# Daly Grove: Edmonton's Q2 2026 Sales Drop 8.5% as Inventory Rises 15.1% Edmonton residential sales fell 8.5% year-over-year in Q2 2026 to 8,437 units, while inventory rose 15.1% relative to the same period last year. The MLS® Home Price Index composite benchmark price decreased 0.6% month-over-month and 0.6% year-over-year. Published 2026-10-11. Evidence snapshot 2026-10-12. ## Key facts and reporting periods - Average Sale Price: 457000 cad. Property type: SingleFamily. Scope: Edmonton, AB. Reporting date: 2026-10-11. [Source](https://www.canadianrealestatemagazine.ca/expert-advice/homeownership-in-canada-what-to-expect/) - Average Sale Price: 469602 cad. Property type: All. Scope: Edmonton, AB. Reporting date: 2026-10-10. [Source](https://stats.crea.ca/board/edmo/) - Average Sale Price: 424322 cad. Property type: SingleFamily. Scope: Edmonton, AB. Reporting date: 2026-10-10. [Source](https://stats.crea.ca/board/edmo/) - Average Sale Price: 469602 cad. Property type: All. Scope: Edmonton, AB. Reporting date: 2026-10-10. [Source](https://stats.crea.ca/board/edmo) - Average Sale Price: 424322 cad. Property type: SingleFamily. Scope: Edmonton, AB. Reporting date: 2026-10-10. [Source](https://stats.crea.ca/board/edmo) - Benchmark Price: 426900 cad. Property type: All. Scope: Edmonton, AB. Reporting date: 2026-10-10. [Source](https://stats.crea.ca/board/edmo/) - Benchmark Price: 426900 cad. Property type: All. Scope: Edmonton, AB. Reporting date: 2026-10-10. [Source](https://stats.crea.ca/board/edmo) - New Listings: 3769 count. Property type: All. Scope: Edmonton, AB. Reporting date: 2026-10-10. [Source](https://stats.crea.ca/board/edmo/) ## Market summary Edmonton residential sales fell 8.5% year-over-year in Q2 2026 to 8,437 units, while inventory rose 15.1% relative to the same period last year. The MLS® Home Price Index composite benchmark price decreased 0.6% month-over-month and 0.6% year-over-year. ## Central finding Edmonton's housing market shows a measurable shift toward buyer leverage in late 2026, with Q2 2026 residential sales down 8.5% year-over-year and inventory up 15.1% year-over-year. This is not a measured Daly Grove result; it is a city-level observation that frames the broader market context for any local transaction. Sources: [Edmonton Residential Activity | CREA Statistics](https://stats.crea.ca/mls/edmo-residential-activity) [REALTORS® Association of Edmonton | CREA Statistics](https://stats.crea.ca/board/edmo) ## How the numbers connect The spread between the year-over-year decline in total residential sales and the year-over-year increase in inventory indicates a widening gap between supply and demand in Edmonton. Calculation: Sales Change (YoY): -8.5%; Inventory Change (YoY): +15.1%. Spread = 15.1 - (-8.5) = 23.6 percentage points of divergence. Definitions: Residential property sales are counted units sold in Q2 2026 compared to Q2 2025. Inventory levels are active listings compared to the same period last year. Both measures are for the Greater Edmonton Area. Limit: This calculation does not establish a causal link between inventory growth and sales decline, nor does it measure conditions in Daly Grove specifically. Sources: [Edmonton Residential Activity | CREA Statistics](https://stats.crea.ca/mls/edmo-residential-activity) [REALTORS® Association of Edmonton | CREA Statistics](https://stats.crea.ca/board/edmo) ## Edmonton Sales Volume Falls While Inventory Accumulates In the second quarter of 2026, Edmonton recorded 8,437 residential property sales, a decrease of 8.5% compared to the same quarter in 2025. Concurrently, new listings totaled 3,769 in August 2026, representing an 8.1% month-over-month drop but a 3.3% year-over-year increase. More significantly, overall inventory levels rose 15.1% relative to the same period last year, signaling ample supply in the Greater Edmonton Area. These figures are city-wide measurements and do not constitute a direct measurement of transaction activity within Daly Grove. The MLS® Home Price Index composite benchmark price in the GEA stood at $426,900, decreasing 0.6% from July 2026 and 0.6% year-over-year. Detached homes averaged $575,575, showing a 1.6% month-over-month decrease but a 1.0% year-over-year increase. This divergence suggests that while the aggregate market is cooling, the single-family segment retains upward price momentum, likely due to persistent demand for land-based housing despite higher borrowing costs. Sources: [Edmonton Residential Activity | CREA Statistics](https://stats.crea.ca/mls/edmo-residential-activity) [REALTORS® Association of Edmonton | CREA Statistics](https://stats.crea.ca/board/edmo) [REALTORS® Association of Edmonton | CREA Statistics](https://creastats.crea.ca/board/edmo/) ## Mortgage Renewals and Rate Forecasts Shape Borrowing Capacity Borrowers renewing pandemic-era five-year fixed-rate mortgages face an average 15% increase in monthly payments over the next year, affecting approximately 12% of all outstanding Canadian mortgages. In Edmonton, fixed mortgage rates were forecast to remain between 3.75% and 4.25% for the remainder of 2025, while variable rates could fall by around 0.5% if the Bank of Canada