Why Edmonton Condos Are Sitting While Single-Family Homes Sell

Written by:

Alejandra Rodriguez

Date:

30 Mar 2026

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Edmonton’s condo prices dropped nearly 6% in December 2025, while single-family homes remained stable. The reason townhouses and apartments are lingering on the market across this Alberta city isn’t about location or property quality. It’s about buyer hesitation — specifically, the fear of unpredictable condo fees.

Sarju Ranjit, associate realtor with eXp Realty in Edmonton, says most of his buyers are newcomers to Canada, and many are wary of condos for one reason: monthly fees. “The majority of people are immigrants and newcomers, and they tend to buy single-family homes or duplexes,” Ranjit explains. “They’re scared to buy condominiums because of the condo fee.” This fear keeps condo demand low, leading to flat or falling prices, while steady demand for single-family homes keeps that segment of the market strong.

Ranjit estimates 70% to 80% of his clients are newcomers, especially from South Asia and other regions. Many arrive unfamiliar with how condominiums work in Canada, and the uncertainty around condo fees makes them nervous. “They think the condo fee may jump from $300 to $400 or $500 — you never know,” he says. As a result, many avoid condos altogether, even if one might better fit their budget or lifestyle.

What Buyers Overlook About Condos

The fear of rising condo fees is not entirely misplaced — fees can increase, especially in older buildings needing major repairs. But many buyers overlook key advantages that condos offer:

Lower Purchase Price: Condos generally cost less than single-family homes, requiring a smaller down payment and resulting in lower mortgage payments.

Included Maintenance: Condo fees cover exterior maintenance, landscaping, snow removal, and sometimes utilities. For buyers who prefer not to handle repairs or maintenance themselves, this is a major benefit.

Amenities: Many condos offer access to gyms, pools, party rooms, and guest suites — features that would be expensive to add to a detached home.

The real issue is understanding. In many countries, the condominium model simply doesn’t exist — shared ownership of a building, governed by a condo board and funded through monthly fees, is a distinctly North American concept that many newcomers are encountering for the first time. “Most immigrant people don’t have experience or knowledge about condominiums,” Ranjit says. Without clear information, buyers gravitate toward options that feel safer and more familiar, like single-family homes, where they have full control and no condo board to answer to.

How This Shapes the Market

This strong preference for single-family homes has split Edmonton’s real estate market in two. Detached homes and duplexes attract steady demand, multiple offers, and stable or rising prices. Condos linger on the market, draw fewer offers, and often sell below the asking price.

For sellers, this means condos are harder to move. Pricing realistically and staging well become essential. For buyers, low competition presents an opportunity to secure better deals and stronger negotiating power.

Ranjit doesn’t expect this divide to close soon. “Demand is always low because of the buyers’ mindset,” he says. “So condominiums are a little bit hard to sell, and the price usually doesn’t go up compared to single-family homes.”

What This Means for Buyers and Sellers

If you’re considering buying or selling a condo in Edmonton, understanding the current dynamics is critical.

For Buyers: Condos can offer excellent value if you do your research. Ask for the building’s reserve fund study to see how much is set aside for future repairs. Review recent condo board meeting minutes to identify any ongoing issues. Talk to current owners about their experience with fee increases and building management. If the building is well-managed and financially stable, a condo may be a smart purchase—especially with prices down and less competition.

For Sellers: To move your condo in a slow market, price slightly below comparable listings to attract attention. Clearly outline what’s included in the condo fee and emphasize the benefits of low-maintenance living. If your building has a healthy reserve fund and a history of stable fees, highlight this in your listing. Be prepared for a longer sales process. Condos in Edmonton typically take more time to sell, so adjust your expectations and marketing strategy accordingly.

Looking Ahead

The split between Edmonton’s condo and single-family home markets is unlikely to close until more buyers understand what they’re getting with a condo — and feel confident managing the risks. For now, buyer psychology and lack of information are shaping the market as much as interest rates or inventory.

Those willing to learn the details and look past common fears may find real value in the condo segment. For everyone else, the status quo will likely continue: single-family homes in demand, condos sitting and waiting for the right, better-informed buyer.

About the Expert: Sarju Ranjit is an associate realtor with eXp Realty in Edmonton, Alberta. A top 3% performer at his brokerage, he specializes in working with first-time buyers and immigrant families relocating to Canada. With over a decade of experience in the Edmonton market, Ranjit focuses on educating clients and providing straightforward guidance.

This article is based on information provided by the expert source cited above. It is intended for general informational purposes only and does not constitute legal, financial, or real estate advice. Readers should conduct their own research and consult qualified professionals before making any real estate or financial decisions.