Saskatchewan’s housing market continued to navigate tight supply conditions in February 2026, as sales activity aligned more closely with long-term trends heading into the spring market. The provincial benchmark price reached $363,800, up from $359,500 in January and over 6% higher than February 2025. All Saskatchewan communities reported year-over-year price gains for the second consecutive month, with some areas posting double-digit increases. New listings declined 7% year-over-year and sat 31% below the 10-year average, keeping inventory severely constrained.
Key statistics (February 2026)
| Metric | Value | Month-over-Month | Year-over-Year |
|---|---|---|---|
| Benchmark Price | $363,800 | +1.2% | +6% |
| Total Sales | 825 | N/A | -16% |
| New Listings | N/A | N/A | -7% |
| Active Listings | 3,519 (2,792 available) | N/A | N/A |
| Market Condition | Seller’s Market (tight supply) | N/A | N/A |
Average home prices by city
| City | Benchmark Price | YoY Change | Sales |
|---|---|---|---|
| Saskatoon | $421,600 | +5% | 271 |
| Regina | $336,400 | +7% | 198 |
Market conditions
Saskatchewan has shifted to a seller’s market as of February 2026, driven by persistent supply constraints. Five of the province’s six economic regions are operating with inventory levels more than 45% below their respective 10-year averages. Of the 3,519 units listed at month’s end, over 700 were conditionally sold and expected to leave the market, leaving only 2,792 available properties heading into March.
New listings fell 7% year-over-year and sat 31% below the 10-year average — the continued decline in new supply has provided little relief to inventory levels despite typical seasonal shifts. The benchmark price of $363,800 continues to rise as demand outpaces the limited available supply.
Regional analysis
Saskatoon leads Saskatchewan with a benchmark price of $421,600, up 5% year-over-year on 271 sales. As the province’s largest city and commercial hub, Saskatoon reports the tightest market conditions in Saskatchewan. Of 614 listed units, 164 were conditionally sold, leaving only 450 active listings. Despite the 16% year-over-year sales decline, the drop largely reflects constrained supply rather than weakening demand.
Regina posted a benchmark of $336,400, up 7% year-over-year on 198 sales. As the provincial capital, Regina offers stable government employment and a strong public-sector workforce. Only 347 of 494 listed units were available, with 150 conditionally sold. New listings declined 14% year-over-year.
Both cities face severely constrained inventory, with the Regina-Moose Mountain and Saskatoon-Biggar economic regions reporting the province’s tightest conditions.
Regional price highlights
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
- Persistent supply constraints — New listings are 31% below the 10-year average, and five of six economic regions have inventory 45%+ below historical norms. This is the dominant factor shaping Saskatchewan’s market.
- Universal price gains — All Saskatchewan communities reported year-over-year price gains for the second consecutive month, with three posting double-digit increases.
- Sales reflect supply, not demand — The 16% year-over-year sales decline is largely attributable to constrained inventory rather than weakening demand. Regions with modest supply improvements reported the strongest sales activity.
- Affordability advantage — At a benchmark of $363,800, Saskatchewan remains one of the most affordable provinces in Canada, drawing interprovincial migration from higher-cost markets.
- Spring outlook depends on supply — Whether new listings respond to sustained demand will determine if a healthier supply-demand balance emerges in 2026.
Housing affordability
Saskatchewan is one of Canada’s most affordable provinces, with a benchmark price of $363,800. To purchase a home at this price with a 20% down payment, a household would need an estimated annual income of approximately $90,000.
Regina is especially accessible with a benchmark of $336,400 (requiring roughly $85,000), while Saskatoon at $421,600 needs approximately $102,000. 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) — National MLS® Statistics