Best Neighborhoods in Edmonton (2024)

Best Neighborhoods in Edmonton (2024)

As a result of the pandemic permanently changing the work environment, with many companies in certain sectors moving to permanent work-from-home arrangements, and the “Alberta is Calling” advertising campaign, Alberta’s two largest cities, including Edmonton, have seen an influx of new residents from places like Toronto and Vancouver moving to the region for its livability and relative affordability.

Summerside is one of the best neighbourhoods in Edmonton and perhaps the best. the best. This man-made lake community was originally developed by Brookfield over 20 years ago, and homebuyers here enjoy a peaceful lakeside lifestyle.

A close second on our list of “best neighbourhoods in Edmonton” is the suburb of the City of St Albert. There is also a similar, new man-made lake community in the area that home buyers are drawn to – Jensen Lakes.

These neighborhoods are some of the best places to buy in the city, as they are in the final stages of last lots becoming available for new construction. They offer a variety of home types, from entry-level condos and townhomes, to high-end lakefront luxury. In 2024 YTD, for sales in Summerside, the lowest price for condos was $154,000 with a median price of $475,000 and the highest at $1.8 million.

Demand in Edmonton is driven primarily by city-dwellers without children, suburban families/buyers looking for a larger home, and those seeking luxury.

We asked RE/MAX brokers and agents to weigh in on their market and help identify trends and the best neighborhoods in Edmonton. Here’s what they said.

The biggest concerns for home buyers in Edmonton are:

  • Affordability
  • Low housing supply
  • Crime rate

The top three livability features that buyers in Edmonton look for are:

  • Affordability
  • Safe, family-friendly neighborhoods
  • Green space, whether larger gardens or proximity to outdoor space

Best Neighborhoods in Edmonton

Top 3 most affordable neighborhoods:

  • Apartments in the city centre/Rossdale
  • Callingwood, Lymburn and the western part of Ormsby Place. There is a mix of single family homes, terraced houses and apartments in these neighbourhoods.
  • North East – Claireview/Kirkness – Mix of single family homes, terraced houses and apartments

Top 3 emerging neighborhoods:

  • Keswick – Newer community near river valley in SW
  • Chapel
  • Deer Ridge and Erin Ridge in St. Albert

Top 3 most luxurious neighborhoods

The three most luxurious neighbourhoods in the region are Glenora, Crestwood, Parkview and the Laurier Heights node – which runs along the River Valley to the west, with older, large lots. These are mature, upscale areas, close to downtown and other amenities.

Windsor Park and Belgravia are located near the University of Alberta campus in the southwest of Windermere. This is a newer area with larger lots and some riverfront lots and acreage.

Advice for home buyers

“Buy now!” says John Carter, Broker/Owner of RE/MAX River City, located in Edmonton. “Edmonton used to be for sale compared to other major Canadian cities, but others are seeing that and moving and investing here, which is driving up its value. So if buyers are interested in the market, they need to act quickly.”

John also recommends working with an experienced real estate agent with experience in the sellers’ market conditions and the target area or type of property you are seeking.

Another piece of advice from John: “Plan for a life in all seasons. Edmonton is the festival city, with so much to do all year round. Plan accordingly for the types of activities and hobbies you enjoy. Choose a location and type of home that puts you close to parks, mountain biking trails, tennis or golf, skiing, nightlife, top restaurants and more. Edmonton has grown into a true metropolis with so much to offer, but if you choose the wrong location for your needs, you can feel disconnected, just like in any other city.”

John recommends hiring an agent who specializes in relocations and who will take the time to learn about you and suggest locations and properties you may not have known existed. “Like Summerside, a man-made recreational lake community. Or Hodgson or Cloverdale, where you can ski out your back door in the winter. If you have a dog, make sure you’re near one of the great, natural, off-leash dog parks. Or if you want hiking/biking trails, choose locations that are best designed for that lifestyle.”