Buying a Home in Edmonton

Whether you're new to the city or a first-time buyer, here’s everything you need to know.

Why Buy in Edmonton

  • Cost of living compared to other Canadian cities

  • Affordable housing

  • Growing job market

  • Diverse neighbourhoods

  • Access to nature, festivals, and family-friendly activities

Featured Neighborhoods

Summerside

  • Price Range: $400K–$700K

  • Home Styles: Detached, townhomes, some condos

  • Vibe: Family-oriented, newer homes, private lake access

  • Amenities: Beach Club, walking trails, close to Ellerslie shops

  • Transit & Commute: Car-friendly, limited transit, ~25 min to downtown

  • Pros: Great for families, recreation, and newer homes

  • Cons: Car-dependent, not walkable

  • Fun Fact: One of the only communities in Edmonton with a private lake!

Ritchie

  • Price Range: $350K–$850K

  • Home Styles: Mix of older character homes and new infills

  • Vibe: Hip, walkable, community-driven

  • Amenities: Ritchie Market, Mill Creek Ravine, schools

  • Transit & Commute: Good transit and bike paths, 10–15 min to downtown

  • Pros: Trendy, access to nature, great local food scene

  • Cons: Parking can be tricky, older homes need updates

  • Fun Fact: Ritchie Market is a local hub with a brewery, butcher, and café.

Griesbach

  • Price Range: $400K–$800K

  • Home Styles: New traditional-style homes, townhouses, condos

  • Vibe: Modern with historic military roots

  • Amenities: Lakes, walking trails, retail hub, new school

  • Transit & Commute: 20–25 min downtown, car + bus

  • Pros: Clean, well-planned, ideal for families and professionals

  • Cons: Still under development in parts

  • Fun Fact: Built on former Canadian Forces Base land, with streets named after military heroes.

Step-by-Step Home Buying Process

FAQ’s

  • Down payments need to be at least 5% (on a $350,000 5% is $17,500)

  • Greater Edmonton home prices for all types are averaging $452k.
    Detached homes: $560K
    Semi-Detatched homes: $429K
    Townhomes: $297K
    Condos: $203K

    ‍ ‍ *October 2025 From REALTORS Association of Edmonton* Greater Edmonton Area includes Edmonton, Strathcona County, Sherwood Park, Parkland County, St. Albert, Spruce Grove, Leduc, Fort Saskatchewan, Beaumont, Sturgeon County, Stony Plain, Leduc County, Morinville, Devon, Gibbons, Calmar, Redwater, Bon Accord, Bruderheim, Legal, Thorsby,

  • This is a very complicated question

  • Item description
Download Your Buyer Checklist
Schedule a Free Consult

Break down the buyer journey. Consider this structure:

  1. Get Pre-Approved

  2. Work With a REALTOR® (this is where you shine)

  3. Determine Must-Haves & Nice-to-Haves

  4. Explore Neighbourhoods

  5. View Properties

  6. Make an Offer

  7. Home Inspection & Conditions

  8. Closing the Deal

  9. Moving In

Each step could have a short paragraph + icons or checkmarks for visual interest.

First-Time Buyer Incentives & Financing Tips

  • Overview of government programs

  • First-Time Home Buyers' Tax Credit

  • CMHC-insured mortgage info

  • Local lender tips or contacts

Why Work With
Connect to Homes?