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Edmonton’s multifamily market still contends with supply-demand balance

Short period of rent slippage expected as market deals with glut of new apartments
Edison 50 in Edmonton's South submarket launched in the Summer of 2025. (Michael Muligan/CoStar)
Edison 50 in Edmonton's South submarket launched in the Summer of 2025. (Michael Muligan/CoStar)
CoStar Analytics
June 22, 2026 | 3:43 P.M.

Edmonton’s multifamily investment market could be entering a period of adjustment, as rents begin to contract following several years of rapid growth. Recent data point to a shift in fundamentals, one that could temper investor activity in the near term.

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