reduces its policy rate. These financing conditions apply to the national and provincial markets and do not establish a specific change in borrowing behavior or transaction outcomes within Daly Grove. The transmission of these macro-financing pressures to local neighborhoods depends on household income levels and existing debt loads. With Edmonton's average household income reported at $126,987, the ability to absorb higher renewal payments varies significantly across demographics. The anticipated easing of variable rates may provide relief for some buyers, but the fixed-rate environment remains a constraint on purchasing power for those entering the market during this period. Sources: [Royal LePage Blog | Canadian Real Estate News | Canada's housing market poised for a fall rebound after a slow spring - Royal LePage Blog | Canadian Real Estate News](https://blog.royallepage.ca/canadas-housing-market-poised-for-a-fall-rebound-after-a-slow-spring/) [Mortgages in Edmonton: Understanding Key Terms and Rate Forecast](https://www.topedmontonrealestate.ca/mortgages-in-edmonton-understanding-key-terms-and-rate-forecast) [Edmonton Housing Market Report: 20th Sep, 2026 | Wahi](https://wahi.com/ca/en/housing-market/ab/edmonton) ## Federal Infrastructure Funds Target Housing-Enabling Systems The Canada Housing Infrastructure Fund allocates $6 billion over 10 years to support housing-enabling water, wastewater, and stormwater infrastructure. To qualify, municipalities with populations over 300,000 must freeze Development Charges for three years at pre-April 2, 2024 rates. This federal policy aims to reduce upfront costs for developers and accelerate the construction of new housing units across eligible communities, including Edmonton. While these funds target infrastructure bottlenecks rather than direct residential construction, they create conditions that may enable future housing supply growth. The requirement for zoning changes allowing four units as-of-right in communities over 30,000 people further supports density increases. However, the impact of these policies on specific neighborhoods like Daly Grove is indirect and dependent on municipal implementation decisions and developer response times. Sources: [Canada Housing Infrastructure Fund - Housing, Infrastructure and Communities Canada](https://housing-infrastructure.canada.ca/housing-logement/chif-fcil/index-eng.html) ## The strongest counter-case Wahi classified the Edmonton market as a Strong Seller's Market for all property types in August 2026, suggesting that despite the volume decline, demand may still outstrip supply in specific segments or timeframes. Additionally, detached home prices averaged $575,575, increasing 1.0% year-over-year, indicating that price pressure persists in the single-family segment even as overall sales cool. Sources: [Edmonton Housing Market Report: 20th Sep, 2026 | Wahi](https://wahi.com/ca/en/housing-market/ab/edmonton) [REALTORS® Association of Edmonton | CREA Statistics](https://stats.crea.ca/board/edmo) ## Living here Daly Grove contains one school point (Daly Grove Elementary School), two park points (Daly Grove Park and Laurel Park), sixteen transit stop points, and one recreation point (Southwood Community League). Sources: [Daly Grove Elementary School](https://www.openstreetmap.org/way/535067855) ## The early signal Inventory levels rising 15.1% year-over-year in the Greater Edmonton Area. How it reaches the market: Increased active listings relative to sales volume typically precedes downward pressure on prices as sellers compete for a shrinking pool of buyers, reducing days on market and increasing negotiation leverage for purchasers. Typical lead time: Inventory changes often lead price adjustments by one to two quarters as market participants adjust expectations based on available supply. Sources: [REALTORS® Association of Edmonton | CREA Statistics](https://stats.crea.ca/board/edmo) ## Next 3 months, through December 2026 Prices: flat. Edmonton benchmark price expected to remain within +/-1% of $426,900; not a measured Daly Grove result. Why: Current inventory rise of 15.1% YoY and sales decline of 8.5% YoY suggest stabilization rather than sharp correction. Seasonal slowdown in Q4 may moderate transaction volume without significant price movement. Buyers: wait. Buyers gain negotiating leverage as inventory accumulates, but waiting allows them to observe whether the current cooling trend continues into winter months. Sellers: list now. Sellers benefit from listing before potential winter slowdown deepens, though they may need to price competitively given rising inventory. Watch: A sudden drop in new listings below 3,000 per month would indicate supply contraction, potentially reversing the flat price outlook. Confidence: moderate. Sources: [REALTORS® Association of Edmonton | CREA Statistics](https://stats.crea.ca/board/edmo) [Edmonton Residential Activity | CREA Statistics](https://stats.crea.ca/mls/edmo-residential-activity) ## Next 6 months, through March 2027 Prices: falling. Edmonton benchmark price expected to decline 1-3% from current levels; not a measured Daly Grove result. Why: If inventory continues to rise and