MORE CHOICE EMERGE AS SASKATCHEWAN’S HOUSING MARKET HEADS INTO FALL

Saskatchewan homebuyers are seeing encouraging signs of greater choice heading into the fall market, as new listings increased and inventory posted a modest year-over-year gain in September. 

There were 2,182 new listings throughout the month, up five per cent year-over-year. Provincial inventory also edged slightly above September 2025 levels, while months of supply improved nearly 13 per cent year-over-year to 3.63 months. Despite those gains, inventory remains nearly 40 per cent below the 10-year average and months of supply remains 48 per cent below historical norms.

The improvement in choice comes as demand remains healthy. Saskatchewan reported 1,361 residential home sales in September. While that was 11 per cent below last year’s levels, sales remained nine per cent above the 10-year average for the month. Through the first nine months of 2026, sales remain six per cent below the near-record pace established in 2026 but nearly 10 per cent above the 10-year average.

“For the second consecutive month, we’re seeing encouraging signs of more choice returning to Saskatchewan’s housing market,” said Chris Guérette, CEO of the Saskatchewan REALTORS® Association. “New listings increased, inventory improved slightly from last year, and months of supply continued to move in the right direction. At the same time, sales remain above historical averages, which tells us demand for Saskatchewan housing remains healthy.”

Of the 4,940 units available across the province at month-end, more than 900 were conditionally sold and expected to leave the market. Accounting for those conditional sales, Saskatchewan entered October with 4,035 available residential units, representing 2.96 months of effective supply.

“We’re not declaring the supply challenge solved,” continued Guérette. “Inventory remains nearly 40 per cent below what we’d typically expect for September. But after spending much of this year watching buyers navigate historically tight conditions, continued movement toward greater choice is good news.”

Saskatchewan’s residential benchmark price stood at $376,700 in September, down from $381,600 in August but nearly three per cent higher than September 2025. The monthly decline aligns with typical seasonal trends, while all but three Saskatchewan communities continued to report year-over-year benchmark price gains.

“More choice creates opportunity for consumers,” said Guérette. “For buyers, it can mean a little more time to consider their options. For sellers, it reinforces the importance of understanding pricing and conditions in their local market. Saskatchewan remains competitive, but a market with more choice is ultimately a healthier market for everyone.”

Regional Highlights

The Swift Current-Moose Jaw region was the only region to report year-over-year sales gains in September, with sales up one percent year-over-year and 25 percent above the 10-year average. Despite modest sales declines in other provincial regions, four of the six regions reported sales well above the 10-year historical average for September.

While some regions welcomed inventory relief last month, supply challenges persist across nearly all regions of the province, ranging from 32 percent below historical trends in Swift Current-Moose Jaw to 43 percent below in the Prince Albert, Regina, Moose Mountain, and Yorkton-Melville regions.

Price Trends

While seasonal price trends bring month-over-month price declines across the province, all but three Saskatchewan communities saw year-over-year benchmark price gains in September.

North Battleford reported the strongest benchmark price growth for the month, with prices nearly 12 percent higher than September 2025. Other notable gains were seen in Meadow Lake (10 percent) and Humboldt (6 percent), with notable declines seen in Weyburn (9 percent) and Estevan (6 percent).

City of Regina

Regina reported 327 residential sales in September, down 13 percent year-over-year but outpacing the 10-year average for the month by nearly 15 percent.

Nearly 500 new listings came to market throughout the month, the third consecutive month with year-over-year gains. Of the 832 units available at month’s end, nearly 200 were conditionally sold and expected to leave the market. When accounting for conditional sales, Regina heads into October with 2.54 months of supply, up slightly from 1.72 in early September.

Regina’s residential benchmark price was $343,900 in September, down from $348,900 in August and three percent higher than September 2025. 

City of Saskatoon

Saskatoon reported 384 residential sales in September, down ten percent year-over-year but over eight percent above long-term, historical trends for the month.

New listings grew by over six percent year-over-year, the second consecutive month of new listing gains for the most supply-constrained market in the province. There were 1,053 units available at month’s end, 236 of which were conditionally sold, leaving 817 active units, or 2.13 months of supply heading into October.

