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Edmonton punches above its weight in multifamily property sales

Older buildings start to gain favour
Garneau Towers, in foreground, and The Eleanor, in the background, traded hands in a major Edmonton sale in 2025. (Michael Mulligan/CoStar)
Garneau Towers, in foreground, and The Eleanor, in the background, traded hands in a major Edmonton sale in 2025. (Michael Mulligan/CoStar)
CoStar Analytics
March 4, 2026 | 1:04 P.M.

While sales of multifamily properties across Canada first began to surge coming out of 2023, in most markets, they still lag pre-2023 sales levels. For Edmonton, however, the past two years have presented quite a different story.

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News | Edmonton punches above its weight in multifamily property sales