Edmonton is a popular destination for people relocating to Canada. A high standard of living, scenic beauty, urban amenities, and a friendly housing market make rent to own in Edmonton a top choice for families on the move.
Edmonton is the capital city of Alberta and the fifth largest city in Canada. In fact, it is the northernmost city in North America, with a population of over one million residents.
Edmonton is a popular destination for people relocating to Canada. A high standard of living, scenic beauty, urban amenities, and a friendly housing market make rent to own in Edmonton a top choice for families on the move.
Pre-qualifying is quick, free, and won't hurt your credit score.
Real Estate Trends in Edmonton, Alberta
Edmonton’s housing market moved into balanced conditions in August 2026 as sales slowed and inventory increased. According to the latest Edmonton housing market report, the average home price was $469,602, up 1.8% from August 2025 but down 1.2% from July.
The benchmark price, which represents the value of a typical Edmonton-area home, was $426,900. This was 0.6% lower both monthly and year-over-year. The difference between the average and benchmark price reflects the types and price ranges of homes sold during the month.
Key Edmonton real estate statistics for August 2026
Average home price: $469,602, up 1.8% year-over-year
Benchmark home price: $426,900, down 0.6% year-over-year
Median sale price: $439,000, up 0.9% year-over-year
Residential sales: 2,143, down 10% year-over-year
New listings: 3,769, up 3.3% year-over-year
Active inventory: 8,052 homes, up 15.1% year-over-year
Sales-to-new-listings ratio: 57%
Months of supply: 3.8 months
Average days on market: 41 days
Market conditions: Balanced
Edmonton sales decreased while inventory remained well above the previous year’s level. Homes also took four days longer to sell than they did in August 2025. These changes gave buyers more choice and reduced some of the pressure seen during tighter market conditions.
Edmonton home prices by property type
Detached homes sold for an average of $575,575, up 1% year-over-year. Semi-detached homes averaged $424,322, an annual increase of 0.8%.
Townhouse prices averaged $298,238, down 1% from August 2025, while apartment condominiums averaged $215,422, down 1.2%.
Sales declined across every major property type:
Detached homes: 1,302 sales, down 8.5% year-over-year
Semi-detached homes: 251 sales, down 1.2%
Townhouses: 282 sales, down 13.5%
Apartment condominiums: 308 sales, down 19%
What this means for Edmonton home buyers
Edmonton’s 3.8 months of supply and 57% sales-to-new-listings ratio indicate a balanced market rather than the seller’s market recorded in late 2024. Buyers generally have more listings to consider and may face less competition, although conditions can differ by neighbourhood, property type and price range.
Edmonton also remains the most affordable of Canada’s six largest population centres. However, saving for a down payment and qualifying for a traditional mortgage can still be challenging.
For people with stable income who need more time to build savings, improve their credit or qualify for financing, rent-to-own can provide another path toward homeownership. Qualified buyers can browse rent-to-own homes in Edmonton while preparing for future mortgage approval.
Transportation in Edmonton
As Canada’s northernmost capital city, Edmonton is a major transportation hub for both air and rail. The Edmonton International Airport (EIA) is Canada’s fifth-busiest airport and serves 8.2 million passengers per year, offering non-stop service to the United States, Europe, Mexico, and the Caribbean.
The Canadian National Railway uses Edmonton’s geographical location as the focal point for its freight operations. VIA Rail provides passenger service to other major Canadian cities in Alberta, British Columbia, Saskatchewan, Manitoba, and Ontario.
Edmonton also has a very modern public transit system, with light rail and buses that serve roughly 87,000,000 riders per year.
Economy in Edmonton
Once known as the “Oil Capital of Canada,” Edmonton is a major economic centre in Alberta for the oil and gas industry. Alberta’s oil, gas, and oil sand reserves are considered the second-largest globally after Saudi Arabia.
Over the past five years, Edmonton has been responsible for 25% of all new jobs in Canada, while GDP, income, and population growth were three times the Canadian average. During the COVID-19 pandemic, Edmonton had the lowest unemployment rate in the province.
Edmonton has enjoyed one of Canada’s strongest economies across several sectors. It has been the birthplace of several companies that have grown to be internationally recognizable brands, including Boston Pizza, The Brick, Booster Juice, Running Room, and Shaw Communications.
