Saskatchewan’s housing market kicked off 2025 on a high note, with 782 home sales recorded in January—marking a 1% year-over-year increase and exceeding the 10-year average by over 17%. This continues an impressive 19-month streak of above-average sales, dating back to June 2023.
However, new listings saw a 2% year-over-year decline and remain nearly 28% below long-term averages, exacerbating the province’s inventory shortage. At the end of January, active inventory levels were down 19% from the previous year and stood at 44% below the 10-year norm, with over 700 of the 3,925 available units already conditionally sold.
The tightening market has placed upward pressure on home prices, with Saskatchewan’s residential benchmark price reaching $342,600 in January—up from $337,800 in December and nearly 7% higher than January 2024.
Regional highlights show strong demand persisting across the province, with the Saskatoon-Biggar and Regina-Moose Mountain regions leading the trend. In Saskatoon, home sales increased by over 3% year-over-year, with a benchmark price of $403,400—7% higher than the previous year. Regina saw a slight decline in sales but remains well above long-term trends, with a benchmark price of $316,300.
Market uncertainty looms due to potential economic factors such as tariffs and Bank of Canada policies. However, demand remains robust, and Saskatchewan’s real estate sector continues to outperform expectations.
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