How Much Income to Buy a Home in Edmonton in 2026

How Much Income to Buy a Home in Edmonton in 2026

Short answer: For Edmonton's average home at $488,200, a buyer with 20% down and a 4.58% mortgage rate needs roughly $81,700 in gross household income to pass the mortgage-payment part of the lender test alone - and roughly $100,200 to $106,400 once a typical property tax and heat load is added. Edmonton's median household income in our data is $105,000. One median paycheque clears the average home at every down payment level before tax and heat, with about $23,300 to spare at 20% down and about $4,000 to spare at minimum down. Edmonton is the first city in this series where that is true. In Vancouver the median falls about $98,200 short, in Toronto about $56,800, in Halifax about $22,000, in Montreal about $16,900, in Ottawa about $14,100, and in Calgary about $6,700. Edmonton does not just narrow the gap. It closes it, and a $400,000 home at 20% down needs only about $67,000 - roughly $38,000 below one median income. Edmonton is still not cheap in any absolute sense. It is the only big city in this series where the average home, the detached average, and the single-family benchmark are all reachable on a single median income.

Everything below uses BubbleWatch's own market data for Edmonton, the federal down payment rules, OSFI's stress test, and CMHC's published debt-service limits. Every number is shown with its inputs so you can rerun the math on a different price.

The Edmonton inputs

These are the figures this site tracks for Edmonton, refreshed weekly from our market data file (see the Edmonton city page for the live version):

Input	Edmonton value
Average home price	$488,200
Median household income	$105,000
Price-to-income multiple	4.6x
Average rent	$1,720 per month
Rental vacancy rate	2.5%
Year-over-year price change	+4.5%
Mortgage rate used in our city math	4.58%

Three of those numbers deserve emphasis. First, the 4.6x multiple is the lowest in this series by a wide margin, behind Calgary at 6.3x, Ottawa at 6.8x, Montreal at 7.3x, Halifax at 7.7x, Toronto at 9.3x, and Vancouver at 12.3x. It is low for two reasons at once, not one: Edmonton's $488,200 average price is the lowest of any city we have covered, about $196,800 below Calgary's and about $480,200 below Toronto's, and its $105,000 median household income is the second-highest in the series, behind only Calgary's $108,000 and ahead of Toronto's $104,000, Ottawa's $99,500, Vancouver's $93,500, Montreal's $82,000, and Halifax's $78,000. Cheap houses and strong paycheques are doing the work together. Second, Edmonton is one of three cities in the series where prices are rising at a real pace: +4.5% year over year, against +4.8% in Calgary, +2.6% in Halifax, and +1.2% in Montreal, while Vancouver falls 3.8%, Toronto falls 8.2%, and Ottawa falls 1.2%. A year ago, the same $105,000 income against an implied average price near $467,200 was about a 4.4x multiple, holding income flat, so the multiple has crept up by about two tenths of a point. The gap is narrow, and it is narrowing from the wrong side: prices are rising faster than the paycheques that have to meet them. Third, rent is the least-stretched in the series. At $1,720 a month, average rent takes about 19.7% of gross income for a household earning the $105,000 median, ahead of Calgary at 24.2%, Ottawa at 27.5%, Montreal at 28.1%, Toronto at 33.0%, Vancouver at 38.2%, and Halifax at 33.8%, which our September 2026 affordability meter also found across most of the country's expensive markets. A 2.5% vacancy rate still leaves limited room to shop around, but Edmonton renters are squeezed less than renters in any other big city we track.

The market underneath those averages is cooling in volume while prices keep climbing. The REALTORS Association of Edmonton counted 1,882 sales across the Greater Edmonton Area in October 2026, down 8.3% from a year earlier and down 3.5% from September, while 3,264 new listings arrived and inventory stood 15.2% above a year earlier. The average selling price across all residential types was $457,641 in October, up 0.5% year over year but down 2.0% from September, and the MLS Home Price Index composite benchmark was $417,200, down 0.9% year over year and down 1.4% from September. Inside the City of Edmonton itself, 1,256 sales closed in October, down 12.2% year over year, with 5,612 homes listed and 4.5 months of inventory. The city average price was $425,348, down 1.0% year over year, the median was $405,500, and the city HPI benchmark was $397,000. That is a balanced market by the usual measures, not a hot one and not a collapsing one: sales are falling, listings are plentiful, and prices are drifting up anyway. Our Edmonton forecast puts the balance in context, and our Calgary versus Edmonton comparison shows how the two Alberta cities differ.