Education in Edmonton
For families considering a move to Edmonton, the education system is one of the best in the country. Alberta is known for having one of the best education systems in the world. Edmonton was the first school board to give principals the authority to make financial decisions based on the individual needs of their schools.
Edmonton has three publicly funded school boards, including one for the Francophone community for children attending kindergarten and grades 1-12. All of Edmonton’s school boards are funded by property taxes and through provincial grants. A top-5 school in Canada, the University of Alberta (U of A) boasts the second-largest research library system in the country and generates revenue of more than a billion dollars per annum. More than 40,000 students from over 150 different countries attend University of Alberta.
How to Buy a Home in Edmonton?
When it comes to buying a home in Edmonton, there are two primary options available to prospective homeowners: traditional mortgages and rent-to-own programs.
The most common path is through a traditional mortgage, where you secure a loan from a bank or financial institution to purchase the property. However, this route requires a significant down payment, typically 20% of the home's value, and a strong credit score to qualify for favourable interest rates.
An alternative to the traditional mortgage is the rent-to-own model, which has been gaining popularity recently. With rent-to-own, also known as lease-to-own, you can move into your dream home with no down payment, while simultaneously building equity and saving for your future purchase. This innovative approach is especially attractive for individuals who may not have the immediate financial means or credit score required to secure a conventional mortgage.
What is Rent to Own in Edmonton?
Rent-to-own in Edmonton is a homeownership program that allows individuals to rent a property with the option to purchase it after a specified period. A portion of the monthly rent is typically set aside as a credit toward the future down payment, making it easier for renters to save for a home while living in it. This arrangement benefits those who may not yet qualify for a mortgage due to financial constraints or credit history but want to lock in a property at today’s market value.
Simply put, the Requity Homes option of rent to buy homes allows you to select your dream home, rent it for 2-3 years, and then purchase it at a predetermined price.
How Does Rent to Own Work in Edmonton?
Estimate your budget: Use our rent-to-own calculator to discover how much you can afford through our rent to own program.
With housing prices increasing year after year, it makes it very difficult to save up for a down payment while renting. How nice would it be to find a home you love at a price you can afford and lock in the value until you are ready to take on a mortgage?
Let’s say that you have found the perfect home in Edmonton for $400,000. You have two options:
Rent for Two Years Then Purchase the Home
Using a base formula of 10% appreciation annually, your $400,000 Edmonton home would be valued at $480,000 after two years.
Rent to Own with Requity Homes
Requity Homes offers a low 5% price increase per year, much lower than the average growth rate. Therefore, when you rent to own a home in Edmonton with Requity Homes, you can lock in the price of your new home and know exactly what it will be valued at in two years.
For example, with Requity Homes a growth rate of 5% means that you can buy your new home in two years for $440,000 instead of $480,000, a savings of $40,000.
The Requity Homes rent to own homes program is designed to help get you and your family into your dream home in Edmonton while saving you a great deal of money in the process.
“
Our biggest obstacle was being a new small business. We didn't qualify with any major banks to get a mortgage.
Customer Story
Amanda & Brad's Journey to Homeownership
Business owners who overcome mortgage challenges of entering homeownership in Sault Ste. Marie
You can choose almost any move-in-ready home listed publicly or privately, as long as it meets our program criteria.
Eligible homes typically:
Are freehold single-family homes or townhouses
Are connected to municipal water and sewer
Are priced between $150,000 and $600,000
Are located in Alberta, Manitoba, Ontario, or Saskatchewan in communities with established municipal services and a population of 20,000 or more.
In some cases, newly built condo townhouses with reasonable condo fees may be approved. If approved, condo fees are added to your monthly payment.
Homes must be in good condition. Major systems such as roof, furnace, HVAC, and water heater should be within reasonable age limits. All properties are reviewed to confirm they meet our inspection and funding requirements.
We do not purchase rural properties, fixer-uppers, homes sold as-is, or properties with structural or safety concerns.
Once you are pre-qualified, you can tour homes with a partner agent or your own realtor and we will confirm eligibility before purchase.
Depending on the type of income, we will ask for different supporting documents to verify your income. Our goal is to make sure you can afford rent-to-own payments during the lease term.
