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The price for a standard home in Saskatchewan is hitting a record high this spring.
According to the Saskatchewan Realtors Association, the province is seeing persistently low inventory — sitting “well below historical norms” — with levels about half as high as are typical for this time of year.
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The province’s residential benchmark price, which is the price for a standard home with standard features, hit a new high of $374,100 in March — $13,000 higher than in February and six per cent higher than March of 2025.
“This is where supply constraints start to have real impact,” said Chris Guérette, CEO of the association, in a news release.
“We are seeing record prices not because demand is accelerating, but because there simply are not enough homes available. Saskatchewan has long been one of the most affordable places to buy a home in Canada, but that advantage is being tested in real time.”
Guérette said plenty of demand exists in Saskatchewan, but the supply of homes hasn’t kept up, leading to price growth. She said supply challenges are also putting pressure on buyers, particularly first-time home buyers.
The association said the Regina-Moose Mountain and Saskatoon-Biggar areas still have the tightest market conditions in the province, with inventory levels in the Regina-Moose Mountain area sitting 64 per cent below the 10-year average.
For the City of Regina, the association reported sales were up five per cent year-over-year in March, while new listings declined by four per cent on a year-over-year basis. According to the association, Regina’s residential benchmark price was sitting at $343,700 in March, up from $336,400 in February.
In Saskatoon, sales were down four per cent year-over-year. The association said the number of new listings improved but the total was still well below the 10-year average. Saskatoon’s residential benchmark price jumped from $421,600 in February to $435,200 in March, the association said.
