Saskatchewan Housing Market Hits Record Highs

by Joanna Gerber

June 2025 saw strong sales, surging prices, and intensifying inventory pressure across Saskatchewan.

Sales

Saskatchewan’s residential real estate market continued its streak of strong performance in June 2025, with sales volumes and prices hitting new milestones. According to the Saskatchewan Realtors Association, the province recorded an increase of 5.9% compared to the same month last year. This marks the third-highest June on record and pushes activity nearly 15% above the province’s ten-year average for the month.

June’s sales capped off a strong first half of the year, with 2025 so far tracking in line with 2024, which was one of the strongest years on record for sales in the province. Notably, several regions reported gains well above long-term trends, including Prince Albert, Regina-Moose Mountain, Saskatoon-Biggar, and Yorkton-Melville.

Inventory and Supply

While the number of new listings rose by 8% year-over-year in June, inventory levels still remained tight. As of month’s end, there were 5,215 total units on the market, with 1,100 already under conditional sale. This is over 40% less than the 10-year average.

The lack of supply has pushed months of inventory to just 2.95, for a 14.1% year-over-year drop and more than 50% below the decade norm.

Benchmark Prices Reach New Highs

Saskatchewan’s benchmark home price surged to an all-time high of $370,700 in June. This represents an 8.0% increase from the same month last year and a modest rise from May’s figure of $369,500.

Several communities set new price records for the second month in a row, including Regina ($343,200), Moose Jaw, Swift Current, Warman, Martensville, Melville, and Humboldt. Moose Jaw led the province in year-over-year price growth at nearly 16%, followed by Humboldt (15%), Melville (11%), Meadow Lake (10%), and Prince Albert (9%).

Line graph comparing June benchmark home prices from 2014 to 2024 in Regina and Saskatchewan, with Saskatchewan prices consistently higher and more variable than Regina's.

Source: SRA

Saskatoon, the province’s most expensive market, posted a benchmark price of $432,700. Although down slightly from May, this figure still reflects a 7.2% annual increase, contributing to the province-wide uptrend. Regina’s 7.9% year-over-year price gain marks a sharp turnaround from the modest fluctuations seen between 2020 and 2024.

Rental Market

According to the July 2025 Rentals.ca Rent Report, the average rent in Saskatchewan rose 4% year-over-year to $1,396 in June, with two-bedroom units climbing 6% to an average of $1,514. Although Saskatchewan remains well below the national average and significantly under provinces like British Columbia and Ontario, rents have not followed the downward trend seen in many other regions.

Saskatoon and Regina both saw moderate rent growth, with Saskatoon reporting a 6% increase overall, driven largely by a 9% rise in two-bedroom rents. Regina’s average rent climbed 2%, despite a slight drop in one-bedroom prices.