# Rundle Heights: 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%, signaling a shift toward buyer leverage. The MLS® Home Price Index benchmark price decreased 0.6% month-over-month and 0.6% year-over-year in the Greater Edmonton Area. Published 2026-09-25. 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%, signaling a shift toward buyer leverage. The MLS® Home Price Index benchmark price decreased 0.6% month-over-month and 0.6% year-over-year in the Greater Edmonton Area. ## Central finding The Greater Edmonton Area experienced a measurable cooling in transaction volume and price stability during mid-2026, with Q2 2026 residential sales down 8.5% from the prior year and August 2026 sales down 9.8% year-over-year. This divergence between falling sales and rising inventory suggests a transition from seller leverage to a more balanced market, though no target-scope data confirms this specific dynamic within Rundle Heights. 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/) ## How the numbers connect Calculates the year-over-year change in Edmonton residential sales volume for Q2 2026. Calculation: (Q2 2026 Sales - Q2 2025 Sales) / Q2 2025 Sales * 100 = (8,437 - 9,221) / 9,221 * 100 = -8.5%. Note: Q2 2025 value derived from reported percentage change. Definitions: Residential property sales in Edmonton, AB, for the second quarter of 2026 compared to the same quarter in 2025. Limit: This calculation applies to the entire city of Edmonton and does not measure sales activity specifically within Rundle Heights. Sources: [Edmonton Residential Activity | CREA Statistics](https://stats.crea.ca/mls/edmo-residential-activity) ## Edmonton Sales Volume Declines Amid Rising Inventory Levels In the Greater Edmonton Area, residential property sales numbered 8,437 units in the second quarter of 2026, representing an 8.5% decrease compared to the same quarter in 2025. By August 2026, monthly sales had further declined to 2,143 transactions, a 9.8% drop from August 2025 and a 15.4% decrease from July 2026. These figures indicate a consistent reduction in transaction velocity across the city over the past several months. Concurrently, new listings totaled 3,769 in August 2026, marking an 8.1% month-over-month drop but a 3.3% year-over-year increase. Overall inventory levels rose 15.1% relative to the same period last year, signaling ample supply. The MLS® Home Price Index composite benchmark price stood at $426,900, decreasing 0.6% both from July 2026 and on a year-over-year basis. These city-level measurements are not measured at the neighbourhood level and do not establish specific outcomes for Rundle Heights. 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/) [REALTORS® Association of Edmonton | CREA Statistics](https://stats.crea.ca/board/edmo/) ## Mortgage Renewal Wave and Rate Forecasts Shape Borrower Capacity National financing conditions present a mixed outlook for Canadian borrowers. Over the next year, the last of the five-year fixed-rate mortgages taken out during the pandemic will come up for renewal, representing approximately 12% of all outstanding mortgages. On average, these borrowers can expect their monthly payments to increase by 15%, which could constrain household disposable income and borrowing capacity. However, national mortgage delinquency rates remain low at 0.24% as of the fourth quarter of 2025, suggesting most borrowers have successfully absorbed higher payments. For Edmonton specifically, forecasts suggest that Bank of Canada policy rate reductions could lower variable mortgage rates by around 0.5% or more in the coming months. Fixed mortgage rates are expected to remain between 3.75% and 4.25% for the remainder of 2025 in Alberta. 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) ## Federal Infrastructure Funding Conditions Influence Housing Supply The Canada Housing Infrastructure Fund (CHIF) allocates $6 billion over 10 years to support housing-enabling infrastructure, with specific conditions attached to funding eligibility. Communities with populations over 30,000 must implement zoning changes allowing four units as-of-right to qualify for CHIF funding. Additionally, municipalities with populations over 300,000 must freeze Development Charges for three years at pre-April 2, 2024 rates. These policy requirements aim to reduce barriers to new construction and improve project viability in large cities. Under the Direct Delivery stream, projects must be substantially completed by September 2031, while those under the Provincial and Territorial Agreement stream have a completion deadline of September 2033. While these federal initiatives provide capital for infrastructure upgrades that enable housing supply growth, they do not directly measure or predict housing delivery, composition, or price effects within Rundle Heights. The impact of these funds on local development remains contingent on municipal implementation and project selection processes. 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 Despite the decline in sales volume, Wahi classified the Edmonton market as a 'Strong Seller's Market' for all property types in August 2026, suggesting that demand may still outstrip supply relative to historical norms. Additionally, detached home prices averaged $575,575, increasing 1.0% year-over-year, indicating that price resilience persists in certain segments despite lower transaction counts. 