One measurement note before the math. The $488,200 figure is the average price this site tracks for Edmonton, used so the seven cities stay comparable. The board's October average for the Greater Edmonton Area was $457,641, and its HPI composite benchmark, the price of a typical home with the same features month to month, was $417,200. The series uses the average price, but the benchmark tells you the typical Edmonton home costs about $71,000 less than the average. The worked example later in this guide uses a $400,000 purchase, which sits close to that benchmark band. If you are shopping apartments, your number is lower still.

Gate one: the down payment

The minimum down payment is federal law, not a lender preference. Per the Financial Consumer Agency of Canada, if the purchase price is $500,000 or less, the minimum is 5%. Above $500,000, it is 5% of the first $500,000 plus 10% of the portion above $500,000. Source: Canada.ca - Down payment rules.

Edmonton is the only city in this series where the average home sits below the $500,000 line, so the rule is at its simplest here. Applied to the average Edmonton home:

• Price: $488,200
• 5% of the price: $24,410 minimum down payment (5.00% of the price)

Because $24,410 is less than 20% of the price, the mortgage must be insured. The CMHC premium for a down payment between 5% and 9.99% is 4.00% of the mortgage amount (the full tier table is in our CMHC premium guide). That premium, $18,552 on this scenario, is normally added to the mortgage balance rather than paid in cash - which means a minimum-down buyer in Edmonton is actually financing $482,342, not $463,790.

The Alberta advantage: no land transfer tax, no premium tax

The down payment is only the first cash hurdle, and Edmonton's second hurdle is the lightest in this series by a large margin, tied with Calgary's. Alberta charges no land transfer tax at any level of government. What a buyer pays instead is a Land Titles registration fee of $50 plus $5 for every $5,000 of the property's value for the transfer, and the same formula on the mortgage principal, rates in effect since October 20, 2024. On the average $488,200 Edmonton purchase with a $390,560 mortgage at 20% down, that works out to $540 for the transfer registration and $445 for the mortgage registration - $985 in total.

Compare that with Toronto, where the provincial tax plus the municipal tax come to roughly $31,700 combined on the average home. Edmonton's entire transfer-tax line is about $30,700 lighter, which is cash a buyer keeps in the bank at closing instead of handing to a government. Our Alberta closing costs guide works the full stack, including legal fees, title insurance, and the Real Property Report, and it puts a typical Alberta closing stack near 1% of the price.

Alberta also charges no tax on the mortgage insurance premium itself. CMHC names only Ontario, Quebec, and Saskatchewan as provinces that tax the premium, so an Edmonton buyer at minimum down pays no premium tax at all - against about $2,034 in Ontario on a similar structure. The premium is still real money ($18,552 at minimum down), but none of it goes to tax, and none of it is due in cash at closing, since it is added to the mortgage. An Edmonton buyer who qualifies on paper also has far less closing-day cash to find than a buyer in Toronto or Montreal at the same price, which is a different problem from the one the stress test measures, and it is the one that kills more deals.

Gate two: the stress test

OSFI Guideline B-20 requires federally regulated lenders to qualify borrowers at the minimum qualifying rate (MQR): the greater of the contract rate plus 2 percentage points, or the 5.25% benchmark rate. Source: OSFI - Minimum qualifying rate for uninsured mortgages.

At the 4.58% contract rate used throughout our city data, the qualifying rate is 6.58% (the benchmark floor of 5.25% does not bind). You pay at 4.58%, but the lender pretends you are paying 6.58% when it decides how much you can borrow. Our stress test guide explains the full framework, including why a straight renewal switch is exempt but a new purchase is not. The Bank of Canada's October 28 decision to raise its policy rate to 2.5%, its first increase in three years, is part of the backdrop here; our hike piece covers what that decision does to mortgage payments. The hike matters for Edmonton buyers in a specific way: the city is the most affordable big market in the country, so a rate rise does not push the average home out of reach the way it does in Toronto or Vancouver, but it does raise the bar on the detached homes and the higher price bands where Edmonton buyers actually stretch.

The practical effect is large. On a $390,560 mortgage (the average Edmonton home with 20% down), the payment at 4.58% is $2,189 a month. At the 6.58% qualifying rate, the same mortgage is tested at $2,657 a month - a $468 monthly difference that exists only on the lender's worksheet but fully determines your approval.

