Hey there, future homeowners, savvy sellers, and real estate enthusiasts! If you’ve been wondering where the housing market is headed in 2025, you’re in the right place.
We’re diving deep into what happened in 2024 vs. what was predicted and looking ahead to see what opportunities lie ahead for buyers, sellers, and investors. Whether you're planning to buy, sell, or just stay informed, this forecast will help you make smart real estate decisions.
A Look Back: What Happened in 2024?
2024 was a rollercoaster year for real estate. Predictions were made by experts from CMHC, BMO, and other industry analysts—but did they get it right? Let’s break it down:
Interest Rates: At the beginning of 2024, interest rates were hovering around 5%. By December, they had dropped to 3.25%, sparking more activity in the housing market.
Housing Prices: The market saw a surprising increase in home values, far exceeding expectations. Edmonton remained one of the most affordable cities in Canada, but price growth was strong across all property types:
Detached Homes: Predicted to rise by 1%, but actually jumped 8.9%
Duplexes: Expected to grow 1.2%, but saw 9.5% growth
Townhouses: Predicted for 1% growth, but prices increased by 12.6%
Condos: Expected to rise by 1%, but saw 5.5% growth
Demand and Sales: The market was stronger than predicted, with unit sales in all categories growing by over 20%. The biggest surprise was apartment-style condos, which saw a 29.6% increase in sales—proof that affordability and population growth are driving demand.
2025 Market Predictions: What's Next?
Experts are predicting slower growth than 2024, but here’s what we’re watching closely:
Home Prices: Predicted to rise 2.4% across all property types, but certain categories, like townhomes and duplexes, could see much higher increases due to strong demand.
Interest Rates: Expected to decrease further, making homeownership more affordable. Lower rates could mean more buyers entering the market.
New Listings: Forecasted to grow by 4.1%, but inventory could still be tight in key segments. The best properties will sell quickly.
Neighborhood Hotspots: Communities like Southwest Edmonton, Summerside, and Chappelle continue to be in high demand due to new developments, amenities, and affordability.
- Investor Interest: Investors from Toronto and Vancouver are focusing on Edmonton for its affordability and rental demand. If you are considering real estate investments, 2025 could be a prime year to enter the market.
What This Means for Buyers & Sellers For Buyers: If you are waiting for prices to drop—do not. Prices are expected to keep rising, even if rates drop. Entering the market sooner rather than later is a better strategy.
For Sellers: If you have been considering selling, 2025 remains a strong year to list your property. With demand remaining high and inventory still catching up, you may achieve a favorable selling price.
For Investors: With population growth and affordability compared to other major cities, Edmonton remains a top market for real estate investments. The rental market is expected to stay strong, making it an excellent time to invest in rental properties
Final Thoughts: Big Opportunities in 2025!
The 2025 real estate market presents numerous opportunities. Whether you are a buyer, seller, or investor, staying informed and proactive is key.
What are your thoughts on the market? Do you agree with the predictions? Share your insights in the comments below.
For a more detailed analysis of the 2025 real estate forecast, watch our full breakdown on YouTube, where we analyze the market, share expert insights, and discuss what buyers and sellers need to know. Watch now on our YouTube channel.
If you need expert advice on buying, selling, or investing in Edmonton real estate, reach out today. Let’s discuss your goals and how to maximize opportunities in 2025.