Canada's most affordable major condo market — no provincial LTT, low condo fees, strong rental yields
Edmonton is Canada's most affordable major city condo market in 2026, with average one-bedroom condos priced at $180,000–$260,000 — a fraction of Toronto or Vancouver prices. Combined with Alberta's no-provincial-LTT advantage, Edmonton offers some of the lowest barriers to entry for condo ownership in the country. The city's economy, anchored by government, healthcare, post-secondary education, and a growing petrochemical sector, provides stable employment and consistent rental demand.
| Neighbourhood | Avg 1BR | Avg 2BR | Avg Condo Fee |
|---|---|---|---|
| Downtown / Oliver | $200,000–$280,000 | $290,000–$380,000 | $400–$650/mo |
| Glenora / Queen Alexandra | $220,000–$300,000 | $310,000–$420,000 | $380–$580/mo |
| South Edmonton / Windermere | $190,000–$260,000 | $270,000–$360,000 | $320–$500/mo |
| West Edmonton / Glenwood | $175,000–$240,000 | $250,000–$340,000 | $300–$480/mo |
| St. Albert / Sherwood Park | $180,000–$250,000 | $260,000–$350,000 | $280–$450/mo |
Edmonton's price-to-rent ratio is among the best in Canada. A $230,000 one-bedroom condo that rents for $1,400–$1,600/month offers a gross rental yield of 7–8%, far exceeding Toronto (3–4%) or Vancouver (2.5–3.5%). For investors, Edmonton provides strong cash flow potential, especially in areas near the University of Alberta, Grant MacEwan University, and the Kingsway area near NAIT.
Edmonton condo fees average $0.45–$0.75/sq ft/month, generally lower than other major cities. A 700 sq ft one-bedroom typically runs $315–$525/month. Heritage buildings in Oliver and Downtown can have higher fees due to maintenance requirements, while newer suburban developments often start lower but may have inadequate reserve fund contributions that lead to future increases.
Under Alberta's Condominium Property Act (CPA), buyers receive mandatory disclosure documents including: a current reserve fund report, the condo corporation's last audited financial statements, bylaws and rules, and information about any outstanding litigation or special assessments. First-time condo buyers benefit from the right to rescind within 10 days of receiving all required disclosure documents for new construction purchases.
At a $230,000 purchase price with a 10% down payment of $23,000, you'll pay CMHC insurance of approximately $8,464 (added to mortgage). The insured mortgage is $215,464. At 4.75% over 25 years, monthly payment is approximately $1,237. With $380/month condo fees (50% = $190) and $100/month property tax, total GDS is $1,527/month — requiring gross income of roughly $55,000–$60,000. Edmonton condo ownership is attainable on a single average salary.
Between condo fees, property tax, and the mortgage, condo costs add up. KOHO's free account earns cash back to offset your monthly costs — no fees, no minimums.
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