Gate three: the 39% and 44% ratio caps

Passing the rate test is not enough. CMHC's underwriting standards cap the gross debt service (GDS) ratio at 39% and the total debt service (TDS) ratio at 44% of gross income. GDS counts the mortgage payment (at the qualifying rate), property tax, heating costs, and 50% of condo fees if applicable. TDS adds every other recurring debt payment - car loans, credit cards, student loans. Source: CMHC - Calculating GDS and TDS.

This is why two households with the same income can qualify for very different homes. A $450 monthly car payment does not change your GDS, but it eats directly into the 44% TDS budget, and on an Edmonton-sized mortgage it can easily be the constraint that binds. Our GDS and TDS worksheet guide reproduces the lender's math line by line. One Edmonton-specific note: half of condo fees count in GDS, and the apartment band at a $198,000 benchmark is where the median household can buy most easily, so a buyer shopping that band needs the fee figure before the lender's math means anything. A $400 monthly condo fee adds $200 to the GDS test payment, which is the same as adding about $30,000 to the mortgage for qualification purposes.

The three Edmonton scenarios

Here is the full picture for the average $488,200 Edmonton home at a 4.58% contract rate, 25-year amortization, tested at the 6.58% qualifying rate. The income column uses only the mortgage payment against the 39% GDS cap - no tax, no heat, no other debts - so treat it as the floor, not the final answer.

Down payment	Mortgage financed	Payment at 4.58%	Test payment at 6.58%	Income needed (mortgage only, 39% GDS)
Minimum: $24,410 (5.00%)	$482,342 (incl. $18,552 CMHC premium)	$2,703	$3,281	About $101,000
10%: $48,820	$453,001 (incl. $13,621 CMHC premium)	$2,539	$3,081	About $94,800
20%: $97,640	$390,560 (no insurance needed)	$2,189	$2,657	About $81,700

Three things stand out. First, putting less down barely helps affordability on paper: the smaller down payment is swallowed by a bigger mortgage and an insurance premium, so the income needed actually rises as the down payment falls. Second, even the least friendly scenario needs only about $101,000 - roughly $4,000 below Edmonton's $105,000 median income - before a single dollar of property tax is counted. That is the first time in this series the median income clears the average home at minimum down, and it clears it at 20% down by about $23,300. The gap is closed because incomes are high and prices are low at the same time: Edmonton's $105,000 median income is the second-highest in the series, and its $488,200 average price is the lowest. Third, the payment at the contract rate is what you will actually pay, and at 20% down it is $2,189 a month, about 25.0% of gross monthly income for a median-earning household. Lenders cap you at the test payment for a reason: they are underwriting the renewal, not just the first term.

You can rerun every one of these scenarios with your own numbers in the affordability calculator, the stress test calculator, and the mortgage payment calculator.

The tax and heat problem

The table above is generous, because GDS does not stop at the mortgage. Property tax and heat are added to the test payment before the 39% cap is applied, and on a $488,200 Edmonton assessment the tax line alone is a real number. Edmonton also heats longer than any other city in this series, so the heat line is not a rounding error either.

Using two hypothetical examples (these are illustrative loads, not measured Edmonton averages) on the 20%-down scenario, where the test payment is $2,657:

• Test payment + $600/month tax and heat: income needed rises to about $100,200
• Test payment + $800/month tax and heat: income needed rises to about $106,400

That first line is the most important sensitivity in the article. At a hypothetical $600 a month of tax and heat, one median income still clears the average Edmonton home, by about $4,800. At $800 a month it falls about $1,400 short. No other city in this series survives even the $600 line on one median income. Edmonton does, barely, and that is the whole story of the city's affordability: the cushion is real, and it is thin once the ownership stack is counted in full.

And that is still GDS only. Any car loan, credit card balance carried month to month, or student debt then has to fit inside the remaining room up to the 44% TDS cap. This is the mechanical reason some Edmonton buyers who "can afford the payment" at 4.58% still get approved for less than the average-priced home: the approval is not based on the payment they will make, and it is not based on the mortgage alone.

There is also an Edmonton wrinkle worth knowing: the $985 in Land Titles fees from the section above is cash at closing, not part of the mortgage, so it does not enter the GDS math at all - but it decides whether a buyer who qualifies on paper can actually close. At $985 it is small enough that it rarely decides anything, which is itself the point: in Toronto the equivalent line is roughly $31,700, and that line has killed deals that the stress test approved. Run the closing-cost math in our Alberta closing costs guide alongside the income math here.

