Saskatchewan Real Estate Trends: Why Home Prices Are Surging in 2025

Saskatchewan’s housing market is defying national trends—with prices rising faster than expected and inventory shortages worsening. According to the latest SRA report, the residential benchmark price jumped to $353,600 in March (up 6% year-over-year), with some cities seeing double-digit increases.

So, what’s driving this surge? Let’s break it down:

1. Demand Outpaces Supply (By a Lot)

📉 New listings are down 2% YoY
🏘️ Active inventory is 21% lower than last March
🔥 Regina and Saskatoon have less than 1.5 months of supply

When demand is high and supply is scarce, prices climb—fast.

2. Hotspots with Biggest Price Growth

Some Saskatchewan cities are seeing explosive appreciation:
📍 Melfort: +22% (leading the province for 2nd straight month)
📍 Prince Albert: +11.7%
📍 North Battleford: +11.5%
📍 Moose Jaw: +10.7%

3. Regina & Saskatoon Hit Record Highs

🏙️ Regina: Benchmark price hit $326,300 (up 4% YoY)
🏙️ Saskatoon: Shattered records at $415,900 (up $25K+ from 2024)

4. Why This Isn’t a Bubble

Unlike overheated markets, Saskatchewan’s growth is fueled by:
✅ Strong local economy (resilient despite national headwinds)
✅ Migration trends (more buyers moving from expensive provinces)
✅ Historically affordable housing (still below national averages)

5. What This Means for Buyers & Sellers

🔹 Sellers: Now is a prime time to list—but price strategically to attract multiple offers.
🔹 Buyers: Be ready to act fast—delaying could mean higher prices later.

The Takeaway

With no signs of slowing down, Saskatchewan’s market is poised for a strong spring. Whether you’re buying or selling, understanding these trends is key to making smart moves. Want to chat more? Call us at 306-695-HOME