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Moose Jaw remains one of the most competitive housing markets in Saskatchewan, according to the latest data from the Saskatchewan Realtors Association (SRA) — but the region’s real estate strength could be undermined without new inventory.
In its June 2025 report, the association found that Moose Jaw’s benchmark price hit $282,600, up 15.7 per cent year-over-year — the highest increase of any area tracked in the province.
“That’s significant,” said Chris Guérette, CEO of the SRA.
“Moose Jaw had the highest percentage increase of year-over-year benchmark price — 15.7 per cent — the highest of any area we track.”
Sales and listings were both down year-over-year, with 58 homes sold (a 12 per cent drop) and 76 new listings (down 12 per cent). But demand has continued to outpace supply, driving up prices and tightening the market.
Put simply, more people want to buy homes than there are homes available to buy, especially in smaller cities like Moose Jaw where prices tend to stay lower compared to large, dense urban centres like Toronto and Vancouver.
Moose Jaw’s market now sits at 2.29 months of supply, with just 133 active listings at the end of June — a drop of more than 14 per cent compared to 2024. That imbalance continues to drive prices higher, and Moose Jaw could eventually lose its edge.
“The markets that tend to be considered more affordable are the ones that are able to weather the economic and political challenges a little bit better than others,” Guérette said.
“We’ve had 24 months of above-average sales in the province — and Moose Jaw is absolutely part of that pattern.”
Guérette said Saskatchewan still holds a national advantage in affordability, but that advantage could vanish if inventory doesn’t rise to meet demand.
“We need to pay close attention to inventory. If our prices continue to rise because our inventory can’t keep up with demand, then we’re going to erode that competitive edge,” she said.
“It’s a competitive edge that means more people can buy homes here — the latest numbers on this were in the 2021 census, we were almost tied at 3rd place for home ownership rates. Over 70 per cent of individuals here can have a home.”
With interest rates beginning to ease and interprovincial migration expected to continue, Guérette said communities like Moose Jaw may see continued price pressure heading into the fall.
“It’s encouraging, but we’ve got to be proactive,” she said. “We don’t want to lose the very thing that makes this market attractive.”
The full market report is available at saskatchewanrealtorsassociation.ca.