Four markets in one city

Edmonton is not one market at the $488,200 average, and the income math changes completely depending on which property type you shop. The REALTORS Association of Edmonton's October 2026 figures put the single-family benchmark at $509,800, down 1.1% year over year, the townhouse benchmark at $267,700, down 1.6%, and the apartment benchmark at $198,000, down 0.6%. Average prices by type tell the same story from the other side: detached homes averaged $550,510 in October, down 1.8% year over year, semi-detached homes $410,683, down 4.3%, row homes $297,691, up 0.1%, and apartment condos $213,245, up 5.1%. That $337,300 spread between a detached average and an apartment condo average is the single most important fact in this article after the income math, because the below-average band a median household can actually reach is mostly townhouses and apartments, and condos are the one segment where Edmonton prices are rising.

For the median household, that split is the whole story. The average home needs about $81,700 at 20% down. A single-family home at the $509,800 benchmark would need roughly $85,400 at 20% down by the same math. A townhouse at the $267,700 benchmark would need roughly $44,800. An apartment at the $198,000 benchmark would need roughly $33,200. The median household can buy the average home on one income, can buy a single-family home on one income, can buy a townhouse on one income with room to spare, and can buy an apartment on one income with a wide margin - before condo fees, which count at 50% in GDS and vary widely by building. On average prices rather than benchmarks, a detached home at $550,510 needs roughly $92,200 at 20% down, still about $12,800 below one median income: Edmonton is the only city in this series where even the detached average is reachable on a single median paycheque. The $400,000 worked example below sits between those poles, in the semi-detached and smaller single-family band where a median household actually shops. Our Edmonton forecast treats property type as the key watch item for 2026, and our Edmonton deep dive tracks the city's longer run toward the $500,000 line.

Worked example: a $400,000 Edmonton home

The average price is a blend of everything from downtown condos to suburban detached houses, so here is the same lender math on a $400,000 purchase - the kind of below-average target a household would actually shop for in the semi-detached band, close to the city's $417,200 benchmark. Because $400,000 is below the $500,000 threshold, the federal minimum down payment is a flat 5%. The Land Titles fees on this purchase are $450 for the transfer and $370 for the mortgage registration at 20% down, $820 in total, and there is still no land transfer tax and no premium tax.

Scenario on $400,000	Mortgage financed	Payment at 4.58%	Test payment at 6.58%	Income needed (mortgage only, 39% GDS)
Minimum down: $20,000 (5.00%)	$395,200 (incl. 4.00% CMHC premium)	$2,215	$2,688	About $82,700
20% down: $80,000	$320,000 (no insurance needed)	$1,793	$2,177	About $67,000

The second row is the most important number in this article. With 20% down on a $400,000 home, the mortgage-only income requirement is about $67,000 - roughly $38,000 below Edmonton's $105,000 median household income. Property tax and heat still have to fit on top, so the median household is not home free even in the below-average band, and any significant car payment will bind through the 44% TDS cap instead. But the path is visible: the average home needs about $81,700, while a home priced $88,200 below the average, bought with a full 20% down payment, needs about $67,000. Every $50,000 shaved off the price cuts the required mortgage-only income by roughly $8,400 at these rates. That spread - between the average listing and the median paycheque - is exactly where Edmonton's market tension lives in 2026, and it is why the below-benchmark band sees competition that the city-wide average price never hints at.

What about renting instead?

For a median-income Edmonton household, renting the average unit costs $1,720 a month, about 19.7% of gross income. Buying the average home at 20% down costs $2,189 a month in mortgage payment alone, before property tax, heat, insurance, and maintenance - and requires getting approved at a $2,657 test payment in the first place.

So on pure cash flow, renting is roughly $469 a month cheaper than the mortgage payment and further cheaper once the rest of the ownership stack is included. That $469 gap is the smallest rent-versus-buy gap in this series, against $761 in Ottawa, $738 in Montreal, $891 in Calgary, $1,472 in Toronto, and $2,171 in Vancouver. What renting does not give you is principal repayment: at 20% down, about $47,000 of the first five years of payments would have gone to principal on that Edmonton mortgage (at 4.58% over 25 years), building equity even if prices went nowhere. The framing we use site-wide is this: renting in Edmonton is cheaper per month by a clear margin, buying is a forced-savings plan you need roughly $81,700 to $106,400 of income to access at the average price. Our rent-versus-buy guide for Edmonton works the full comparison for the city, and the rent-versus-buy calculator lets you test that trade-off with your own rent and time horizon. Edmonton renters pay the smallest share of a median income in the series, which is one reason the city's rental market stays tight even at a 2.5% vacancy rate.

