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."
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.
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