This is the home half of this week’s Home and Mortgage Minute. The mortgage half — rates holding at 2.50%, prime at 4.70%, and what banks’ rising loss provisions mean — lives on Next Door Mortgages: https://nextdoormortgages.com/rates-the-bank-of-canada/mortgage-minute-week-of-november-9-2026-no-new-bank-of-canada-move-rate-holds-at-2-50-fixed-rates-ease-slightly/
Greater Edmonton home sales slowed in the last full week of October while prices held steady. From October 28 to November 3, 2026, 357 homes sold and 697 new listings came to market, at an average price of $476,000 and a median of $439,000 (Source: REALTORS® Association of Edmonton). At the top end, Edmonton luxury sales are up 15.9% so far this year. And a key infill deadline passed on November 8 — if you own a mature-neighbourhood lot, the next date to watch is mid-November.
1. A slower week, steady prices — Oct 28 to Nov 3
According to the REALTORS® Association of Edmonton MLS® System Weekly Market Watch for October 28–November 3, 2026, Greater Edmonton recorded 357 residential sales, 697 new listings, an average sale price of $476,000 and a median sale price of $439,000. The weekly graphic reports sales down 18% and new listings up 6% (comparison period not specified in the graphic), the average price unchanged and the median up 1%. The sales-to-new-listings ratio was about 51%.
- Residential sales: 357
- New listings: 697
- Average price: $476,000
- Median price: $439,000
- Sales-to-new-listings ratio: ~51%
- Source: REALTORS® Association of Edmonton
What it means for you: Buyers have more choice than they did two weeks ago, but prices are not falling — sellers priced to recent comparable sales are still the ones moving.
2. Luxury is Edmonton’s quiet strength story
REMAX Canada’s Fall/Winter 2026 Spotlight on Luxury Report, released November 9, 2026, counted 458 Edmonton sales at $1,000,000 or more from January 1 to September 30, 2026, up from 395 in the same period in 2025 — a 15.9% increase, based on local board statistics including the REALTORS® Association of Edmonton. Sales over $3 million rose to 15, from 11 — up 36%. REMAX linked the double-digit luxury growth in Edmonton, Calgary, Saskatoon and St. John’s in part to regional and resource economic strength, while Greater Vancouver luxury sales fell 17.0% and the GTA fell 9.4% over the same period.
What it means for you: If you are selling a $1M+ Edmonton home, you are selling into the strongest part of this market — and if you are trading up, the gap between your current home and a move-up home is narrower than it was in pricier, falling markets.
3. Infill: the November 8 deadline has passed — mid-November is next
The City of Edmonton said complete Small Scale Residential (RS) development permit applications received by November 8, 2026 were expected to receive a decision before the zoning rules change. That date has now passed. The current RS rules still apply until Council passes amendments — up to 8 homes on a standard interior lot, with a 9.5-metre height cap in place since August 1, 2026. Under Alberta’s Order in Council 353/2026 (October 22, 2026), Edmonton must make RS density, height and uses comparable to the pre-2024 bylaw and restore parking comparable to July 1, 2020, by January 22, 2027. The City’s draft RS amendments are expected in mid-November 2026. The exact replacement rules have not been published yet.
What it means for you: Own a mature-neighbourhood lot, or buying into an infill project? Confirm the project’s permit status in writing before you rely on an 8-unit plan — and get lot-specific advice before the draft lands.
Frequently asked questions
How many homes sold in Greater Edmonton this week?
357 residential properties sold from October 28 to November 3, 2026, with 697 new listings, according to the REALTORS® Association of Edmonton.
What is the average home price in Edmonton right now?
The average sale price for October 28–November 3, 2026 was $476,000 and the median was $439,000 (Source: REALTORS® Association of Edmonton).
Are Edmonton luxury homes selling?
Yes. REMAX Canada reported 458 Edmonton sales at $1,000,000 or more from January 1 to September 30, 2026, up 15.9% from 395 in the same period in 2025.
What happens to Edmonton infill rules now that November 8 has passed?
Applications received by November 8, 2026 were expected to be decided under the current rules. Draft RS amendments are expected in mid-November 2026, and the provincial deadline for the changes is January 22, 2027.
Selling? Start with a free home evaluation. Buying? Search Edmonton homes and register for new listings on bridgerealtygroup.ca, and ask to have Travis call you to talk through your options.
By Travis Bannert, Realtor and Mortgage Broker — 780-720-8240
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