$1,100,700 benchmark
Toronto vs Edmonton
2.2×
$946,500 benchmark
The price ladder, by market
Benchmark composite prices, cheapest to most expensive. Each market is labelled by its geography — these are board, regional and national series, not city-limits figures, so read the tier alongside the price.
| Market | Area | Benchmark | 1-yr | 5-yr |
|---|---|---|---|---|
| Edmonton | greater Edmonton board area | $425,200 | −1.6% | +14.4% |
| Calgary | Calgary board area | $573,000 | −1.8% | +26.0% |
| Canada | Canada (aggregate) | $667,700 | −4.1% | −3.0% |
| Greater Toronto | Greater Toronto Area | $946,500 | −6.7% | −8.0% |
| Greater Vancouver | Metro Vancouver | $1,100,700 | −6.2% | +1.3% |
Source: CREA — MLS® Home Price Index. As of May 2026. “Greater Edmonton” is the greater Edmonton board area; Calgary the Calgary board; Toronto and Vancouver their regional aggregates; Canada the national aggregate.
Twenty years of benchmark prices
The composite benchmark every month since 2005. The gap between Edmonton and the priciest markets is the story — and Edmonton and Calgary kept climbing through the last five years while Toronto and Vancouver levelled off.
Reading the chart: each line is one market's composite benchmark, every month from January 2005 to May 2026. They share one dollar axis, so the vertical distance between lines is the real price gap.
About this comparison
This page shows prices only, on purpose. The MLS® Home Price Index is the one measure published the same way by every board, so it's the clean apples-to-apples comparison — and the public CREA download covers every market here with one attribution. Other market stats (sales, inventory, days-on-market) are published under different terms board by board, so they're not shown here. Every series is a board, regional or national benchmark, labelled accordingly — not the price a specific home would sell for, and not a city-limits figure.
Edmonton vs Canada — FAQ
Is Edmonton cheaper than other major Canadian cities?
Yes — as of May 2026, the MLS® Home Price Index composite benchmark for greater Edmonton is $425,200, the lowest of the major markets here. Greater Vancouver ($1,100,700) is about 2.6× that, and Greater Toronto ($946,500) about 2.2×. The benchmark is the price of a typical home, so it's an apples-to-apples comparison (Source: CREA).
How have home prices changed across Canada?
Over five years the benchmark is +14.4% in greater Edmonton and −8.0% in Greater Toronto, +1.3% in Metro Vancouver — the prairie markets grew while the priciest markets gave ground. Over the past year every market here is down (−1.6% in greater Edmonton). Source: CREA, MLS® Home Price Index.
What is the MLS® Home Price Index, and why use it to compare cities?
The MLS® Home Price Index measures the price of a benchmark "typical" home with constant features, so it strips out differences in the mix of homes that sold. That makes it the one price line published the same way across every Canadian board — the cleanest apples-to-apples comparison. It is a board/region-level measure, not the price a specific home would sell for. Source: CREA.
Sources & licence
- Source: CREA — MLS® Home Price Index (public benchmark prices, board / regional / national level).
The MLS® Home Price Index benchmark is the price of a typical home held constant over time — it is not the price a specific home would sell for, not a sale price, and not an appraisal. Markets are compared at board, regional or national level, not city limits. Trevor Tardif is a licensed REALTOR® with REAL Broker AB Ltd, Edmonton, Alberta. Content on this site does not constitute financial or investment advice.
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