Edmonton

February 2024 Rental Market: Edmonton and Surrounding Areas

In recent years, the rental market in Edmonton and its surrounding areas has witnessed notable shifts and trends. From fluctuating rental rates to evolving tenant preferences, understanding the dynamics of this market is crucial for both landlords and renters alike. In this blog post, we delve into the latest rental market statistics, offering insights into key trends and developments.

It is essential to note that rental market conditions may vary significantly across different neighborhoods and regions within Edmonton and its surrounding areas. Factors such as proximity to urban centers, access to transportation, and neighborhood amenities can impact rental rates and demand. Landlords and property managers should carefully analyze local market trends and tailor their rental strategies accordingly to maximize returns and attract quality tenants.

As the rental market in Edmonton and surrounding areas continues to evolve, staying informed about the latest trends and statistics is vital for landlords, property managers, and renters. By understanding market dynamics, adapting to changing tenant preferences, and leveraging available resources, stakeholders can navigate the rental landscape effectively and achieve their objectives in the ever-changing rental market.

Whether you’re a landlord looking to maximize your rental property’s potential or a renter searching for your next home, our team is here to help. Contact us today to learn more about the rental market in Edmonton and surrounding areas and explore available rental opportunities tailored to your needs.

This report covers the rental market stats in Edmonton, Sherwood Park/ St. Albert, Fort Saskatchewan, Leduc/Beaumont and other surrounding cities.

Edmonton Real Estate Market January 2024

Slow and Steady Numbers a Good Start for 2024

“Slow and Steady Numbers a Good Sign for 2024” – The latest headline from Edmonton Real Estate Association.

Welcome to our first real estate market update of the year for the Greater Edmonton area! As we dive into the data, it becomes clear that the market is already buzzing with activity. With a surge in sales, rising benchmark prices, and a low inventory level, homeowners and prospective buyers are in for an intriguing year ahead. Let’s examine the latest trends and indicators that are shaping the real estate landscape in the Greater Edmonton Area.

Sales Surge and Reduced Inventory

Compared to January 2023, the market saw a remarkable 46% increase in sales, showcasing a highly energized market. At the same time, new listings experienced a more modest 4% increase. As a result, inventory dropped by 13% year-over-year, resulting in the lowest inventory levels observed in January since 2015. With just 3.16 months of inventory available, Greater Edmonton is firmly seated in a seller’s market.

Rising Benchmark Prices

In January, single-family home prices climbed by 4%, while townhouses and apartment-style condos experienced even more substantial growth, with increases of 7% and 6%, respectively, compared to January 2023. These price shifts indicate a bus market, providing a solid foundation for current homeowners and challenging prospects for potential buyers.

The Interest Rate Landscape

The Bank of Canada has diligently maintained steady interest rates for four consecutive decisions amidst moderating inflation. However, forecasters widely anticipate that rates may begin to drop in the third quarter of this year. Even as rates remain stable, the exciting news is that lenders are already offering 5-year fixed mortgages below 5%, which we haven’t witnessed in quite some time. This development opens up new opportunities for homeowners to secure favourable financing terms, creating more demand from buyers.

Record-breaking Net Migration and High Demand

Record-breaking net migration into the province continues to fuel demand in the Greater Edmonton Area. As newcomers flock to this region, well-priced and well-marketed listings frequently sell with multiple offers after only a few days on the market. 

✅ If you are interested in a free home evaluation or would like a market analysis on a potential property, call me direct at 780-777-9703! 

Information gathered from the Real Estate Association of Edmonton.

Jarett Johnson Real Estate

Discover Luxury Living in Trumpeter Edmonton!

The Flamenco by LuxuryPro Homes

The Flamenco

Welcome to the Flamenco by LuxuryPro Homes – a stunning 2-storey residence nestled in the serene community of Trumpeter, Edmonton. This magnificent home offers a breathtaking walkout that overlooks tranquil waters, ensuring unmatched privacy and a picturesque setting.

Spacious Open Concept Layout

The open-concept main floor showcases an off-set dining area, a high-quality kitchen equipped with built-in appliances, and a grand living room adorned with abundant windows that invite scenic views and ample natural light. Step out onto the rear deck from the dining area to enjoy the outdoors.

