Should You Buy or Rent in Edmonton Right Now?
Should You Buy or Rent in Edmonton Right Now?
By Ibrahim AlGendy | The Counselor
It's one of the most common questions I get: “Should I just rent a bit longer… or buy now?” And in a market like Edmonton — where prices are relatively stable but interest rates are shifting — the answer isn’t black and white.
Let’s break it down the way I would for any client: with clarity, logic, and zero pressure.
1. The Case for Buying in 2025
✔️ Mortgage rates are higher than before, but stabilizing. You can lock in something reasonable now — and refinance later if rates drop.
✔️ Inventory is tight, but pricing is still reasonable. Edmonton hasn’t seen the same spikes as other Canadian cities, so values are steady — especially in suburbs and condos.
✔️ You build equity and long-term control. Even with closing costs and taxes, owning a home gives you control over your space, future resale gains, and cost stability.
2. The Case for Renting (For Now)
✔️ More flexibility, less upfront cost. No down payment. No closing fees. If you plan to move within 2–3 years, renting might be wiser.
✔️ You’re still rebuilding credit or saving. If your debt load is high or income is unstable, I’ll be the first to say — renting is okay. Let’s plan a roadmap instead of rushing.
3. What I Tell My Clients
Buying makes the most sense when you're stable in three areas:
- Job + income
- Savings or pre-approval in place
- At least 3+ years in the same city
If that’s you — let’s look. If it’s not, let’s plan. I don’t just open doors. I help you move when it’s right.
Final Counsel: There’s no one-size-fits-all answer. But there is a right path for you — and I’d be glad to help you find it.
— The Counselor