Traditional employment (Hourly, Salaried or Commission)
Employment letter
Most recent pay stubs
Notice of assessment from the last two years
Bank statements for the past 6 months
Self-employed
Sole proprietorship
T1 General tax returns for the last 2 years
Notice of Assessment for the last 2 years
Business bank statements for the last 6 months
GST returns if applicable
Incorporated
T1 General tax returns for the last 2 years
Notice of Assessment for the last 2 years
Articles of Incorporation
Business bank statements for the last 6 months
Accountant prepared financial statements for the last 2 years
Corporate tax returns or CRA balance to verify corporate tax
GST returns if applicable
Pension & Disability Incomes
Proof that such payments are expected to be longer than three years
Alimony & Child Support
Proof that such payments have been made consistently in the past 6 months
What is the interest rate?
There is no interest rate during the rent-to-own term because this is not a mortgage.
When you are ready to buy the home, most clients get a mortgage from a lender to complete the purchase.
All content on this website, including but not limited to text, program structure, rent-to-own model descriptions, customer pathways, and proprietary frameworks, is the exclusive property of Requity Homes. Any reproduction, adaptation, or use of this content, in whole or in part, for commercial purposes without express written consent is strictly prohibited and may result in legal action.
As a realtor, mortgage broker, or Requity Homes ambassador, you can now help more community members achieve their homeownership goals while streamlining your workload. Partner with us to expand your impact and create success stories with less work.
Edmonton is a popular destination for people relocating to Canada. A high standard of living, scenic beauty, urban amenities, and a friendly housing market make rent to own in Edmonton a top choice for families on the move.
Edmonton is the capital city of Alberta and the fifth largest city in Canada. In fact, it is the northernmost city in North America, with a population of over one million residents.
Edmonton is a popular destination for people relocating to Canada. A high standard of living, scenic beauty, urban amenities, and a friendly housing market make rent to own in Edmonton a top choice for families on the move.
Pre-qualifying is quick, free, and won't hurt your credit score.
Real Estate Trends in Edmonton, Alberta
Edmonton’s housing market moved into balanced conditions in August 2026 as sales slowed and inventory increased. According to the latest Edmonton housing market report, the average home price was $469,602, up 1.8% from August 2025 but down 1.2% from July.
The benchmark price, which represents the value of a typical Edmonton-area home, was $426,900. This was 0.6% lower both monthly and year-over-year. The difference between the average and benchmark price reflects the types and price ranges of homes sold during the month.
Key Edmonton real estate statistics for August 2026
Average home price: $469,602, up 1.8% year-over-year
Benchmark home price: $426,900, down 0.6% year-over-year
Median sale price: $439,000, up 0.9% year-over-year
Residential sales: 2,143, down 10% year-over-year
New listings: 3,769, up 3.3% year-over-year
Active inventory: 8,052 homes, up 15.1% year-over-year
Sales-to-new-listings ratio: 57%
Months of supply: 3.8 months
Average days on market: 41 days
Market conditions: Balanced
Edmonton sales decreased while inventory remained well above the previous year’s level. Homes also took four days longer to sell than they did in August 2025. These changes gave buyers more choice and reduced some of the pressure seen during tighter market conditions.
Edmonton home prices by property type
Detached homes sold for an average of $575,575, up 1% year-over-year. Semi-detached homes averaged $424,322, an annual increase of 0.8%.
Townhouse prices averaged $298,238, down 1% from August 2025, while apartment condominiums averaged $215,422, down 1.2%.
Sales declined across every major property type:
Detached homes: 1,302 sales, down 8.5% year-over-year
Semi-detached homes: 251 sales, down 1.2%
Townhouses: 282 sales, down 13.5%
Apartment condominiums: 308 sales, down 19%
What this means for Edmonton home buyers
Edmonton’s 3.8 months of supply and 57% sales-to-new-listings ratio indicate a balanced market rather than the seller’s market recorded in late 2024. Buyers generally have more listings to consider and may face less competition, although conditions can differ by neighbourhood, property type and price range.
Edmonton also remains the most affordable of Canada’s six largest population centres. However, saving for a down payment and qualifying for a traditional mortgage can still be challenging.
For people with stable income who need more time to build savings, improve their credit or qualify for financing, rent-to-own can provide another path toward homeownership. Qualified buyers can browse rent-to-own homes in Edmonton while preparing for future mortgage approval.
Transportation in Edmonton
As Canada’s northernmost capital city, Edmonton is a major transportation hub for both air and rail. The Edmonton International Airport (EIA) is Canada’s fifth-busiest airport and serves 8.2 million passengers per year, offering non-stop service to the United States, Europe, Mexico, and the Caribbean.
