Should You Buy a Home Now or Wait?

The Edmonton real estate market continues to evolve as summer settles in, bringing new opportunities for buyers and sellers alike. Whether you are looking to purchase your first home, sell your property, or simply stay informed about local happenings, this post offers a comprehensive update on the market, practical tips for navigating it, and a curated list of exciting events happening in Edmonton during the week of July 13-19.

Should You Buy a Home Now or Wait?

This is one of the questions I get asked most often. Whether the market is slower than previous years or homes are selling within days, people always want to know the same thing:

"Is now a good time to buy?"

You've probably heard the saying, "The best time to buy was yesterday. The second-best time is today." While that isn't true in every single situation, there is a lot of wisdom behind it.

Many people wait for the "perfect" market conditions. They watch the news hoping to hear phrases like "buyer's market" or "seller's market" before making a move. But what many people don't realize is that if you're both buying and selling, you're participating in both markets at the same time.

If there are lots of homes available to buy, there are also likely more homes competing with yours when you sell. If inventory is low and homes are selling quickly, you'll probably sell faster, but you'll also have fewer homes to choose from when you buy.

For people buying and selling at the same time, the biggest question isn't whether it's a buyer's or seller's market. It's whether you're ready. Do you have the finances in place? Is the timing right for your family? Are you prepared to make the move?

If you're buying your first home and don't have one to sell, you have a little more flexibility. However, it's important to approach the market strategically rather than emotionally.

When prices soften or the economy becomes uncertain, many buyers become hesitant. They start asking questions like:

• Is the market going to crash?

• Will home prices keep falling?

• What if I lose my job?

• Will prices ever recover?

  
  

These are completely valid concerns. But if fear becomes the deciding factor, you could miss an opportunity.

Historically, Canadian real estate has experienced periods of ups and downs, but over the long term, home values have generally increased. That's one of the reasons younger generations often talk about how much more affordable homes were 10 or 20 years ago.

While no one can predict exactly what the market will do next, slower markets can create opportunities. There may be more negotiating power, less competition, and more time to make thoughtful decisions. Remember, real estate markets are very localized, if you are hearing about real estate in Vancouver, Toronto, and the rest of Canada, and you are applying it to Edmonton you may be misleading yourself. Focus on your market and you will find much better success.

At the end of the day, buying a home is about more than timing the market. It's about being financially prepared, understanding your goals, and making a decision that fits your life.

Think about this: how many people wish they had bought a home in 2017 when prices were significantly lower than they are today? Chances are, in 2035, people will be saying the exact same thing about 2026.

If you're wondering whether you're ready to buy, I'd be happy to walk through your situation with you. Every buyer's circumstances are different, and having a plan is far more important than trying to perfectly time the market. Reach out here

Edmonton Real Estate Market Update

We are well into July and although the weather maybe bad the Edmonton market has signs of life! Overall, the market has slowed down since this time last year but it remains a great market for those looking to take advantage.

With international uncertainty many buyers remain on the sidelines waiting for the tables to turn but as a buyer it is important to be informed of the past and the present. In the past when we have seen uncertainty those who took the risks were rewarded and those who waited ended up it circumstances with multiple offers and sold prices over list.

• The Edmonton housing market continues to move toward a more balanced market as inventory rises, giving buyers more choice while prices remain relatively stable.

  • 🏡 Average detached home price: $592,989 (+3.3% year-over-year)

  • 📈 Inventory is increasing, creating more opportunities for buyers.

  • 🤝 Buyers have more negotiating power than they did a year ago.

  • 💰 Well-priced homes are still selling quickly, making accurate pricing essential for sellers.

  
  

Edmonton remains one of Canada's more stable real estate markets. Buyers have more options, sellers can still achieve great results, and success comes down to having the right strategy—not trying to perfectly time the market.

Check out more market information here!

What’s Happening in Edmonton This Week

Edmonton’s calendar is packed with events that showcase the city’s culture, creativity, and community spirit. Here are some of the key happenings from June 29 to July 5:

1. Taste of Edmonton (July 16-26)

Come down to Sir Winston Churchill Square and check out some of the best food and cultures Edmonton has to offer!

2. Edmonton Elks vs BC Lions (July 17 @ 7:00 PM)

Come watch the Edmonton Elks take on the BC Lions at Commonwealth on July 17!

3. K-Days (July 17-26)

Another year of K-Days kicks off on July 17. HEad down to the Expo Center to enjoy the rides, games, food, music and much more!

4. The Great Outdoors Comedy Festival (July 17-19)

Bring your laughs to Kinsmen Park and enjoy some amazing stand up comedy!

5. World Cup Watch Party

Although Canada may be out there are still World Cup Festivities and watch parties going on all around the city. Currently there are semi-final matches going on with the 3rd place match and the final happening on Saturday and Sunday respectively.

AC Galo Corner

Blake Reimer Real Estate is proud to announce that they have partnered with AC Galo Soccer team here in Edmonton.

In last weeks game AC Galo took on Parkland Fusion Fc 2 and won 8-2 keeping them in 2nd place with a 5-1-1 record.

This Weeks Game Details:  

• Date: July 16, 2026

• Time: 8:30 PM

• Location: Coronation Park Field 1

  
  

Come out and enjoy the game! GALO ROLL!!!!

Edmonton’s real estate market has a lot to offer at the moment for both buyers and sellers. Whether you are planning to move or just want to enjoy what the city has to offer, staying informed and prepared will help you make the most of this season.