The 30-year question

Longer amortizations are available to some buyers (including first-time buyers under current federal rules), and they do lower the test payment. On the average Edmonton home at 20% down, stretching from 25 to 30 years drops the test payment from $2,657 to $2,489 a month, and the mortgage-only income requirement from about $81,700 to about $76,600. That is a real reduction, roughly $5,100 of required income - and it lands about $28,400 below Edmonton's $105,000 median income.

It is not free. The contract-rate payment falls from $2,189 to $1,998 a month, but the total interest over the life of the loan rises from about $266,000 to about $328,500 - roughly $62,500 more interest for the same house, and principal repayment slows, which matters in a market where our data shows prices up 4.5% year over year and sales volumes down 8.3%. Our 30-year amortization guide works the full trade-off. The 30-year option widens a gap the median income already clears. It does not turn Edmonton's average home into a bargain - and unlike Calgary, where the same lever closes a gap that actually exists, Edmonton needs no lever at all on the mortgage alone, and the tax-and-heat load is the line that decides whether the cushion survives.

How Edmonton buyers use the headroom

Given that one median income already qualifies for the average home, Edmonton purchases happen because buyers use the headroom, not because they need a second income to reach the average at all:

1. Two incomes, and in Edmonton that is far more than enough. Two earners at the $105,000 median produce $210,000 of household income, which clears the mortgage-only requirement at 20% down by about $128,300, and still clears it by about $103,600 once a hypothetical $800 a month of tax and heat is counted. At minimum down, the requirement with tax and heat rises to about $125,600, and two median incomes still clear it by about $84,400. This is the sharpest contrast with Vancouver in this series, where two median incomes fall short even before tax and heat, and with Toronto, where two medians clear the average home at 20% down but fall short at minimum down once tax and heat are counted. In Edmonton, dual-income qualification works at every down payment level in the scenarios above, with the widest margin in the series.
2. A below-average target. The $488,200 figure is an average across all home types. Apartments pull it down; detached houses pull it up. Every $50,000 shaved off the price cuts the required mortgage-only income by roughly $8,400 at these rates, which is why the $400,000 band above is where the competition concentrates - and why it is the only band in this series where the median household qualifies on the mortgage alone with nearly $38,000 to spare.
3. A bigger down payment. Moving from 10% to 20% down removes the insurance premium and cuts the income requirement by about $13,100 in the scenarios above, and it also removes the roughly $13,621 premium itself from the amount financed. Family gifts are common here, but they follow strict documentation rules - see our guide to gifted down payments.
4. Debt cleanup before applying. Because TDS caps total debts at 44%, clearing a car loan or card balance can raise the approved mortgage amount more than a modest raise does. The approval math rewards low obligations, not just high income.
5. A co-borrower. Adding a co-borrower pools income for qualification, at the cost of shared liability. The trade-offs are spelled out in our co-borrower versus guarantor guide.

What does not work: waiting for prices to fall far enough to make the math comfortable. Prices are up 4.5% year over year, and the average home already fits one median income on the mortgage alone, so a buyer waiting for a much bigger cushion is waiting against the trend, not with it - and Edmonton prices are rising, not falling, while sales volumes ease. The levers that work are a second income, a lower price band, a bigger down payment, or less other debt - in roughly that order. Run your own combination in the affordability calculator before you book a single showing. First-time buyers should also read our complete first-time buyer roadmap before choosing a price band.

Frequently asked questions

How much income do you need to buy a home in Edmonton in 2026?

For the average $488,200 Edmonton home with 20% down at a 4.58% contract rate, the mortgage payment alone requires roughly $81,700 of gross income under CMHC's 39% GDS cap at the 6.58% qualifying rate. Adding a hypothetical $600 to $800 a month for property tax and heat pushes the requirement to roughly $100,200 to $106,400. The city's median household income in our data is $105,000, which clears the mortgage-only requirement at every down payment level.

What is the minimum down payment on a $488,200 home in Edmonton?

Under the federal rules, homes priced at $500,000 or less require 5%. On $488,200 that is $24,410. Because that is under 20%, mortgage default insurance is required: the 4.00% premium adds $18,552 to the mortgage. Alberta charges no tax on the insurance premium and no land transfer tax at all. Land Titles registration fees on the average purchase come to about $985.

What rate does the stress test use for an Edmonton buyer in 2026?

OSFI's minimum qualifying rate is the greater of your contract rate plus 2 percentage points or the 5.25% benchmark floor. At the 4.58% contract rate in our market data, the qualifying rate is 6.58%. You pay at 4.58%, but the lender sizes your maximum mortgage as if you were paying 6.58%.

