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Saskatchewan’s housing market continued to buck national trends in January, with sales above long-term averages, and supply well below historic norms, according to the Saskatchewan Realtors Association (SRA).
The SRA said in a news release this week that Saskatchewan’s numbers were in contrast to slowing conditions reported in several major Canadian centres.
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“When you look across the country, many of the headlines are focused on corrections and slowdowns in major markets like Toronto and Vancouver,” said CEO Chris Guérette.
“Saskatchewan’s story is different. Our markets remain tight, but affordability continues to be our strongest advantage as we head into 2026.”
The province reported 712 home sales in January, extending the province’s streak of above-average sales to 31 consecutive months while inventory remains nearly 50 per cent below the 10-year average, the SRA said.
Nearly 700 of the 3,508 active units at month’s end were conditionally sold, leaving 2,855 available properties across the province heading into February.
The province’s residential benchmark price stood at $359,500 in January, up from $359,000 in December and nearly six per cent higher than the $340,400 reported in January 2025.
The SRA said the price growth across every Saskatchewan community highlights the continued balance between affordability and demand.
“Saskatchewan continues to offer something that is increasingly rare in Canada,” Guérette said.
“While it’s still early in the year and market conditions will continue to evolve, the combination of steady demand, tight supply and relative affordability across the provinces points to a positive outlook for 2026.”
All six of the province’s economic regions reported year-over-year sales declines in January. Despite the yearly decline, the Regina-Moose Mountain, Saskatoon-Biggar, and Swift Current-Moose Jaw regions reported sales above the 10-year historical average.
While the Regina-Moose Mountain and Saskatoon-Biggar regions continue to report the province’s tightest market conditions, the association said that supply levels are down considerably across the province, with Prince Albert, Regina Moose-Mountain, Saskatoon-Bigger, Swift Current-Moose Jaw, and Yorkton-Melville regions all reporting inventory levels near 50 per cent below the 10-year average.
Supply constraints driving price growth
The SRA said above-average sales and ongoing supply constraints driving price growth across the province. All Saskatchewan communities reported year-over-year price gains in January, with four posting double-digit gains.
The City of Melville again reported the strongest monthly benchmark price growth, with prices up 15 per cent year-over-year. Other notable gains included Yorkton (13 per cent), Humboldt (11 per cent), and Swift Current (11 per cent).
Regina reported 172 sales in January, up one per cent year-over-year and nearly 15 per cent above the 10-year historical average. Supply levels continue to sit 50 per cent below long-term averages. Of the 496 available units at month’s end, 134 were conditionally sold.
Regina’s residential benchmark price was $330,600 in January, down slightly from $330,900 in December but six per cent higher than January 2025.
Saskatoon reported 237 sales in January, a six per cent year-over-year decline. However, January sales figures were seven per cent above the 10-year average.
Declining new listings were again met with above-average sales, as Saskatchewan’s largest market continues to report the tightest conditions in the province. Of the 635 available units at the end of the month, 187 were conditionally sold.
Saskatoon reported a benchmark price of $417,800 in January, up from $417,700 in December and four per cent higher than January 2025.
conditions reported in several major Canadian centres.
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