Housing market / Canada · Alberta · British Columbia · Ontario
Edmonton new-condo price index fell 0.7% in the third quarter
New condo-price data for Alberta, B.C. and Ontario, with practical context for comparing a purchase and preparing mortgage questions.
At a glance
Edmonton's new condominium apartment price index declined about 0.7% from the second to the third quarter of 2026. Statistics Canada's November 3 release also reports a 0.6% decrease for its nine-metropolitan-area composite.
A new reading for apartment-style condos
Statistics Canada's November 3 release covers developers' selling prices for newly built apartment-style condominiums. It adjusts for differences in unit quality and size to track comparable prices over time. The index is not seasonally adjusted and has a one-quarter revision period.
How selected markets changed
These second-to-third-quarter comparisons use Table 18-10-0273-01, with 2017=100. Percentage changes are our calculations from published levels, rounded to one decimal:
- Edmonton: 109.1 to 108.3, down about 0.7%.
- Calgary: 106.1 to 105.8, down about 0.3%.
- Vancouver: 110.7 to 109.6, down about 1.0%.
- Victoria: 137.2 to 134.7, down about 1.8%.
- Toronto: 128.6 to 127.6, down about 0.8%.
- Ottawa–Gatineau, Ontario part: 141.6 to 143.9, up about 1.6%.
The nine-area composite moved from 121.5 to 120.8. These are metropolitan results, not provincial averages or purchase prices in dollars.
Use the right comparison for an Edmonton purchase
Our interpretation: a city-level decline provides context for comparing new-condo offers, but does not establish the value of an individual unit or a discount a developer will accept. A resale apartment or a detached home needs a comparison suited to that property type.
Keep the building, unit size, included features and contract date alongside any price comparison. Ask what is included in the written purchase price and which costs sit outside it. Those questions connect a market headline to the actual home under consideration.
Keep financing tied to the property
FCAC's existing preapproval guidance explains that preapproval does not guarantee a mortgage. The property, down payment and lender requirements still matter, and buyers need funds for closing, moving and maintenance costs.
A useful next conversation is about the specific unit, purchase documents and completion timing. Our Edmonton mortgage page and pre-approval guide can help organize questions for a mortgage professional.
Sources & verification
- Statistics Canada — New Condominium Apartment Price Index, third quarter 2026
November 3 original release checked: composite quarterly change, dwelling coverage, quality adjustment, revision period and seasonal-adjustment notes. Accessed November 3, 2026.
- Statistics Canada — Table 18-10-0273-01
Q2/Q3 levels verified. Changes calculated as (Q3/Q2 − 1) × 100, rounded to one decimal. Accessed November 3, 2026.
- FCAC — Getting preapproved for a mortgage
Existing guidance on conditional preapproval, property requirements and other purchase costs; not a new lending rule. Accessed November 3, 2026.
This AI-assisted briefing summarizes public sources and provides general context. It is not a personalized mortgage recommendation or a lender quote. Editorial policy · Report an error.