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 Rundle Heights contains 15 mapped amenities, including 2 schools, 2 parks, 10 transit stops, and 1 childcare facility. Named features include St. Jerome Catholic Elementary School, Rundle Heights Playground, and Beverly Daycare Society & Family Resource Centre. Transit stops are located at intersections such as 32 Street & 110 Avenue and 34 Street & 111 Avenue. Sources: [School](https://www.openstreetmap.org/way/222790170) ## The early signal Monitor the following measure: New Listings count in the Greater Edmonton Area. How it reaches the market: Changes in new listings reflect seller behavior and inventory availability, which precede changes in sales volume and price adjustments as buyers gain or lose leverage in the market. Typical lead time: New listings typically lead sales volume and price changes by one to two months as inventory accumulates before affecting transaction dynamics. Sources: [REALTORS® Association of Edmonton | CREA Statistics](https://stats.crea.ca/board/edmo) ## Next 3 months, through December 2026 Prices: flat. Benchmark price in the Greater Edmonton Area expected to remain within +/-1% of $426,900. This is not a measured Rundle Heights result. Why: August 2026 benchmark price decreased 0.6% month-over-month and 0.6% year-over-year. Rising inventory of 15.1% year-over-year suggests downward pressure, but strong seller's market classification implies resilience. Buyers: wait. Buyers may benefit from continued inventory accumulation and potential price stabilization, allowing for better negotiation leverage without immediate urgency. Sellers: list now. Sellers should act now to capitalize on remaining demand before further inventory increases potentially erode pricing power in the coming months. Watch: A sustained increase in active listings beyond 15% year-over-year or a further drop in sales volume below 2,000 monthly transactions would signal stronger downward price pressure. Confidence: moderate. Sources: [REALTORS® Association of Edmonton | CREA Statistics](https://stats.crea.ca/board/edmo) [Edmonton Housing Market Report: 20th Sep, 2026 | Wahi](https://wahi.com/ca/en/housing-market/ab/edmonton) ## Next 6 months, through March 2027 Prices: falling. Benchmark price in the Greater Edmonton Area expected to decline 1-2% from current levels. This is not a measured Rundle Heights result. Why: Continued inventory growth and the upcoming wave of pandemic-era mortgage renewals (12% of outstanding mortgages) may constrain buyer purchasing power, leading to modest price declines. Buyers: buy now. Buyers acting now may secure properties before potential price drops materialize, avoiding the risk of missing out on desirable homes if demand rebounds unexpectedly. Sellers: wait. Sellers may benefit from waiting until spring 2027 when seasonal demand typically increases, potentially offsetting some of the downward pressure from high inventory. Watch: A significant reduction in interest rates or a surge in immigration-driven demand could reverse the falling price trend and create a competitive market again. Confidence: low. 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) ## Next 12 months, through September 2027 Prices: flat. Benchmark price in the Greater Edmonton Area expected to stabilize within +/-2% of current levels. This is not a measured Rundle Heights result. Why: Long-term factors including federal infrastructure funding and population growth may balance out short-term pressures from mortgage renewals and inventory levels, leading to price stabilization. Buyers: either way. Buyers have flexibility to act either now or later, as long-term price stability suggests limited opportunity cost for waiting, but early action may secure preferred locations. Sellers: either way. Sellers can choose to list now or wait, as the market is expected to remain balanced, with neither side holding significant advantage over the 12-month period. Watch: Major shifts in national economic conditions, such as trade war impacts or significant policy changes, could disrupt the expected flat price trajectory. Confidence: low. Sources: [CREA | REALTOR® Recommendations](https://www.crea.ca/advocacy/realtor-recommendations/) [Housing research, finance and mortgage insurance in Canada | CMHC](https://www.cmhc-schl.gc.ca/professionals) Assumptions: Bank of Canada policy rate reductions occur as forecast, lowering variable mortgage rates by 0.5% or more; No major unexpected economic shocks or policy changes occur that significantly alter housing demand or supply; Federal infrastructure funding is allocated and implemented according to planned timelines. What would reverse this: A sudden increase in immigration or a significant drop in interest rates could rapidly increase housing demand, reversing the expected price declines and creating a competitive market similar to previous years. Sources: [Mortgages in Edmonton: Understanding Key Terms and Rate Forecast](https://www.topedmontonrealestate.ca/mortgages-in-edmonton-understanding-key-terms-and-rate-forecast) [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/) ## 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. - [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. - [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://stats.crea.ca/board/edmo/): Source reference date 20 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. - [School](https://www.openstreetmap.org/way/222790170): date unavailable. Scope: neighbourhood. - [CREA | REALTOR® Recommendations](https://www.crea.ca/advocacy/realtor-recommendations/): First captured 20 September 2026; publication date unavailable. Scope: National, CA. - [Housing research, finance and mortgage insurance in Canada | CMHC](https://www.cmhc-schl.gc.ca/professionals): First captured 21 September 2026; publication date unavailable. Scope: National, CA. Prepared by Aurynge with AI-assisted research and writing. See /methodology for the evidence and publication policy.