Thinking about making the move from Vancouver or Toronto to Edmonton? You’re not alone. In the past few years, Edmonton has become one of Canada’s most attractive cities for people looking for affordable housing, strong job opportunities, and a balanced lifestyle.

If you’ve been dreaming about shorter commutes, lower housing costs, and still having access to urban amenities, Edmonton might be your next best move.

Housing Prices: Edmonton vs. Vancouver vs. Toronto

One of the biggest reasons people leave Vancouver or Toronto for Edmonton is the massive difference in real estate costs.

CityAvg. Detached Home Price (2025)Avg. Condo Price (2025)Rent for 1-Bedroom (2025)Vancouver$1.6M – $2M+$750K – $850K$2,500 – $3,200/monthToronto$1.3M – $1.6M$650K – $750K$2,300 – $2,900/monthEdmonton$450K – $550K$220K – $300K$1,200 – $1,600/month

💡 Why it matters:

• In Edmonton, you can often buy a detached home for less than the cost of a condo in Vancouver or Toronto.

• First-time homebuyers find Edmonton’s market far more accessible, especially with lower property taxes and no provincial sales tax in Alberta.

• More affordable housing means you can allocate more of your budget toward travel, hobbies, and savings.