Saskatchewan Real Estate 2025: Market Challenges and Opportunities for Buyers, Sellers & Investors (Updated Monthly)
- Startritehomes.com
- Jul 21
- 4 min read
Updated: Sep 4
Last updated: September 4, 2025
The Saskatchewan housing market in 2025 continues to perform above expectations. While national housing markets in Ontario and British Columbia are slowing under high borrowing costs, Saskatchewan real estate 2025 is marked by steady sales, record prices in key cities, and exceptionally tight inventory. This combination creates both challenges (affordability, qualification, and supply shortages) and opportunities (equity gains for sellers, stable rental demand for investors).
Whether you are exploring the Regina housing market, evaluating Saskatoon real estate trends, or considering smaller centres such as Moose Jaw and Yorkton, this report provides updated insights each month.
Saskatchewan Real Estate Market Overview
At-a-glance (latest verified data):
Sales activity: 1,768 homes sold in June 2025 — about 15% above the 10-year average, making it one of the strongest Junes on record.
Provincial benchmark price: $370,700 in June (record high), then $372,700 in July — setting back-to-back monthly records.
Inventory: ~4,144 active listings at the end of June — more than 40% below the 10-year average.
These numbers highlight the defining features of the Saskatchewan housing market outlook for 2025: steady demand, record prices, and persistent supply shortages.
Affordability: Tightening, Yet Still a Provincial Advantage
Benchmark home prices in Saskatchewan rose sharply in summer 2025, led by Regina and Saskatoon. While affordability here remains stronger than in Ontario and BC, many households are feeling the effects of higher borrowing costs. Wages have not kept pace with benchmark growth in larger cities, making affordability a growing concern for first-time homebuyers in Saskatchewan.
Quick takeaways:
Provincial benchmarks hit $370,700 in June → $372,700 in July.
Regina housing market: ~$343,200 (June 2025, record high).
Saskatoon real estate trends: ~$432,700 (June 2025, record high).
Saskatchewan remains more affordable than ON/BC but is tightening relative to local incomes.
Pro Tip: Budget using today’s mortgage stress test rate (~6%), not the advertised 4% contract rate. This ensures you shop within a realistic price range.
Inventory: Low Supply Keeps the Seller’s Edge
Inventory in the Saskatchewan housing market remains extremely tight. Active listings in June were 40% below the 10-year average, a pattern seen consistently since 2022. In both Regina and Saskatoon, the number of listings cannot keep up with sales activity, leaving buyers competing for fewer properties.
Quick takeaways:
~4,144 active listings in June 2025.
Inventory remains ~40% under the 10-year average.
Strongest demand sits in the $350,000–$500,000 price range.
Pro Tips:
Buyers: Be “offer-ready” with ID, down payment proof, and full pre-approval.
Sellers: List photo-ready homes near common approval bands ($350k–$500k) to maximize exposure to pre-approved buyers.
City Prices: Regina & Saskatoon Lead, Secondary Centres Offer Entry Points
Price growth in the Regina housing market and Saskatoon real estate trends continues to set provincial records. Yet for buyers and investors priced out of these centres, secondary cities such as Moose Jaw, Prince Albert, Yorkton, and Swift Current provide more attainable options with steady rental demand.
Quick takeaways:
Regina benchmark (June 2025): ~$343,200 (record high).
Saskatoon benchmark (June 2025): ~$432,700 (record high, still elevated year-over-year).
Moose Jaw, Yorkton, Prince Albert, Swift Current: Lower entry costs, stable rental interest.
Pro Tip: Smaller markets can offer better cash flow for investors, but confirm vacancy rates, amenities, and property management costs before committing.
Mortgage Rates & the Stress Test: Qualification is the Real Hurdle
While advertised insured fixed and variable mortgage rates have eased from their 2023 peaks, the mortgage stress test in Canada remains the key obstacle for buyers. Lenders must test affordability at either 5.25% or contract + 2%. In practice, that means qualifying at rates above 6% even when contract rates are near 4%.
Quick takeaways:
Best insured 5-year fixed: ~4.0–4.2% (September 2025).
Best 5-year variable: ~3.9–4.1%.
Buyers must qualify at MQR ~6%+, reducing max budgets.
Saskatchewan’s lower home prices help some pass where ON/BC buyers cannot.
Pro Tip: Secure a fully underwritten pre-approval (not just a rate hold). Compare banks, credit unions, and brokers — regional lenders in Saskatchewan often offer competitive promos not seen nationally.
Economic & Population Flows: Supportive for Demand
Saskatchewan’s steady economy, diverse job base, and in-migration from higher-cost provinces continue to support housing demand. In 2024 alone, Saskatchewan’s population grew by more than 22,000, with newcomers drawn by affordability and employment opportunities in agriculture, energy, and services. The Saskatchewan real estate 2025 market remains underpinned by these fundamentals.
Quick takeaways:
Sales have stayed above average for months leading into mid-2025.
Multiple cities, including Regina and Saskatoon, set new benchmark price records.
Rental demand remains strong near universities and employment hubs.
Pro Tip: Investors should underwrite conservatively — assuming higher expenses and moderate rent growth — to protect cash flow.
Regional Snapshot
Regina housing market: Benchmarks around $343,200 (June 2025). Tight supply and family demand drive fast sales.
Saskatoon real estate trends: Benchmarks above $430,000 (June 2025). Strong demand near campus and employment centres.
Moose Jaw / Prince Albert / Yorkton / Swift Current: Entry-level pricing, balanced demand, and stable rental markets — with slower resale liquidity than larger centres.
Summary for Buyers, Sellers, and Investors
Buyers in the Saskatchewan real estate 2025 market face record benchmark prices in Regina and Saskatoon, yet affordability here remains better than in Ontario or BC. The mortgage stress test remains the main challenge, reducing buying power for many first-time homeowners.
Sellers benefit from one of the tightest housing markets in Canada, with inventory more than 40% below the 10-year average. Homes priced in the $350,000–$500,000 range remain the most attractive to qualified buyers, though success still depends on realistic pricing and strong preparation.
Investors continue to see Saskatchewan as one of Canada’s more stable long-term opportunities. Population growth, job creation, and migration trends keep rental demand strong. Still, positive cash flow requires careful underwriting, realistic expense planning, and a focus on both major cities and secondary markets.
The Saskatchewan housing market outlook for 2025 remains a mix of challenges and opportunities. Buyers must navigate affordability and qualification hurdles, sellers enjoy strong leverage in a low-inventory environment, and investors can still find returns in both Regina and Saskatoon as well as smaller cities.
Backed by insights from the Saskatchewan REALTORS® Association, RBC Economics, and CMHC, the province’s market shows resilience and growth potential. Saskatchewan real estate in 2025 remains fundamentally stronger than many expected in a high-rate environment, offering stability for those who plan carefully and act strategically.
Related links:
Comments