Saskatchewan market stands firm as sales stay above historical norms

As housing markets in several major Canadian centres wrestle with slowdowns, Saskatchewan is heading into 2026 with a different story, marked by steady sales, tight supply and prices that, despite strong demand, remain comparatively affordable.

Sales stay above average

The province recorded 712 home sales in January, extending Saskatchewan’s streak of above-average monthly sales to 31 consecutive months. Inventory remained nearly 50 per cent below the 10-year average, with demand continuing to outpace supply across much of the province.

“When you look across the country, many of the headlines are focused on corrections and slowdowns in major markets like Toronto and Vancouver,” said Saskatchewan Realtors Association (SRA) 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.”

New listings declined four per cent from a year earlier and remained 27 per cent below historical averages, leaving supply levels largely unchanged from January 2025. Of the 3,508 active listings at month’s end, nearly 700 had already accepted conditional offers, leaving 2,855 available properties heading into February.

Prices rise, affordability holds

Saskatchewan’s residential benchmark price reached $359,500 in January, up slightly from December and nearly six per cent higher than a year earlier. Price growth was reported across all Saskatchewan communities.

“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.”

Regina and Saskatoon

In Regina, January sales totalled 172, up one per cent from a year earlier and nearly 15 per cent above the 10-year average, while inventory remained about 50 per cent below long-term norms. Saskatoon reported 237 sales, down six per cent year over year but still seven per cent above the long-term average, as benchmark prices in both cities continued to rise.