Market Report
Edmonton Multifamily Investment Forecast
2026 Investment Forecast
Young and Growing Population Drives
Momentum in Short and Long Run
Manageable rise in vacancy expected for 2026. As people from other parts of Canada relocated to Edmonton for its lower cost of living in the post-pandemic years, domestic in-migration accounted for roughly one-third of the metro’s resident gains. This demographic advantage has supported population growth, despite the recent pullback in immigration. As a result, apartment demand softened more gradually than in most other metros in 2025. Coupled with a modest decline in completions, vacancy rose only 70 basis points last year. Looking ahead to 2026, population growth is expected to remain positive, in contrast to a decline projected nationally, which will continue to underpin rental demand. On the supply side, completions will rebound above 7,000 units following last year’s dip, likely resulting in another mild rise in vacancy. Over the long term, Edmonton’s demographic advantage stands out. Beyond its more balanced population growth, it is one of Canada’s youngest metros, with a median age four years below the national figure. This youthful population — combined with a diversifying economy and steady public-sector employment — positions Edmonton’s multifamily sector for durable, long-run strength.
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