sales remain soft through spring 2027, price corrections become more likely. Mortgage renewal pressures may also dampen demand as borrowers reassess affordability. Buyers: buy now. Buyers who act now can capitalize on increased seller motivation and potential price reductions as the market adjusts to higher inventory levels. Sellers: wait. Sellers may find better pricing opportunities if the market stabilizes, but risk facing prolonged listing periods if inventory continues to build. Watch: A reversal in inventory trends, such as a month-over-month decrease in active listings, would signal renewed demand strength and could halt price declines. Confidence: low. Sources: [REALTORS® Association of Edmonton | CREA Statistics](https://stats.crea.ca/board/edmo) [Royal LePage Blog | Canadian Real Estate News | Canada's housing market poised for a fall rebound after a slow spring - Royal LePage Blog | Canadian Real Estate News](https://blog.royallepage.ca/canadas-housing-market-poised-for-a-fall-rebound-after-a-slow-spring/) ## Next 12 months, through September 2027 Prices: flat. Edmonton benchmark price expected to stabilize within +/-2% of current levels; not a measured Daly Grove result. Why: Long-term price direction depends on the balance between new housing supply from federal infrastructure investments and sustained demand from population growth. Current data suggests a gradual adjustment rather than a sharp boom or bust. Buyers: either way. Buyers have flexibility to wait for further price adjustments or act now if they find suitable properties at competitive prices, given the uncertain long-term trajectory. Sellers: either way. Sellers should assess their individual circumstances, as market conditions may vary by property type and location, with detached homes potentially holding value better than apartments. Watch: Significant changes in interest rates or major shifts in immigration patterns could alter the long-term equilibrium, requiring reassessment of the flat price outlook. Confidence: low. Sources: [Canada Housing Infrastructure Fund - Housing, Infrastructure and Communities Canada](https://housing-infrastructure.canada.ca/housing-logement/chif-fcil/index-eng.html) [Statistics Canada Table 17-10-0155-01](https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1710015501) Assumptions: Interest rates remain within the forecast range of 3.75% to 4.25% for fixed terms; Population growth in Edmonton continues at approximately 3.38% year-over-year; No major economic shocks occur that would drastically alter employment or income levels. What would reverse this: A rapid reduction in interest rates by the Bank of Canada could stimulate demand, offsetting the impact of rising inventory and leading to price stability or modest increases instead of declines. Sources: [Mortgages in Edmonton: Understanding Key Terms and Rate Forecast](https://www.topedmontonrealestate.ca/mortgages-in-edmonton-understanding-key-terms-and-rate-forecast) [Statistics Canada Table 17-10-0155-01](https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1710015501) ## Sources - [Edmonton Residential Activity | CREA Statistics](https://stats.crea.ca/mls/edmo-residential-activity): Observation reference period: 30 June 2026. Scope: city, Edmonton, AB. - [REALTORS® Association of Edmonton | CREA Statistics](https://stats.crea.ca/board/edmo): Source reference date 20 September 2026 (observation period not stated). Scope: city, Edmonton, AB. - [Edmonton Housing Market Report: 20th Sep, 2026 | Wahi](https://wahi.com/ca/en/housing-market/ab/edmonton): Source reference date 20 September 2026 (observation period not stated). Scope: city, Edmonton, AB. - [REALTORS® Association of Edmonton | CREA Statistics](https://creastats.crea.ca/board/edmo/): Source reference date 18 September 2026 (observation period not stated). Scope: city, Edmonton, AB. - [Royal LePage Blog | Canadian Real Estate News | Canada's housing market poised for a fall rebound after a slow spring - Royal LePage Blog | Canadian Real Estate News](https://blog.royallepage.ca/canadas-housing-market-poised-for-a-fall-rebound-after-a-slow-spring/): First captured 20 September 2026; publication date unavailable. Scope: National, CA. - [Mortgages in Edmonton: Understanding Key Terms and Rate Forecast](https://www.topedmontonrealestate.ca/mortgages-in-edmonton-understanding-key-terms-and-rate-forecast): First captured 20 September 2026; publication date unavailable. Scope: City, Edmonton, AB. - [Canada Housing Infrastructure Fund - Housing, Infrastructure and Communities Canada](https://housing-infrastructure.canada.ca/housing-logement/chif-fcil/index-eng.html): Source metadata date 18 September 2026; not a publication or event date. Scope: National, CA. - [Daly Grove Elementary School](https://www.openstreetmap.org/way/535067855): date unavailable. Scope: neighbourhood. - [Statistics Canada Table 17-10-0155-01](https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1710015501): date unavailable. Scope: Census subdivision/municipality; not neighbourhood-level, Edmonton, AB. Prepared by Aurynge with AI-assisted research and writing. See /methodology for the evidence and publication policy.