If you’re thinking about buying into the Edmonton real estate market, it might not be a hard sell. Indeed, there’s lots to love about this Canadian city. Edmonton is Alberta’s capital and North America’s northernmost metropolitan area. With a population of over one million, it is home to one of the largest malls in North America – West Edmonton Mall. Edmonton is also a well-known festival city, hosting several festivals every year.
Edmonton real estate is currently experiencing a balanced market, with demand likely to increase as we move into spring. Move-up and move-over buyers are presently driving demand in the city, with single-detached homes being in the highest demand. However, new construction developments continue to be affected by the current supply chain issues and inflationary costs.
Consumer confidence is the most prevalent concern for buyers in this region, specifically regarding job security and the economy. Homebuyers in the Edmonton region are typically city lovers without kids, suburban families and luxury seekers.
Liveability in Edmonton is expected to continue to improve over the next few years. In a recent RE/MAX Liveability Report, we noted: “With a growing tech sector, cannabis industry, and restaurant and food scene, Edmonton is poised for an improved and growing economy. The oil and gas industry will continue to be a notable portion of our economy, but these other sectors are creating new jobs funding home ownership. With our ideal balance of liveability and affordability, Edmonton is one of Canada’s most affordable major cities with a fantastic overall lifestyle.”
So, what are the best neighbourhoods in Edmonton to buy a house? Here are our top picks in Edmonton.
5 Most Liveable Neighbourhoods in the Edmonton Real Estate Market
- Downtown – Downtown Edmonton is the city’s central business district, home to high-rise office buildings, government institutions, and cultural attractions like the Art Gallery of Alberta and Rogers Place arena. With a vibrant dining and nightlife scene and public transportation access, Downtown Edmonton is a hub of activity for locals and visitors alike.
- Cromdale – Located just northeast of Downtown, Cromdale is a residential neighbourhood characterized by tree-lined streets, quaint homes, and affordable apartment buildings. Residents enjoy easy access to the nearby river valley park system and various local amenities, including shops, restaurants, and schools.
- McCauley – McCauley is a historic inner-city neighbourhood located northeast of Downtown, known for its diverse ethnic and cultural communities. With a mix of old homes and modern developments, McCauley features a variety of local shops, markets, and eateries, as well as parks, schools, and community centers that cater to residents of all ages.
- Prince Rupert – Prince Rupert is a primarily residential neighbourhood located just north of Downtown. Known for its quiet streets and mature trees, the area features a mix of single-family homes and low-rise apartment buildings. With easy access to public transit and nearby amenities, Prince Rupert offers its residents a peaceful urban living experience.
- Boyle Street – Boyle Street is a diverse inner-city neighbourhood just east of Downtown. It has a rich history and cultural significance, with many historic buildings and landmarks like the Ukrainian Cultural Heritage Village. The area is also home to various local shops, services, and community organizations that serve its residents.
Runners-up include:
- Strathcona
- Woodcroft
- Spruce Avenue
- Summerlea
- Parkdale
Most Liveable Neighbourhoods in Edmonton
The most liveable neighbourhoods in Edmonton boast excellent access to green space and dog parks, proximity to bike lanes and walking paths and are close to big box stores and chains. These neighbourhoods are also close to public transit, workplaces and Downtown Edmonton, offering a mix of residential and commercial spaces. Each has unique character and charm, from Cromdale’s tree-lined streets to McCauley’s diverse cultural communities.
Edmonton has many diverse and vibrant neighbourhoods, each with unique charm and livability. From Downtown’s urban hustle and bustle to the quiet tree-lined streets of Prince Rupert, there is a neighbourhood to suit every lifestyle and preference. With a range of local amenities, cultural attractions, and community organizations, these neighbourhoods offer residents a high quality of life and a strong sense of community. Overall, Edmonton’s most livable neighbourhoods balance convenience, affordability, and quality of life, making them ideal places to call home.
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Edmonton, Alberta’s capital, is North America’s northernmost metropolitan area with a population of over one million. It is home to one of the largest malls in North America—West Edmonton Mall—and is a well-known festival city, hosting several festivals year-round.
We know that Canadian’s truly celebrate the liveabililty factors of their neighbourhood – the qualities that give homeowners the true satisfaction of their home within the context of a neighbourhood. In fact a Leger survey conducted by RE/MAX revealed that 89% of Canadians recommend their neighbourhoods to others. Unlike your home, neighbourhoods cannot be changed, so it is important to assess what qualities are important to you before you purchase. Luckily, when it comes to Edmonton, there is a lot of celebrate in terms of liveability.
A survey of RE/MAX Brokers revealed that the best places to live in Edmonton are Old Strathcona, Oliver and Westmount rank as the top three neighbourhoods in Edmonton for access to green spaces and parks, walkability, retail and restaurants and the ease of getting around/public transit.
In the same Leger survey, six-in-10 Canadians put easy access to shopping, dining and green spaces at the top of their liveability criteria. Proximity to public transit (36 per cent), work (30 per cent) and to preferred schools (18 per cent), as well as cultural and community centres (18 per cent) fall out of the top five neighbourhood wants and expectations. So how does Edmonton stack up?
If you are searching for the best place to live in Edmonton, Summerside ranks as the top hidden gem neighbourhood, while Oliver, Clareview and Hudson rank as the top three neighbourhoods for affordability and good supply of housing inventory.
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