Unique Floor Plan

Spanning 2341 sqft, this unique floor plan boasts 4 bedrooms plus a den, 2.5 baths, and a generously-sized double attached garage. As you enter, you’re greeted by a main floor bedroom or den, complemented by a convenient half bathroom. The well-designed mudroom features a built-in bench and hooks, seamlessly leading to a walk-through pantry.

Contact Me Today

Don’t miss the opportunity to make the Flamenco your new haven, where luxury meets functionality, and every detail is meticulously designed for a superior living experience. Contact us today to schedule a viewing and embark on your journey to luxury living in Trumpeter!

View This Home!

Move In Ready Homes by LuxuryPro Homes

The Jive | 21028 128 Ave NW, Edmonton, Alberta

The Waltz | 20904 128 Ave NW, Edmonton, Alberta

Edmonton Real Estate Market | October 2023

🏠 Real Estate Market Update October 2023

“Despite Interest Rate Worries, Low Inventory Causes Increase in Average Sale Prices” – The latest headline from Edmonton Real Estate Association. Single-family detached homes were up 12.6% from October 2022 but a decrease in sales of 12.7% from Sept 2023. Detached homes averaged $486,751, Semi-detached sold for an average of $385,895 (9% increase from last month), and row/townhouses sold at $258,779 – 26.4% increase year-over-year.

Edmonton and surrounding areas continued its hot streak in October – with sales up and inventory dropping compared to last year. Low inventory but high demand has kept this a seller’s market in Edmonton. Homes are still often selling with multiple offers (albeit not the crazy bidding wars we’ve seen earlier this year).

✅ If you are interested in a free home evaluation or would like a market analysis on a potential property, call me direct at 780-777-9703! 

Information gathered from the Real Estate Association of Edmonton.

Jarett Johnson Real Estate

Realty Executives Focus

New Home Sales Fort Saskatchewan Alberta!

What a busy month it’s been for our builders in Westpark, Fort Saskatchewan and its not over yet!

The Thriving Westpark Community

Westpark, Fort Saskatchewan, has long been a magnet for those seeking the perfect blend of small-town charm and urban convenience. With a strong sense of community, excellent amenities and proximity to Edmonton, Sherwood Park, and other surrounding areas, it’s no wonder that Westpark is a hot market for new home sales!

Over the past few months, Westpark homes has seen an upsurge of interest from out-of-town buyers and Edmonton-area residents looking to call this beautiful community… home. The appeal of Westpark is evident in our numbers with Langdale Group of Builders: 3 SOLD, 3 PENDING, and an additional 3 JUST LISTED.

Your Path to a New Home

Whether you’re a first-time homebuyer, a growing family, or someone looking to downsize, our homes offer a variety of housing options to suit your needs. From cozy single- family homes to spacious duplexes, there’s something for everyone. The blend of contemporary and natural surroundings makes Westpark a coveted destination for those who appreciate the best of both worlds.

Connect with an Expert

If you’re interested in buying or building your new home in Westpark, you’re in good hands. With 18 years of experience in the real estate industry and a deep connection to this city, I am here to guide you through the process. My knowledge and expertise will be your greatest assets as you embark on this exciting journey of homeownership.

Your New Beginning Awaits

Westpark is more than a market; it’s a vibrant, welcoming community that’s ready to embrace new residents. From it’s scenic River Valley views to excellent schools and a strong sense of community, Westpark offers the perfect backdrop of your new life’s chapter.

Join us in Westpark, and let’s make your dreams of homeownership a reality. Contact me today or visit our Sales Centre Open Saturdays and Sundays from 12-3PM.

✅ If you or anyone you know would be interested in this property or similar properties, call me direct at 780-777-9703! 

Where to Find Me

🏠 Edmonton Real Estate Market Update September 2023

Average Price for Single Family Detached Homes in the Greater Edmonton Area

Fall Market Brings Cooling Effect

“Fall Market Brings Cooling Effect” – The latest headline from Edmonton Real Estate Association. Single-family detached homes were up 25.8% from September 2022 but a marginal decrease in listings of 3.3% from August 2023. Detached homes averaged $493,023 (significant decrease from last month), Semi-detached sold for an average of $353,929, and row/townhouses sold at $267,100.

