Author: John Braconnier

Lately, I've noticed a lot of questions about Edmonton’s housing market and what’s really happening behind the numbers. In mid-Q3, we saw resale activity nudge up by less than 1% month over month, but overall sales were still about 11% lower than the same time last year. This tells me that while things have slowed, we’re not seeing a full reversal—just more of a pause in activity. For the past six months or so, these softer conditions have reflected bigger issues like trade-war uncertainty and ongoing affordability concerns.

One thing I’m watching closely is how limited equity growth is making mortgage renewals harder for some homeowners. Many are facing average payment increases of around 6% in the current reset cycle, and if you locked in a 5-year fixed rate in 2020 or 2021, you might be looking at even steeper jumps—sometimes 15% to 20%. This makes budgeting and open conversations with your lender more important than ever.

The good news? Economists expect things to stabilize through the rest of 2026 and into 2027, suggesting that the recent slowdown is a detour, not a long-term shift. As your local Edmonton realtor, I’m here to offer honest advice and expert guidance so you can navigate these changes with confidence—whether you’re renewing, buying, or selling. Your goals are always my top priority.

Lately, I've noticed a lot of questions about Edmonton’s housing market and what’s really happening behind the numbers. In mid-Q3, we saw resale activity nudge up by less than 1% month over month, but overall sales were still about 11% lower than the same time last year. This tells me that while things have slowed, we’re not seeing a full reversal—just more of a pause in activity. For the past six months or so, these softer conditions have reflected bigger issues like trade-war uncertainty and ongoing affordability concerns.

One thing I’m watching closely is how limited equity growth is making mortgage renewals harder for some homeowners. Many are facing average payment increases of around 6% in the current reset cycle, and if you locked in a 5-year fixed rate in 2020 or 2021, you might be looking at even steeper jumps—sometimes 15% to 20%. This makes budgeting and open conversations with your lender more important than ever.

The good news? Economists expect things to stabilize through the rest of 2026 and into 2027, suggesting that the recent slowdown is a detour, not a long-term shift. As your local Edmonton realtor, I’m here to offer honest advice and expert guidance so you can navigate these changes with confidence—whether you’re renewing, buying, or selling. Your goals are always my top priority.

Lately, I've noticed a lot of questions about Edmonton’s housing market and what’s really happening behind the numbers. In mid-Q3, we saw resale activity nudge up by less than 1% month over month, but overall sales were still about 11% lower than the same time last year. This tells me that while things have slowed, we’re not seeing a full reversal—just more of a pause in activity. For the past six months or so, these softer conditions have reflected bigger issues like trade-war uncertainty and ongoing affordability concerns.

One thing I’m watching closely is how limited equity growth is making mortgage renewals harder for some homeowners. Many are facing average payment increases of around 6% in the current reset cycle, and if you locked in a 5-year fixed rate in 2020 or 2021, you might be looking at even steeper jumps—sometimes 15% to 20%. This makes budgeting and open conversations with your lender more important than ever.

The good news? Economists expect things to stabilize through the rest of 2026 and into 2027, suggesting that the recent slowdown is a detour, not a long-term shift. As your local Edmonton realtor, I’m here to offer honest advice and expert guidance so you can navigate these changes with confidence—whether you’re renewing, buying, or selling. Your goals are always my top priority.

Lately, I've noticed a lot of questions about Edmonton’s housing market and what’s really happening behind the numbers. In mid-Q3, we saw resale activity nudge up by less than 1% month over month, but overall sales were still about 11% lower than the same time last year. This tells me that while things have slowed, we’re not seeing a full reversal—just more of a pause in activity. For the past six months or so, these softer conditions have reflected bigger issues like trade-war uncertainty and ongoing affordability concerns.

One thing I’m watching closely is how limited equity growth is making mortgage renewals harder for some homeowners. Many are facing average payment increases of around 6% in the current reset cycle, and if you locked in a 5-year fixed rate in 2020 or 2021, you might be looking at even steeper jumps—sometimes 15% to 20%. This makes budgeting and open conversations with your lender more important than ever.

The good news? Economists expect things to stabilize through the rest of 2026 and into 2027, suggesting that the recent slowdown is a detour, not a long-term shift. As your local Edmonton realtor, I’m here to offer honest advice and expert guidance so you can navigate these changes with confidence—whether you’re renewing, buying, or selling. Your goals are always my top priority.

Lately, I've noticed a lot of questions about Edmonton’s housing market and what’s really happening behind the numbers. In mid-Q3, we saw resale activity nudge up by less than 1% month over month, but overall sales were still about 11% lower than the same time last year. This tells me that while things have slowed, we’re not seeing a full reversal—just more of a pause in activity. For the past six months or so, these softer conditions have reflected bigger issues like trade-war uncertainty and ongoing affordability concerns.

One thing I’m watching closely is how limited equity growth is making mortgage renewals harder for some homeowners. Many are facing average payment increases of around 6% in the current reset cycle, and if you locked in a 5-year fixed rate in 2020 or 2021, you might be looking at even steeper jumps—sometimes 15% to 20%. This makes budgeting and open conversations with your lender more important than ever.

The good news? Economists expect things to stabilize through the rest of 2026 and into 2027, suggesting that the recent slowdown is a detour, not a long-term shift. As your local Edmonton realtor, I’m here to offer honest advice and expert guidance so you can navigate these changes with confidence—whether you’re renewing, buying, or selling. Your goals are always my top priority.

Lately, I've noticed a lot of questions about Edmonton’s housing market and what’s really happening behind the numbers. In mid-Q3, we saw resale activity nudge up by less than 1% month over month, but overall sales were still about 11% lower than the same time last year. This tells me that while things have slowed, we’re not seeing a full reversal—just more of a pause in activity. For the past six months or so, these softer conditions have reflected bigger issues like trade-war uncertainty and ongoing affordability concerns.

One thing I’m watching closely is how limited equity growth is making mortgage renewals harder for some homeowners. Many are facing average payment increases of around 6% in the current reset cycle, and if you locked in a 5-year fixed rate in 2020 or 2021, you might be looking at even steeper jumps—sometimes 15% to 20%. This makes budgeting and open conversations with your lender more important than ever.

The good news? Economists expect things to stabilize through the rest of 2026 and into 2027, suggesting that the recent slowdown is a detour, not a long-term shift. As your local Edmonton realtor, I’m here to offer honest advice and expert guidance so you can navigate these changes with confidence—whether you’re renewing, buying, or selling. Your goals are always my top priority.

Lately, I've noticed a lot of questions about Edmonton’s housing market and what’s really happening behind the numbers. In mid-Q3, we saw resale activity nudge up by less than 1% month over month, but overall sales were still about 11% lower than the same time last year. This tells me that while things have slowed, we’re not seeing a full reversal—just more of a pause in activity. For the past six months or so, these softer conditions have reflected bigger issues like trade-war uncertainty and ongoing affordability concerns.

One thing I’m watching closely is how limited equity growth is making mortgage renewals harder for some homeowners. Many are facing average payment increases of around 6% in the current reset cycle, and if you locked in a 5-year fixed rate in 2020 or 2021, you might be looking at even steeper jumps—sometimes 15% to 20%. This makes budgeting and open conversations with your lender more important than ever.

The good news? Economists expect things to stabilize through the rest of 2026 and into 2027, suggesting that the recent slowdown is a detour, not a long-term shift. As your local Edmonton realtor, I’m here to offer honest advice and expert guidance so you can navigate these changes with confidence—whether you’re renewing, buying, or selling. Your goals are always my top priority.

Lately, I've noticed a lot of questions about Edmonton’s housing market and what’s really happening behind the numbers. In mid-Q3, we saw resale activity nudge up by less than 1% month over month, but overall sales were still about 11% lower than the same time last year. This tells me that while things have slowed, we’re not seeing a full reversal—just more of a pause in activity. For the past six months or so, these softer conditions have reflected bigger issues like trade-war uncertainty and ongoing affordability concerns.

One thing I’m watching closely is how limited equity growth is making mortgage renewals harder for some homeowners. Many are facing average payment increases of around 6% in the current reset cycle, and if you locked in a 5-year fixed rate in 2020 or 2021, you might be looking at even steeper jumps—sometimes 15% to 20%. This makes budgeting and open conversations with your lender more important than ever.

The good news? Economists expect things to stabilize through the rest of 2026 and into 2027, suggesting that the recent slowdown is a detour, not a long-term shift. As your local Edmonton realtor, I’m here to offer honest advice and expert guidance so you can navigate these changes with confidence—whether you’re renewing, buying, or selling. Your goals are always my top priority.

Housing affordability across Canada continues to be a major topic for families and individuals planning their next move. In Q2 2026, the national affordability reading reached around 41%, marking the 11th quarter in a row with some improvement. This progress has been driven by a combination of lower home prices, reduced borrowing costs, and stronger incomes. Still, even with about a 13-point improvement from the most challenging period, home ownership is taking up close to two-fifths of the average household’s income, so it’s understandable if it still feels out of reach for many.

It’s worth noting that these numbers are based on average disposable income, which doesn’t always reflect what most households experience day-to-day. As someone who walks alongside clients through every stage of buying or selling, I see firsthand how these broad figures don’t always match the reality families face, especially here in Edmonton. While economists point to easing rates and a significant price drop—around 20% nationally since the 2022 peak—the path forward still looks uncertain. If income growth remains slow and interest rate relief is limited, further home price adjustments might be on the horizon.

For anyone weighing their next step, know that the landscape is shifting, and having honest, local expertise makes all the difference. Your needs and goals remain my top priority as we navigate these changes together.

Housing affordability across Canada continues to be a major topic for families and individuals planning their next move. In Q2 2026, the national affordability reading reached around 41%, marking the 11th quarter in a row with some improvement. This progress has been driven by a combination of lower home prices, reduced borrowing costs, and stronger incomes. Still, even with about a 13-point improvement from the most challenging period, home ownership is taking up close to two-fifths of the average household’s income, so it’s understandable if it still feels out of reach for many.

It’s worth noting that these numbers are based on average disposable income, which doesn’t always reflect what most households experience day-to-day. As someone who walks alongside clients through every stage of buying or selling, I see firsthand how these broad figures don’t always match the reality families face, especially here in Edmonton. While economists point to easing rates and a significant price drop—around 20% nationally since the 2022 peak—the path forward still looks uncertain. If income growth remains slow and interest rate relief is limited, further home price adjustments might be on the horizon.

For anyone weighing their next step, know that the landscape is shifting, and having honest, local expertise makes all the difference. Your needs and goals remain my top priority as we navigate these changes together.