Saskatoon’s residential benchmark price was $439,600 in September, down from $444,700 in August and nearly three percent higher than September 2025. 

MORE CHOICE EMERGES FOR SASKATCHEWAN HOMEBUYERS, BUT SUPPLY GAP PERSISTS

Saskatchewan’s housing market showed modest signs of improved choice for buyers in August, as more new listings came to market and available supply increased heading into the fall. However, one month of improvement does little to erase a supply deficit that has been years in the making.

The province reported 1,510 residential home sales in August, down three per cent year-over-year but still more than eight per cent above the 10-year average. Meanwhile, 2,277 new listings came to market, an increase of more than four per cent compared to August 2025, although new listings activity remained nearly eight per cent below historical levels.

That combination provided some welcome breathing room. Of the 4,920 units available across the province at month-end, nearly 1,000 were conditionally sold and expected to leave the market. Accounting for those conditional sales, Saskatchewan entered September with 3,933 available residential units, up modestly from 3,858 at the beginning of August. Effective months of supply also improved from 2.33 months to 2.60 months.

“We finally saw a little movement in the right direction in August,” said Chris Guérette, CEO of the Saskatchewan REALTORS® Association.

“More listings came to market, sales remained above historical levels, and buyers are heading into September with slightly more choice. That’s encouraging, but one month of modest improvement doesn’t erase a supply deficit years in the making. Inventory remains more than 40 per cent below what we would normally expect.”

Despite modest improvement, Saskatchewan remains one of the tightest housing markets the province has experienced historically. Overall inventory was five per cent lower than August 2025 and more than 42 per cent below the 10-year average.

The shift was also reflected in home prices. Saskatchewan’s residential benchmark price stood at $381,600 in August, down modestly from $383,500 in July but still more than three per cent higher than August 2025. All but two Saskatchewan communities reported year-over-year price gains, while two communities established new benchmark price records during the month.

“For consumers, a little more inventory can create more opportunity, but it doesn’t suddenly make this an easy market to navigate,” said Guérette. “Conditions can look very different depending on the community, neighbourhood and price range. Whether you are buying or selling, understanding those differences and being prepared to act on them is where the local knowledge and expertise of a REALTOR® can make a difference.”

August’s numbers provide an encouraging first step heading into the fall market, but the longer-term challenges remain unchanged. With inventory and months of supply dramatically below historical levels,

continued improvements in available housing will be necessary before Saskatchewan consumers experience the level of choice traditionally associated with a more balanced market. 

Regional Highlights 

The Yorkton-Melville region was the only region to report year-over-year sales gains in August, with sales up six percent year-over-year and well above the 10-year average. Despite modest sales declines in other provincial regions, five of the six regions continue to report sales well above the 10-year historical average.

As seen throughout 2026, inventory challenges persist across the regions, with supply levels ranging from 45 to 51 percent below the 10-year supply average for the month. The Saskatoon-Biggar (2.51 months of supply) and Regina Moose-Mountain (2.85) are again reporting the tightest conditions among the regions, as they have throughout the year. 

Price Trends

All but two Saskatchewan communities reported year-over-year price gains in August. While price gains were less significant than in recent months, two communities set new benchmark price records in August – marking the fifth consecutive month of record prices being reported across the province.

The City of Humboldt reported the strongest monthly benchmark price growth in August, with prices up over seven percent year-over-year. Other notable gains were seen in Estevan (7 percent) and North Battleford (5 percent). 

City of Regina

Regina reported 332 residential sales in August, outpacing the 10-year historical average despite a seven percent decline compared to August 2025.

Nearly 500 new listings came to market throughout the month, the second consecutive month with year-over-year gains. However, steady demand continues to prevent meaningful supply relief. Of the 797 units available at month’s end, 224 were conditionally sold and expected to leave the market. When factoring in conditional sales, Regina heads into September with 1.72 months of supply, up slightly from 1.43 in early August.

Regina’s residential benchmark price was $348,900 in August, down slightly from $349,800 in July, but over three percent higher than August 2025.  

City of Saskatoon

Saskatoon reported 446 residential sales in August, down one percent year-over-year but seven percent above long-term, historical trends.

