Edmonton Real Estate Market Cools Slightly, But Opportunity Remains, Says Local Realtor
- Wayne Hillier
- Jun 9
- 3 min read
By Wayne Hillier, Canadian Real Estate Investing Coach | REI Masters
June 9, 2025 | Edmonton, AB
As summer hits full swing, Edmonton's real estate market is showing signs of balance. After months of fierce competition and rapid-fire sales, new data suggests buyers may finally be catching a break, but only if they act fast.
"Listings are up almost 28% since April," says Korey Fenz, realtor with Calvin Realty and one of Edmonton’s go-to investor-focused specialists. “Buyers can breathe a little easier now. Properties are sitting slightly longer, and we’re even seeing price drops in some cases.”
Fenz, who joined me for a live podcast interview this morning, noted that the market's early year momentum was intense, especially in the investment property segment. “From January through April, it was a feeding frenzy. Investors had to act instantly if they wanted a shot,” he said. “But now that we’re in June, we’re seeing a bit of a reset.”
A Window for Savvy Buyers
With more inventory on the market, some sellers who initially priced aggressively are being forced to adjust. “They were pushing the ceiling on price because they could. But now? Not everything is flying off the shelf anymore,” said Fenz. “We’re having new conversations about fair pricing and market strategy.”
For real estate investors, this creates a brief window of opportunity. Suited homes and townhouses, long-time staples for cash-flow investors, remain popular. But the bidding wars that defined the first quarter are beginning to taper off.
“If you’ve been losing deals for months, now’s your moment to revisit some of those listings,” Fenz advised. “Check out the ones that didn’t sell. Maybe those sellers are finally ready to negotiate.”
Prices Dip Slightly, But Demand Holds
According to market data shared by Calvin Realty, the average selling price in Edmonton has dipped 1.4% month-over-month across all residential property types. Detached homes, townhouses, and condos all contributed to that slight drop, with only semi-detached homes holding firm.
Meanwhile, the average days on market has leveled out. “It’s now closer to last year’s pace, around 27 to 28 days,” Fenz said. “Apartments are sitting longer, closer to 40 days, which is typical.”
Still, Fenz emphasized that quality listings, especially those that are move-in ready or recently renovated, are continuing to sell fast. “The good ones are still going in multiples,” he said. “But the difference now is that buyers have more to choose from. They don’t have to fight as hard.”
Suited Homes Still a Strong Bet
One segment that’s holding strong is suited homes. Fenz says they continue to be in demand with both investors and homebuyers.
“They’re resilient, plain and simple,” he said. “Whether it’s investors looking for cash flow or families buying a home with a mortgage helper, suited homes just work.”
In fact, many listings that look like solid rental properties are being snapped up by end users looking for space for extended family. “The suited house is still the most storm-proof asset class in the city,” I added during our discussion. “They tend to meet the 5% Rule™, which means they offer enough cash flow to weather almost anything like inflation, vacancies, or interest rate hikes.”
Advice for the Summer Market
If you’re looking to buy, Fenz has a clear message: don’t wait too long.
“The best listings will still move fast. So be ready to pull the trigger,” he said. “But you’ve got options now. Talk to your realtor, revisit stale listings, and don’t be afraid to negotiate.”
For sellers, the message is different: pricing matters. “If your place isn’t moving, it’s probably not the market, it’s the price,” said Fenz.
Listen to Today’s Episode:
Real Estate Investing Morning Show – Hosted by Wayne & Gabby Hillier
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