The Edmonton real estate market is coming off an interesting year, one that has been filled with highs and lows.

In the aftermath of the first wave of the coronavirus pandemic, the Canadian real estate sector enjoyed an incredible run. Many major urban centres, small towns, and rural communities recorded impressive growth in sales activity and prices across the country. Many of these destinations reported record-breaking figures, transforming their municipalities into red-hot housing markets.

Edmonton has been a mixed story. Due to a crash in crude oil prices, a deep recession, and the COVID-19 public health crisis, Alberta’s capital city suffered a steep downturn. Despite this slump, by the end of 2020, the Greater Edmonton Area (GEA) saw its average prices tick up about one per cent, with sales activity remaining quite strong.

“The Edmonton market in December saw an increase in year-over-year unit sales, compared to a decrease in month-to-month sales,” said REALTORS® Association of Edmonton Chair Tom Shearer in a news release. “There have also been more sales of single-family homes, condos and duplexes compared to December of last year, while we’ve seen decreasing month over month sales in all markets, which is typical for this time of year. Total year-to-date residential sales for 2020 came in at 17,036 – a 2.94% increase compared to 2019.”

But as first-time homebuyers, move-up buyers, and out-of-province consider purchasing property in one of Canada’s most affordable markets, what are some of the top Edmonton neighbourhoods?

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