New listings grew by over 12 percent year-over-year, a welcome development for the most supply-constrained real estate market in Saskatchewan. There were 965 available residential units at month’s end, 239 of which were conditionally sold, resulting in 726 active units or 1.63 months of supply heading into September. 

Saskatoon’s residential benchmark price was $444,700 in August, down slightly from $447,600 in July and three percent higher than August 2025. 

MLS® #: SK051768 (Both Units)

Address/Area: 350 & 352 Toronto Street (Churchill Downs) Regina

Asking Price: $289,900.00 (Total Both Units)

House Style: Bungalows

Each Unit has Bedrooms: 3

Each Unit has Bathrooms: 1

Each Unit has Kitchens: 1

Size: 1,848 sq. ft. (Each Unit has 924 sq. ft.)

Garage: Neither Unit has a Garage

Lot Size: 6,242 sq. ft. (Each Lot Size 350/3,123 sq. ft. 352/3,119 sq. ft.)

Year Built: 1977

Taxes: $1,941.99 (2026) Each Side

Description:

Great investment property in a good location. Side by side Duplex (they are on separate titles). Sq. ft. is 1,848 for both sides combined (924 sq. ft. on each side). Built in 1977 and each side has 3 bedrooms, 1 bathroom and 1 Kitchen. Some upgraded windows, shingles appear in good condition & maintenance free siding. Basement wide open for development. Tenant occupied. Lot Size: 350 Toronto St. 3,123 sq. ft. 352 Toronto St. 3,119 sq. ft. Taxes 2026: 350 Toronto St. $1,941.99 352 Toronto St. $1,941.99. All appliances in "as is" condition no warranties or guarantees expressed or implied. Note: Washer/Dryer in 352 will not remain.

For further information or booking an appointment to view this property contact Brenda Ganne Real Estate Professional Sutton Group - Results Realty 306 535-7710 Brenda

MLS® #: SK039977

Address/Area: Lajord 128 Acreage (HWY #6)

Asking Price: $2,400,000.00

House Style: 2 Storey

Bedrooms: 3

Bathrooms: 2

Size: 1,000 sq. ft.

Garage: Single Attached

Lot Size: 22 Acres

Year Built: 1950 (House)

Taxes: $1,000 (2025)

Description:

This one-of-a-kind acreage offers an exceptional opportunity and is in excellent condition. The property features a well-maintained residence along with an impressive 10,000 sq. ft. commercial-grade building that was purpose-built for a medical cannabis cultivation operation.

The facility is fully completed and outfitted with high-end equipment. According to the sellers, they have invested over $5 million in the construction and equipment. While the current owners do not hold a licence to operate the facility, the property presents outstanding potential for a variety of future uses, subject to all required licensing, approvals, and municipal regulations. Possible opportunities may include greenhouse production or a licensed medical cannabis cultivation operation.

This is a rare opportunity to acquire a substantial acreage with a significant commercial infrastructure already in place.

For further information or booking an appointment to view this property, contact: Brenda Ganne Sutton Group (306) 535-7710 or Reg Bernhardt Sutton Group (306) 596-0733

SASKATCHEWAN’S SUMMER MARKET CONTINUES TO FEEL THE EFFECTS OF HISTORICALLY LOW INVENTORY 

Summer is traditionally the busiest season for Saskatchewan’s housing market, offering buyers the greatest selection of homes and sellers the largest pool of active buyers. This year, however, consumers continue to face a market where choice remains limited despite the seasonal increase in activity.

Saskatchewan reported 1,653 residential home sales in July, down 11 per cent compared to the record-setting pace of July 2025 but still well above long-term historical levels. Sales through the first seven months of 2026 remain more than eight per cent above the 10-year average, reflecting continued strength in the province’s housing market.

While 2,453 new listings came onto the market in July, inventory continues to trail historical norms. There were 4,792 properties available across the province at month-end, nearly 950 of which were already conditionally sold. When those properties are removed, Saskatchewan enters August with just 3,858 active residential listings, or 2.33 months of supply, more than 50 per cent below the provinces long-term average for this time of year.

