How Edmonton’s New Multi-Unit Developments Are Affecting Neighbourhood Property Values

Independent analysis by statistician Erynne Sjoblom, in collaboration with local real estate professionals and Edmonton Neighbourhoods United.

Key Findings at a Glance

Infographic showing that in Edmonton, single-family homes within 50 meters of new multi-unit infills have lost 7.4% of their value, which is about $34,022 on average, due to a 7.4% drop in value.

7.4% Average Value Drop

For single-family homes within 50 m of new multi-unit developments.

A graphic showing a statistic of 7.4% loss in value on properties within a 50 meter radius of a development, accompanied by a simple illustration of three buildings.

$34,022 Lost per Home

Average decrease in property value since nearby construction.

Information graphic titled 'The Breakdown' showing average financial loss per home, range of loss, and total loss for affected properties.

11,995 Sales Analyzed

Covering homes sold between Jan 2024 – Sept 2025.

Infographic with text outlining how home sales were measured, including 11,995 home sales in Edmonton, 111 multi-unit developments, and factors such as home age, size, bedrooms and bathrooms, lot size, month, and community differences.

111 Developments Studied

Across multiple Edmonton neighbourhoods.

Infographic showing a crane, apartment buildings, and houses with text about urban development and property value impacts.

$714,469 Combined Loss

Across just 21 affected properties — and growing.

📊 The Study Behind the Numbers

Download Report

This independent research analyzed 11,995 single-family home sales across Edmonton alongside 111 new multi-unit developments.
The data covered the period January 2024 through September 2025, examining how proximity to new construction impacts market values.

To ensure accuracy, the analysis controlled for:

  • Home age

  • Lot size

  • Square footage

  • Bedroom and bathroom count

  • Community differences

  • Month of sale

After adjusting for all these factors, homes located within 50 metres of a new multi-unit development still sold for significantly less — averaging a 7.4% decrease in value.

Graphic with city data showing growth, including buildings, clouds, and an upward arrow.

Why This Matters for Every Edmonton Neighbourhood

These findings confirm what many residents have observed — that high-density infills can change not only the look of a street but also the financial stability of nearby homeowners.

Rezoning has increased the pace of multi-unit construction across mature communities, and understanding the economic impacts is key to planning balanced growth that protects both residents and affordability.