Does Edmonton's median income of $105,000 qualify for the average home?

Yes, and Edmonton is the first city in this series where that is true. One median income clears the mortgage-only requirement of roughly $81,700 at 20% down with about $23,300 to spare, and it also clears the roughly $101,000 requirement at minimum down, with about $4,000 to spare. Once a hypothetical $600 a month of property tax and heat is counted, the 20%-down requirement rises to roughly $100,200, still about $4,800 below one median income. At a hypothetical $800 a month it reaches roughly $106,400, about $1,400 above one median. Stretching to a 30-year amortization at 20% down drops the requirement to about $76,600. Two median incomes together total $210,000, which clears the average Edmonton home at every down payment level by a wide margin.

Is renting in Edmonton cheaper than buying in 2026?

On monthly cash flow, yes, but by the smallest margin in this series. Average rent in our Edmonton data is $1,720 a month, versus a $2,189 mortgage payment at 20% down (before tax, heat, insurance and maintenance). Renting is about $469 a month cheaper than the mortgage payment alone. Rent takes about 19.7% of gross income for a household earning the $105,000 median, the least-stretched rent in this series.

What price can a $105,000 Edmonton income actually afford?

Holding the 39% GDS cap and the 6.58% qualifying rate constant, a $105,000 income supports a qualifying payment of about $3,412 a month. That corresponds to a mortgage near $501,700 before tax and heat are counted, or a home near $627,100 with 20% down - about 28.5% above the $488,200 average. This is arithmetic, not a forecast.

What the Edmonton numbers add up to

Edmonton is not cheap because its prices are low in isolation - it is the least stretched of Canada's big-city markets because a 4.6x price-to-income multiple puts the average home roughly $23,300 of income inside the median paycheque, before tax and heat. An Edmonton buyer at the average price needs about $81,700 of income before tax and heat, and $100,200 to $106,400 with them. One median income clears the average home at every down payment level on the mortgage alone, and a 30-year amortization widens the cushion to about $28,400. Two median incomes clear the average home at every down payment level, with the widest margin in the series. And the $400,000 band needs only about $67,000 at 20% down, which is roughly $38,000 below one median income - the one place in this series where the median household can buy below the average with the most room to spare. Alberta's closing costs are the lightest in the series too: about $985 in Land Titles fees against roughly $31,700 of combined transfer tax in Toronto, and no tax on the insurance premium. If your household is below the $81,700 line, the levers that work are a second income, a lower price band, a bigger down payment, or less other debt - in roughly that order. Run your own combination in the affordability calculator before you book a single showing.

Data and sources: BubbleWatch market data for Edmonton (average price $488,200, median income $105,000, average rent $1,720, vacancy 2.5%, year-over-year price change +4.5%, as listed in the site's affordability data, last updated November 9, 2026; mortgage rate 4.58% from the site's live market data, refreshed November 9, 2026); REALTORS Association of Edmonton October 2026 release, November 3, 2026 (Greater Edmonton Area: 1,882 sales, down 8.3% year over year; 3,264 new listings; inventory 15.2% above a year earlier; average selling price $457,641, up 0.5% year over year; MLS HPI composite benchmark $417,200, down 0.9% year over year; detached average $550,510, semi-detached $410,683, row homes $297,691, apartment condos $213,245; HPI benchmarks: single-family $509,800, townhouse $267,700, apartment $198,000; City of Edmonton: 1,256 sales, down 12.2% year over year; 5,612 homes listed; 4.5 months of inventory; average price $425,348; median price $405,500; HPI benchmark $397,000; detached average $521,471); Financial Consumer Agency of Canada down payment rules via Canada.ca; OSFI Guideline B-20 minimum qualifying rate (greater of contract rate plus 2% or 5.25%); CMHC GDS/TDS limits of 39% and 44%; CMHC premium tiers 4.00% / 3.10% / 2.80% from the site's CMHC premium guide; Alberta Land Titles fees ($50 plus $5 per $5,000) and no land transfer tax from the site's Alberta closing costs guide; CMHC premium tax treatment (Ontario, Quebec and Saskatchewan only) from the site's CMHC premium guide; Bank of Canada policy rate 2.5% after the October 28, 2026 decision. Tax and heating figures in the sensitivity section are labeled hypothetical examples, not measured Edmonton averages. Confirm current rates and program rules with your lender, as they change.