Saskatchewan’s housing market continued climbing into July 2026, with the provincial MLS HPI composite benchmark reaching $375,400, up 3.7% year-over-year. The most recent full sales breakdown (February 2026) showed the market navigating tight supply conditions, with the benchmark at $363,800 at the time (up from $359,500 in January and over 6% higher than February 2025). All Saskatchewan communities reported year-over-year price gains for that report, with some areas posting double-digit increases. New listings had declined 7% year-over-year and sat 31% below the 10-year average, keeping inventory severely constrained.
Key statistics (July 2026 benchmark, February 2026 full estimate)
| Metric | Value | Year-over-Year |
|---|---|---|
| MLS HPI Composite Benchmark (July 2026) | $375,400 | +3.7% |
| Single-Family Benchmark (July 2026) | $405,400 | +4.0% |
| Townhouse Benchmark (July 2026) | $332,100 | +2.3% |
| Apartment Benchmark (July 2026) | $247,900 | +3.9% |
| Benchmark Price (Feb 2026 est.) | $363,800 | +6% |
| Total Sales (Feb 2026 est.) | 825 | -16% |
| Active Listings (Feb 2026 est.) | 3,519 (2,792 available) | N/A |
| Market Condition | Seller’s Market (tight supply) | N/A |
Average home prices by city (July 2026 benchmark)
| City | Benchmark Price | YoY Change |
|---|---|---|
| Saskatoon | $438,600 | +3.7% |
| Regina | $343,500 | +3.0% |
Market conditions
Saskatchewan’s benchmark price has continued rising into July 2026, up 3.7% year-over-year, led by single-family homes (+4.0%). The most recent full breakdown (February 2026) showed the market in seller’s territory, driven by persistent supply constraints – five of the province’s six economic regions were operating with inventory levels more than 45% below their respective 10-year averages at the time. Of the 3,519 units listed that month, over 700 were conditionally sold and expected to leave the market, leaving only 2,792 available properties.
New listings had fallen 7% year-over-year and sat 31% below the 10-year average as of February – the continued decline in new supply provided little relief to inventory levels despite typical seasonal shifts.
Regional analysis
Saskatoon leads Saskatchewan with a July 2026 benchmark price of $438,600, up 3.7% year-over-year. As the province’s largest city and commercial hub, Saskatoon has consistently reported the tightest market conditions in Saskatchewan; as of the most recent full breakdown (February 2026), only 450 of 614 listed units were active after 164 were conditionally sold.
Regina posted a July 2026 benchmark of $343,500, up 3.0% year-over-year. As the provincial capital, Regina offers stable government employment and a strong public-sector workforce. As of February 2026, only 347 of 494 listed units were available, with 150 conditionally sold.
Both cities have faced severely constrained inventory, with the Regina-Moose Mountain and Saskatoon-Biggar economic regions reporting the province’s tightest conditions.
Regional price highlights (February 2026 estimate)
The City of Estevan reported the strongest benchmark price growth at 13% year-over-year. Other notable gains: Melville (+11%), Humboldt (+10%), and Moose Jaw (+9%). Smaller communities including Prince Albert, Moose Jaw, and Swift Current contribute to the provincial totals.
Key trends
- Benchmark still climbing – The provincial MLS HPI composite benchmark is up 3.7% year-over-year as of July 2026, with single-family homes leading at +4.0%.
- Persistent supply constraints (as of Feb 2026) – New listings were 31% below the 10-year average, and five of six economic regions had inventory 45%+ below historical norms.
- Universal price gains – All Saskatchewan communities reported year-over-year price gains in the most recent full breakdown, with three posting double-digit increases.
- Affordability advantage – At a composite benchmark of $375,400, Saskatchewan remains one of the most affordable provinces in Canada, drawing interprovincial migration from higher-cost markets.
Housing affordability
Saskatchewan is one of Canada’s most affordable provinces, with a composite MLS HPI benchmark of $375,400 as of July 2026. To purchase a home at this price with a 20% down payment, a household would need an estimated annual income of approximately $92,700.
Regina is especially accessible with a benchmark of $343,500 (requiring roughly $86,100), while Saskatoon at $438,600 needs approximately $107,000. Both figures are within reach for many dual-income Saskatchewan households.
Use our mortgage affordability calculator to determine how much home you can afford, or our income to afford home calculator to estimate the salary needed at Saskatchewan price levels.
Useful calculators
- Mortgage Calculator
- Mortgage Affordability Calculator
- Income to Afford Home Calculator
- Land Transfer Tax Calculator
- Closing Costs Calculator
- Mortgage Rates
- First-Time Home Buyer Guide
Saskatchewan city housing reports
- Saskatoon Housing Market — Saskatoon prices, sales, and market conditions
- Regina Housing Market — Regina market data and trends
- Canada Housing Market Overview — National trends and provincial comparisons
Buying a home in Saskatchewan: practical guide
Closing costs:
- Land Transfer Tax: None (only a title registration fee of ~$500–$1,000)
- Lawyer fees: $1,200–$2,000
- Home inspection: $350–$500
- Title insurance: $200–$350
- PST on CMHC insurance: Saskatchewan charges PST (6%) on CMHC mortgage insurance premiums (unlike most provinces) — factor this into your budget
PST note: Saskatchewan applies 6% PST to CMHC mortgage insurance premiums. On a $380,000 purchase with 5% down, CMHC premium is ~$14,440; PST adds ~$867 at closing.
First-time buyer programs in Saskatchewan:
- Federal FHSA and RRSP HBP apply
- Saskatchewan does not currently offer a separate provincial first-time buyer grant
Saskatchewan housing market outlook
2026 outlook: Saskatoon and Regina have both seen improved market conditions in 2023–2025 after years of elevated vacancy and flat prices. Interprovincial migration, potash sector expansion, and relative affordability vs BC and Ontario have driven renewed demand. Saskatoon outperforms Regina on price growth, driven by University of Saskatchewan proximity and tech sector growth.
Rural Saskatchewan: Agricultural land and small town homes remain very affordable ($50,000–$200,000 in many communities). Buyers should factor in distance to services, propane heating costs, and well/septic maintenance.
Frequently asked questions
Is Saskatchewan a good place to invest in real estate? Saskatchewan offers low entry prices, no land transfer tax, and an improving economic base. Long-term appreciation has been slower than coastal markets, but strong cash flow potential (affordable prices, reasonable rents) makes Saskatchewan attractive for income-focused investors. Recent interprovincial migration trends have tightened Saskatoon and Regina markets.
What is the difference between buying in Saskatoon vs Regina? Saskatoon prices run $60,000–$80,000 higher than Regina. Saskatoon has stronger employment diversification (university, health, tech) and has outperformed on price growth. Regina is the provincial capital with government and agriculture sector employment. Both offer excellent affordability compared to national benchmarks.
Data Sources
The housing market data in this report is sourced from:
- Saskatchewan REALTORS® Association (SRA) via CREA — February 2026 MLS® Statistics
- Canadian Real Estate Association (CREA) — MLS® HPI Tool, July 2026
- Data period: July 1-31, 2026 (HPI benchmark); February 2026 (full estimate)