Condo vs Detached: What the Numbers Say

The price gap between property types in Edmonton is significant. Here's what the numbers reveal about value, lifestyle, and investment potential.

The Price Spectrum

The gap between a detached home ($589,384) and an apartment condo ($225,842) is $363,542 — that's a 161% premium. Row/townhouses ($313,193) and semi-detached ($423,341) sit in between.

Time to Sell

Not all property types move at the same speed:

• Detached: 32 days avg (+10.3% YoY)
• Semi-detached: 32 days avg (+18.5% YoY)
• Row/Townhouse: 35 days avg (+40.0% YoY)
• Apartment Condominium: 45 days avg (+15.4% YoY)

The Case for Condos

• Entry price: $225,842 vs $589,384 for detached
• Lower maintenance: Condo corp handles exterior, snow, common areas
• Location: Condos are often in walkable, central areas
• Lock and leave: Ideal for travel or busy lifestyles

Watch out for: Monthly condo fees ($250–$500+), special assessments, and resale competition. Condos had 357 sales this month vs 1488 for detached — proportionally less demand.

The Case for Detached

• Space & privacy: Yard, garage, no shared walls
• Appreciation: Land value tends to hold better long-term
• No condo fees: But you pay for all maintenance yourself
• Market demand: 1488 sales — the most active segment

The Middle Ground: Row/Townhouse & Semi-Detached

Often the best value proposition. Semi-detached at $423,341 gets you most of the detached experience at 28% less. Row/townhouses at $313,193 are the sweet spot for young families who want space without detached prices.

Explore all property types in detail on our Market page.