“Summer is usually when buyers expect to have the most choice, but this year the market continues to feel much tighter than people would expect,” said Chris Guérette, CEO of the Saskatchewan REALTORS® Association. “While sales have moderated from last year’s record pace, they remain well above historical averages, and inventory continues to lag behind. For consumers, that means finding the right home can still require patience, preparation and a clear understanding of what’s happening in their local market.”

Persistent supply challenges continue to have an impact on home prices across Saskatchewan. While the provincial benchmark price eased modestly from June’s record high, it remained nearly four per cent above last year.

The combination of historically low inventory and continued price growth means buyers and sellers continue to make important financial decisions in a market that remains fundamentally different from what Saskatchewan has traditionally experienced during the summer months.

“Markets like this reinforce the importance of local knowledge and trusted advice,” said Guérette. “Every community across Saskatchewan is experiencing these conditions in a different way. Whether someone is buying their first home, relocating to another community or preparing to sell, understanding local inventory, pricing and market has never been more important. A REALTOR® helps consumers navigate those decisions with confidence, backed by real-time knowledge.”

Saskatchewan continues to experience one of the tightest housing markets in its history. As the summer market progresses, inventory levels will remain one of the most important indicators to watch in determining whether buyers gain additional choice heading into the fall. 

Regional Highlights

All provincial economic regions reported year-over-year sales declines in July, except for the Northern region. Despite the monthly declines, those five economic regions continue to report sales well above the 10-year historical average. All six economic regions also reported year-over-year price gains in July.

While the province’s two largest regions saw some inventory relief compared to June,  Saskatoon-Biggar (2.10 months of supply) and Regina-Moose Mountain (2.57) continue to report the tightest market conditions in the province.

Price Trends

All but two Saskatchewan communities reported year-over-year price gains in July. While price gains were less significant than in recent months, six communities set new benchmark price records in July – marking the fourth consecutive month of record prices being reported across the province.

The City of Estevan reported the strongest monthly benchmark price growth for a second consecutive month, with prices up 8 per cent year-over-year. Other notable gains were seen in North Battleford (6 per cent), Humboldt (6 per cent), and Melville (6 per cent).

City of Regina

Regina reported 382 residential sales in July, down seven percent year-over-year but over 18 percent above the 10-year average for the month.

New listings improved modestly throughout the month, but steady sales once again prevented any meaningful inventory relief. Of the 755 units available at month’s end, 208 were conditionally sold and expected to leave the market. When factoring in conditional sales, Regina heads into August with 1.43 months of supply.

Regina’s residential benchmark price was $349,800 in July, down from the prior record of $356,400 set in June and three percent higher than July 2025.

City of Saskatoon

Saskatoon reported 539 residential sales in July, down 11 percent year-over-year. Despite the monthly decline, sales levels were 18 percent above the 10-year average.

New listings improved modestly throughout the month, but above-average sales continue to prevent significant inventory relief. There were 928 available residential units at month’s end, 244 of which were conditionally sold, resulting in 684 active units or 1.27 months of supply heading into August.

Saskatoon’s residential benchmark price was $447,600 in July, down from the record $448,400 in June but nearly four percent higher than July 2025.

 DEMAND IS REWRITING SASKATCHEWAN’S HOUSING MARKET

 Saskatchewan's housing market continues to defy conventional expectations, as strong buyer demand absorbs new listings almost as quickly as they reach the market, driving inventory to historic lows and pushing benchmark prices to another record high.

 The province reported 1,849 residential home sales in June, up five per cent compared to last year and more than 18 per cent above the 10-year average. Through the first half of 2026, Saskatchewan has recorded sales nearly eight per cent above long-term historical trends, underscoring the continued strength of demand across the province.

 While new listings increased six per cent year-over-year to 2,735, those gains have done little to ease market conditions. Inventory remains nearly 50 per cent below the 10-year average, while months of supply declined to just 2.51 months—the lowest level ever recorded for June and among the tightest market conditions Saskatchewan has experienced.

 The continued imbalance between demand and available housing is also driving prices higher. Saskatchewan's residential benchmark price reached $385,900 in June, another all-time record and nearly five per cent higher than one year ago.