The Canadian National Railway uses Edmonton’s geographical location as the focal point for its freight operations. VIA Rail provides passenger service to other major Canadian cities in Alberta, British Columbia, Saskatchewan, Manitoba, and Ontario.
Edmonton also has a very modern public transit system, with light rail and buses that serve roughly 87,000,000 riders per year.
Economy in Edmonton
Once known as the “Oil Capital of Canada,” Edmonton is a major economic centre in Alberta for the oil and gas industry. Alberta’s oil, gas, and oil sand reserves are considered the second-largest globally after Saudi Arabia.
Over the past five years, Edmonton has been responsible for 25% of all new jobs in Canada, while GDP, income, and population growth were three times the Canadian average. During the COVID-19 pandemic, Edmonton had the lowest unemployment rate in the province.
Edmonton has enjoyed one of Canada’s strongest economies across several sectors. It has been the birthplace of several companies that have grown to be internationally recognizable brands, including Boston Pizza, The Brick, Booster Juice, Running Room, and Shaw Communications.
Education in Edmonton
For families considering a move to Edmonton, the education system is one of the best in the country. Alberta is known for having one of the best education systems in the world. Edmonton was the first school board to give principals the authority to make financial decisions based on the individual needs of their schools.
Edmonton has three publicly funded school boards, including one for the Francophone community for children attending kindergarten and grades 1-12. All of Edmonton’s school boards are funded by property taxes and through provincial grants. A top-5 school in Canada, the University of Alberta (U of A) boasts the second-largest research library system in the country and generates revenue of more than a billion dollars per annum. More than 40,000 students from over 150 different countries attend University of Alberta.
How to Buy a Home in Edmonton?
When it comes to buying a home in Edmonton, there are two primary options available to prospective homeowners: traditional mortgages and rent-to-own programs.
The most common path is through a traditional mortgage, where you secure a loan from a bank or financial institution to purchase the property. However, this route requires a significant down payment, typically 20% of the home's value, and a strong credit score to qualify for favourable interest rates.
An alternative to the traditional mortgage is the rent-to-own model, which has been gaining popularity recently. With rent-to-own, also known as lease-to-own, you can move into your dream home with no down payment, while simultaneously building equity and saving for your future purchase. This innovative approach is especially attractive for individuals who may not have the immediate financial means or credit score required to secure a conventional mortgage.
What is Rent to Own in Edmonton?
Rent-to-own in Edmonton is a homeownership program that allows individuals to rent a property with the option to purchase it after a specified period. A portion of the monthly rent is typically set aside as a credit toward the future down payment, making it easier for renters to save for a home while living in it. This arrangement benefits those who may not yet qualify for a mortgage due to financial constraints or credit history but want to lock in a property at today’s market value.
Simply put, the Requity Homes option of rent to buy homes allows you to select your dream home, rent it for 2-3 years, and then purchase it at a predetermined price.
How Does Rent to Own Work in Edmonton?
Estimate your budget: Use our rent-to-own calculator to discover how much you can afford through our rent to own program.
With housing prices increasing year after year, it makes it very difficult to save up for a down payment while renting. How nice would it be to find a home you love at a price you can afford and lock in the value until you are ready to take on a mortgage?
Let’s say that you have found the perfect home in Edmonton for $400,000. You have two options:
Rent for Two Years Then Purchase the Home
Using a base formula of 10% appreciation annually, your $400,000 Edmonton home would be valued at $480,000 after two years.
Rent to Own with Requity Homes
Requity Homes offers a low 5% price increase per year, much lower than the average growth rate. Therefore, when you rent to own a home in Edmonton with Requity Homes, you can lock in the price of your new home and know exactly what it will be valued at in two years.
For example, with Requity Homes a growth rate of 5% means that you can buy your new home in two years for $440,000 instead of $480,000, a savings of $40,000.
The Requity Homes rent to own homes program is designed to help get you and your family into your dream home in Edmonton while saving you a great deal of money in the process.
“
Our biggest obstacle was being a new small business. We didn't qualify with any major banks to get a mortgage.
Customer Story
Amanda & Brad's Journey to Homeownership
Business owners who overcome mortgage challenges of entering homeownership in Sault Ste. Marie
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