Is It Cheaper to Buy a Home in Edmonton Than to Rent? Here’s the Math.
Is It Cheaper to Buy a Home in Edmonton Than to Rent? Here’s the Math.
By Ibrahim AlGendy | The Counselor
Rent prices in Edmonton are rising. And if you’re paying $1,500+ a month, it’s natural to wonder: Would buying be smarter?
This isn’t a guesswork game. It’s about real math, long-term thinking, and how homeownership can reshape your future. Let’s break it down.
Average Rent vs. Average Mortgage
Rent: A 2-bed rental in Edmonton averages $1,550–$1,800/month as of mid-2025.
Mortgage: A $350,000 home with 5% down = ~$1,850/month (including mortgage, tax, insurance).
Yes, on paper, rent seems cheaper by a bit — but you’re not building equity. And rents almost always go up. Your mortgage doesn’t.
Down Payment Doesn’t Have to Be 20%
Many buyers still think they need 20% down. 5% is enough for most homes under $500,000. There are even programs to help with that.
The Wealth Effect: Rent vs. Equity
Let’s say your home grows in value 3% per year. That’s ~$10,000+ in equity annually on a $350K home — money renters don’t see.
Yes, There Are Extra Costs
Ownership brings maintenance, closing costs, and property taxes. But it also brings tax-free appreciation, security, and leverage for future investments.
Final Counsel: Renting might seem safer month-to-month. But owning is what builds wealth long-term. Let’s walk through your numbers together and see if 2025 is your year to buy.
Book a free consult at AlbertaSell.com/contact
— The Counselor
