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A new report from the Saskatchewan Realtors Association took a look at some of the latest statistics coming out of the housing market, seeing some tightening conditions in multiple areas.
For Regina, 402 sales were reported in June, up over six percent year-over-year and nearly 17 percent above the 10-year average.
568 new listings were put up in the area, up eight percent year-over-year, contributing to a modest inventory increase from May. With the 818 units available at month’s end, 207 have been conditionally sold and are exiting the market, leaving Regina with only 611 active units heading into July.
Tight market conditions drove record prices in the city, with June hitting a benchmark price of $343,200, also up eight percent compared to June 2024. That sped past the previous high of $340,800 in May.
Other areas that saw a tightening in the housing market, including Prince Albert, Saskatoon-Biggar, and Yorkton-Melville, with sales increasing in those locales.
The Canada Mortgage and Housing Corporation’s mid-year rental market update is also out, with Chris Guerette, CEO of the Saskatchewan Realtors Association, saying that notable Saskatchewan figures show that the rental market is tight with a high absorption of new supply, in a social media post. This is unlike bigger cities, where higher numbers of new units helped to soften the market.
Regina led rent growth nationally, with Saskatoon also ranking near the top despite larger national markets adding supply. She says while affordability has been eroded, the province is still competing extremely well