 "For months, we've talked about Saskatchewan's housing supply challenges, but the bigger story today is demand," said Chris Guérette, CEO of the Saskatchewan REALTORS® Association. "More homes are coming onto the market than they did a year ago, but buyers are purchasing them almost as quickly as they're listed. That's why inventory continues to tighten, why months of supply have reached historic lows, and why we're seeing another month of record benchmark prices."

Strong demand continues to reshape market conditions across Saskatchewan. Every economic region reported year-over-year sales growth in June, while numerous communities established new benchmark price records. Even as inventory levels improved modestly in some markets, those gains were quickly absorbed by continued buyer activity, reinforcing the supply-and-demand imbalance across the province.

 "This is ultimately a success story for Saskatchewan—but success brings new responsibilities," said Guérette. "People want to build their lives here. Businesses are investing here. Our economy continues to create opportunity. If we want that momentum to continue, we have to ensure the housing market can grow alongside it."

 "Housing isn't just supporting Saskatchewan's growth anymore; it's becoming one of the factors that will determine how much we can grow. Every new worker, every young family and every new resident needs somewhere to call home. Meeting that demand is one of the biggest opportunities in front of us."

 Regional Highlights

All six provincial economic regions reported year-over-year sales gains in June. While sales levels have decreased compared to near-record 2025 levels through the first half of the year, the Regina-Moose Mountain, Saskatoon-Biggar, Swift Current-Moose Jaw and Yorkton-Melville regions are all reporting sales above the 10-year average. 

 Consistent with prior months, Saskatoon-Biggar (1.88 months of supply) and Regina-Moose Mountain (2.13) continue to report the tightest market conditions in the province.

 Price Trends

All but one Saskatchewan community reported year-over-year price gains in June, while Estevan and North Battleford saw double-digit gains for the month. Numerous Saskatchewan communities reported record benchmark prices for the third consecutive month.  

 The City of Estevan reported the strongest monthly benchmark price growth, with prices up 13 per cent year-over-year. Other notable gains were seen in North Battleford (10 per cent), Humboldt (8 per cent), and Meadow Lake (6 per cent).

City of Regina

Regina reported a June-record 432 sales, up eight percent year-over-year and 23 percent above the 10-year average. While year-to-date sales continue to trail 2025 levels, they are 11 percent above the 10-year average through the first six months of the year.

 New listings improved modestly throughout the month, but record sales prevented meaningful inventory relief, with the Queen City heading into July at 1.6 months of supply, nearly 50 percent below the 10-year average.

 Regina set another benchmark price record of $356,400 in June, up from the prior record of $350,200 in May and five per cent higher than June 2025.

 City of Saskatoon

Saskatoon reported 589 sales last month, among the strongest June’s on record and 22 percent above the 10-year average for the month. While inventory pressures continue to prevent even stronger sales levels, year-to-date sales narrowly trail 2025 levels and are well above the 10-year average through the first half of the year. 

 Despite a 17 percent year-over-year increase in new listings, Saskatoon continues to report the tightest market conditions in the province, with inventory levels 43 percent below the 10-year average and only 1.6 months of supply heading into July.

 Saskatoon’s residential benchmark price hit a new record $448,400 in June, up from the prior record of $444,400 in May and nearly five percent higher than June 2025.

CONTINUED HOUSING SUPPLY CHALLENGES THREATEN SASKATCHEWAN’S GROWTH POTENTIAL

 Saskatchewan’s housing market continues to face mounting supply pressures as rising inventory and new listings struggle to keep pace with sustained demand.

The province recorded 1,571 residential home sales in May, down 10 per cent year-over-year.

There were 2,600 new listings added across Saskatchewan in May, an increase from the month prior and the highest monthly total recorded so far this year. Inventory also improved, reaching 4,399 units at month-end. However, more than 1,000 of those units were already conditionally sold and expected to leave the market.

When accounting for conditional sales, there are 3,397 available units or 2.2 months of supply heading into June – up from 3,087 last month but nearly 50 per cent below the 10-year average.

“Our economy is growing, our population is growing, and people continue to choose Saskatchewan as a place to live and build their future,” said Chris Guérette, CEO of the Saskatchewan REALTORS® Association. “The challenge is that housing supply is not growing at the same pace.”