We’re continuing to see the trend of a higher number of sales in 2023 compared to last year but market is still slowing down as we head in to the cooler months. The Bank of Canada’s next interest rate announcement will be October 16, 2023! Let’s stay tuned to see how the market plays out.

✅ If you are interested in a free home evaluation or would like a market analysis on a potential property, call me direct at 780-777-9703! 

Information gathered from the Real Estate Association of Edmonton.

Jarett Johnson Real Estate | Realty Executives Focus

Sold in Parkallen!

🏠 10959 71 Ave , Edmonton, Alberta

Happy 1st of October 🍂🎃 We are SOLD in Parkallen! Congratulations to my out of town clients on the sale of their awesome property in Parkallen, Edmonton. Single family home with legal secondary suite (both suites rented long term).

✅ If you are interested in a free home evaluation or would like a market analysis on a potential property for rental, let’s have a chat! Call me direct at 780 777 9703!

Real Estate Market Update August 2023 🏠

“High Demand for More Affordable Properties” – The latest headline from Edmonton Real Estate Association. Single-family detached homes were up 21.8% from August 2022 but a marginal decrease of 3.1% from July 2023. Detached homes averaged $495,005 (significant decrease from last month) Semi-detached sold for an average of $373,175, and row/townhouses sold at $253,345.

Not unusual to see a slow down in the market heading into the cooler months! However, we are seeing a high interest in smaller, more affordable properties with Row/Townhouses selling 50% more units than the same time last year and jumping 23.5% from July.

✅ If you are interested in a free home evaluation or would like a market analysis on a potential property, call me direct at 780-777-9703! 

Information gathered from the Real Estate Association of Edmonton.

Jarett Johnson Real Estate

Realty Executives Focus

This report covers the rental market stats in Edmonton, Sherwood Park/ St. Albert, Fort Saskatchewan, Leduc/Beaumont and other surrounding cities.

New Home Sales 🏡

Building Quality Built Family Homes in Edmonton, Fort Saskatchewan and St. Albert!

Incredibly grateful to be working alongside builders building beautiful quality built single family homes in the Greater Edmonton Area. We are currently building homes in the family friendly and highly desirable communities of Trumpeter, Edmonton; Westpark, Fort Saskatchewan and Erin Ridge, St. Albert!

Here are some of our available quick possession and pre-sale homes! We also have homes under construction not on market yet.

Live in Trumpeter, West Edmonton!

Situated on the shores of Big Lake, Trumpeter is part of a community legacy. Since 2010, the Big Lake neighbourhood has seen the addition of three communities and over 2000 households and will grow to five communities at the completion of the Big Lake neighbourhood.


Live in Westpark, Fort Saskatchewan!

Located near the Wetlands Conservation Area and the North Saskatchewan River, WestPark provides quick access to some of Fort Saskatchewan’s most scenic walking and biking trails. Surrounded by nature but close to everything a family needs, it provides the perfect balance between tranquillity and convenience. Residents can also enjoy easy access to Highway 21, making their commute to Sherwood Park or the Big City fast and simple.


Build Custom Dream Home

If you are interested in building your custom home in of our available lots, contact me today!

68 Unit Apartment Acquired!

68 Unit Apartment Building For Rent in Bruderheim, Alberta

We are extremely proud to announce that we are now managing this amazing 68 Unit Apartment Building just outside of Fort Saskatchewan, Alberta!

Building Features:

  • 1 & 2 Bedrooms with Utilities Included
  • Balcony and Parking Stall for Each Unit
  • Month to Month or Yearly Leases Available
  • Building Manager Available

One of the perks of working with Realty Executives Focus is that we are a Full Service Real Estate Brokerage. Not only can we assist clients with buying/selling real estate, but we can also manage your properties. We are managing rentals in Edmonton, Sherwood Park, Fort Saskatchewan, St. Albert and beyond!

We manage anywhere from basement suites and half duplexes to single family homes and acreages to full size apartment buildings and townhouses.

✅ If you are interested in our Property Management services, please visitor click here or call me at 780-777-9703!

Jarett Johnson Real Estate
Realty Executives Focus

Where to find me: