University Of Alberta, Edmonton - July 2026 Real Estate Report

University Of Alberta, Edmonton: What Your Home Is Actually Worth Right Now

If you live near the university and you're still relying on your last city assessment to know what your place is worth - stop. The market has moved, and not in a straight line. Here's the real picture.

The Vibe: Houses vs. Condos in University Of Alberta

Let's break down what's happening for us in this neighbourhood, depending on what you own.

Houses

• Average HonestDoor Price: $765,855 - up 0.04% from last period
• Predicted market value right now: $765,540
• 3-month moving average: $772,059 - meaning values are dipping slightly below recent trend
• Recent price change: -0.86%
• Estimated monthly rent: $3,567 with a rental yield of 5.14%
• Airbnb potential: $177 per night
• Neighbourhood leaderboard rank: 220 out of 302 in Edmonton - below average for growth

Houses here are holding solid value above $765K, but they are taking a breather. The 3-month trend is sliding down slightly, and that -0.86% recent change is worth watching. A 5.14% rental yield is genuinely strong - if you are not living in it, someone else would happily pay $3,567 a month to.

For context, our neighbours in Windsor Park are sitting at $1,459,182 on average - a completely different price tier. Garneau comes in at $694,127 and McKernan at $741,341, which puts University Of Alberta houses right in the middle of the local pack, leaning toward the higher end.

Condos

• Average HonestDoor Price: $298,707 - down 0.19% from last period
• Predicted market value right now: $299,289
• 3-month moving average: $295,221 - current value is actually trending above this, a small positive signal
• Recent price change: -1.20%
• Estimated monthly rent: $1,608 with a rental yield of 4.20%
• Airbnb potential: $80 per night
• Neighbourhood leaderboard rank: 170 out of 296 in Edmonton - below average for growth

Condo owners, here is the nuance. Yes, the recent price change is -1.20%, which sounds rough. But the predicted value of $299,289 is actually sitting above the 3-month moving average of $295,221. That means the short-term dip may be stabilizing. A 4.20% rental yield is moderate - not flashy, but steady. Nearby Garneau condos are averaging $320,475, so we are priced a bit below that comparable neighbourhood.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment

Here is the thing about city assessments - they are a snapshot from months ago, sometimes longer. They do not care that interest rates shifted, that a few listings nearby sold above asking, or that the rental market in a university neighbourhood moves fast when September rolls around.

The HonestDoor Price is updated in real time. It is the difference between knowing what your home is worth today versus what a government office thought it was worth last year. For a house sitting at $765,855, even a 1% miscalculation is over $7,600. That is not a rounding error - that is real money left on the table or overpaid in negotiations.

Check your HonestDoor Price now. Do not wait for a piece of mail to tell you what the market already knows.

The So What - Thinking About Selling This Summer?

If you own a house here and are thinking about listing, the honest answer is: the window is real but it is not wide open forever. Values are slightly off their 3-month peak, and sitting at rank 220 out of 302 for growth means this neighbourhood is not leading the Edmonton charge right now. That does not mean do not sell - it means price it sharp and do not sit on it.

For condo owners, the story is similar. You are below average on the growth leaderboard at 170 out of 296, and the recent -1.20% change is a signal to move with intention rather than wait for a big bounce. The rental demand from students and university staff is a genuine selling point - lean into that when you list.

Bottom line: University Of Alberta is a steady, in-demand neighbourhood with real rental income potential. It is not the hottest growth story in Edmonton right now, but it is far from cold. Know your number, price it right, and move before the fall market shifts the conversation again.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.