“We’re adding listings, but demand continues to absorb them almost as quickly as they come online. That’s why we’re seeing a third consecutive month of record benchmark prices and why housing availability is becoming one of the most important conversations for Saskatchewan’s future.”

The provincial residential benchmark price reached a new record of $381,100 in May, surpassing last month’s record of $374,300.

Seven communities across Saskatchewan established new benchmark price records, while all but one community reported year-over-year price growth. The continued rise in price comes despite inventory improvements, underscoring the extent to which supply shortages continue to shape market conditions across the province.

“The conversation today isn’t simply about home prices,” said Guérette. “When supply remains this far below historical levels month after month, the impacts extend well beyond the housing market. Housing availability affects labour mobility, economic growth and our province’s ability to attract and retain people.

“If Saskatchewan wants to continue growing, we need to make sure there are enough homes for that growth to occur.

Regional Highlights

All six provincial economic regions reported year-over-year sales declines in May. However, Regina-Moose Mountain, Saskatoon-Biggar, and Swift Current-Moose Jaw all saw sales exceed the 10-year average.

Inventory levels improved slightly across nearly all regions in May. Still, all regions except the Northern region reported supply ranging from 45 to 56 per cent below typical levels for this time of year. Consistent with prior months, Saskatoon-Biggar (1.96 months of supply) and Regina-Moose Mountain (2.49 months of supply) continue to report the tightest conditions in the province.

Price Trends

All but one Saskatchewan community reported year-over-year price gains in May, while Melville and Yorkton saw double-digit gains for the month. Notably, seven communities (Humboldt, Martensville, Moose Jaw, Regina, Saskatoon, Warman, and Weyburn) set new benchmark price records in May.  

The City of Melville reported the strongest monthly benchmark price growth for the third straight month, with prices up 11 per cent year-over-year. Other notable gains were seen in Yorkton (10 per cent), Estevan (7 per cent), and Humboldt (6 per cent).

City of Regina

Regina reported 350 sales in May, down 17 per cent year-over-year but still outperforming the 10-year average for the month. Despite the provincial capital struggling to keep pace with record 2025 sales levels, year-to-date sales remain strong and continue to sit well above the 10-year average. 

Despite an 11 per cent year-over-year decline in new listings, Regina’s inventory situation improved slightly from April, with nearly two months of supply (1.4 when accounting for conditional sales) at month’s end. Of the 687 available units, 187 were conditionally sold, leaving 500 active properties heading into June.

Regina set another benchmark price record of $350,200 in May, up from the prior record of $345,700 in April and nearly four per cent higher than May 2025.

City of Saskatoon

Saskatoon recorded 519 sales in May, down four per cent year-over-year but over 10 per cent higher than the 10-year average. 

The province’s largest urban centre continues to report the tightest market conditions in the province, preventing even stronger monthly sales figures in May. Inventory remained unchanged in May, with only 1.6 months of supply at month’s end, 1.1 when accounting for conditional sales. Of the 837 available units, over 250 were conditionally sold, leaving just 560 active units heading into June.

Saskatoon's residential benchmark price hit a record $444,400 in May, up from $433,200 in April and well above the previous high of $435,200.

April 2026 Market Statistics

BACK-TO-BACK MONTHS OF RECORD PRICE INCREASES CONTINUE TO ERODE SASKATCHEWAN’S AFFORDABILITY ADVANTAGE

Saskatchewan’s residential housing market continues to tighten, with persistently low inventory levels driving a second consecutive month of record prices and placing increasing pressure on housing affordability across the province.

Saskatchewan recorded 1,404 residential home sales in April, down four per cent year-over-year but nine per cent above the 10-year average. While sales activity remains resilient, supply continues to be the defining factor shaping market conditions.

There were 2,109 new listings in April, increasing from March, but still more than 20 per cent below typical levels for this time of year. Inventory rose modestly; however, nearly 800 of the 3,847 units are already conditionally sold and expected to leave the market.

When accounting for those conditional sales, just over 3,000 properties remain available across the province, leaving Saskatchewan with only 2.2 months of effective supply heading into May.

“We are no longer seeing temporary pressure, this a structural supply challenge,” said Chris Guérette, CEO of the Saskatchewan REALTORS® Association. “Even as we move further into the spring market, supply is not recovering in the way we would typically expect.”

“New listings are improving month-over-month, but they remain well below normal levels. At the same time, inventory is being absorbed almost as quickly as it comes online. That’s what continues to push prices to record levels.”

This trend builds directly on March conditions, where supply levels were already more than 50 per cent below historical norms, highlighting that tight inventory is not easing but persisting.

Strong sales and ongoing inventory challenges led to another month of widespread price growth, with nearly every Saskatchewan community reporting year-over-year gains. 

Notably, Martensville, Moose Jaw, North Battleford, Regina, Yorkton and Warman all recorded benchmark price records for the second consecutive month.

The provincial residential benchmark price reached a new record of $347,300 in April, nearly five per cent higher than April 2025.

“Affordability is being eroded faster than many people realize,” said Guérette. “We’ve long positioned Saskatchewan as one of the most affordable housing markets in the country, but that advantage depends on supply keeping pace.”

“When supply is down more than 50 per cent compared to historical norms, prices respond quickly. That’s exactly what we are seeing now. This isn’t just about a strong market, it’s about a market where options are limited, competition is increasing, and affordability is being eroded month after month.”

Guérette noted that while other regions across Canada are seeing rising inventory and slower sales, Saskatchewan continues to face a fundamentally different challenge.

“In many markets across the country, inventory is building and sales are slowing down. In Saskatchewan, it’s the opposite. Demand is still there, but supply hasn’t caught up. Until it does, this pressure on prices will remain”.

Regional Highlights

Saskatoon-Biggar and Swift Current-Moose Jaw were the only economic regions to post year-over-year sales gains in April. Those two regions, along with Regina-Moose Mountain and Yorkton-Melville, recorded sales above the 10-year average.

Inventory levels remain constrained across regions, with Regina-Moose Mountain (2.24 months of supply) and Saskatoon-Biggar (1.95 months of supply) continuing to report the tightest conditions in the province. Swift Current-Moose Jaw saw some inventory relief in April, though levels remain nearly 35 percent below the 10-year average – while all other regions sit more than 50 percent below historical norms.

Price Trends

All but one Saskatchewan community reported year-over-year price gains in May, three of which saw double-digit gains. Six communities (Martensville, Moose Jaw, North Battleford, Regina, Yorkton, and Warman) set price records for the second consecutive month.

The City of Melville reported the strongest monthly benchmark price growth for the second straight month, with prices up over 17 percent year-over-year. Other notable gains were seen in Yorkton (15 percent), Swift Current (12 percent), Humboldt (9 percent) and Estevan (9 percent).

City of Regina

Regina reported 347 sales in April, down four percent year-over-year but 16 percent above the 10-year average. While the Queen City struggles to keep pace with record 2025 sales levels, year-to-date sales remain strong and are well above the 10-year average.

An eight percent year-over-year decline in new listings – 12 percent below the 10-year average – compounded Regina's supply challenge. Paired with steady sales, that tightening leaves 1.6 months of supply heading into May, falling to 1.2 months once conditional sales are removed. Of 562 available units, nearly 160 were conditionally sold, leaving just 403 active properties at month’s end. 

Regina recorded another record benchmark price of $345,700 in April, up from 343,700 in March and four percent higher than April 2025. 

 City of Saskatoon

Saskatoon recorded 450 sales in April, up two percent year-over-year and 12 percent above the 10-year average. Despite persistent inventory constraints, year-to-date sales remain eight percent above the 10-year average through the first four months of the year.

Despite a welcome monthly increase in new listings, Saskatoon continues to report the province's tightest market conditions. Inventory remains over 50 percent below historical trends, with only 1.6 months of supply at month’s end, 1.1 when factoring in conditional sales. Of the 714 available units, over 200 were conditionally sold, resulting in 503 active units heading into May.

After reaching a record $435,200 in March, Saskatoon's residential benchmark price dipped slightly to $433,200 in April – over three percent higher than April 2025.