Saskatchewan’s housing market stayed hot through September, marking the second-strongest September on record with 1,528 homes sold across the province. That’s a 10% increase year-over-year and a remarkable 26% above the 10-year average — extending Saskatchewan’s streak to 27 consecutive months of above-average sales.

While new listings increased slightly (up 5% from last year), they remain 9% below long-term averages. Combined with near-record sales, that has pushed inventory down another 14% year-over-year and left the province sitting at more than 40% below historical levels.

Of the 4,896 active listings in September, nearly 950 were already conditionally sold, leaving just under 4,000 homes available heading into October — a clear sign of continued buyer demand and a highly competitive market.

Saskatoon Market Snapshot

Saskatoon recorded 426 home sales in September, down just 1% year-over-year but still 20% above its 10-year average.

The city saw 726 new listings, up 11% from last year, helping to add some inventory — but demand continues to keep supply tight. By the end of September, 250 of the 942 active listings were conditionally sold, leaving 678 available homes heading into October.

Saskatoon’s benchmark price settled at $431,400, a slight dip from August’s record high of $435,900. Even so, prices remain 7% higher than September 2024, showing the market’s underlying strength.

Price Trends Stay Strong

The province’s benchmark home price settled at $368,300 in September — a slight, seasonal dip from August, but still 7% higher than last year. Strong sales and limited supply continue to fuel price growth in markets large and small.

Guérette added, “Sales volumes continue to outpace 2024 levels — our second-strongest year on record — and we’re sitting 20% above the 10-year average through the first three quarters of 2025. Even as sales ease seasonally, demand remains exceptionally strong heading into year-end.”

Regina Market Snapshot

Regina had a standout month with 375 home sales in September — an 18% jump year-over-year and a massive 37% above the 10-year average, marking the strongest September on record for the city.

Even with 469 new listings (up 16% year-over-year), fast-paced sales meant no real relief in supply. Of the 780 active listings, more than 200 were conditionally sold by month’s end, leaving 577 homes available as October began.

The city’s benchmark price was $337,000 in September — slightly down from August’s $341,300, following normal seasonal patterns — but still 5% higher than this time last year.

What This Means for You

Whether you’re thinking about buying or selling, Saskatchewan’s market is still buzzing with activity and opportunity. Low inventory and steady price growth mean it’s a great time to list your home — and for buyers, being prepared and working with a local real estate expert can help you stay competitive.

If you’re ready to make your next move, let’s chat about your goals and find the right strategy for today’s market.

September in Saskatoon came in strong, and it looks like October won’t be any different—for both real estate and fun. The housing market here is still buzzing: homes are moving quickly, and inventory is tight. Buyers need to stay on their toes, and sellers still hold quite a bit of leverage. But while your clients might be browsing listings, there’s a whole city full of things going on as fall sets in.

Now that sweater weather is here, the city’s alive in a different way. Think crisp walks along the river trails, leaf-peeping in Varsity View or Nutana, and cozying up with a latte at one of our many cool cafés. But the real magic comes from seasonal events—so here’s a taste of what October has in store in Saskatoon:

• Pumpkin After Dark (October 11–31) — An evening time experience at Prairieland Park with more than 10,000 hand-carved pumpkins, light displays, music, and special effects. Great for families or anyone who loves an Instagram moment. Discover Saskatoon

• Oktoberfest (October 3 & 4) — You can catch this at Prairieland, with all the usual fest vibes: food, music, community, and fun. Prairieland - Where Communities Gather

• Halloween & Spooky Fun — The Berry Barn’s Haunted House opens around October 11. Also, local pumpkin patches like Dutch Growers’ Pumpkin Maze run until October 31 so there’s plenty of cozy fall-farmtime fun to go around. Family Fun Canada+1

• Saskatoon Blades Hockey — Catch a game at SaskTel Centre in October; they have several home games lined up against teams like the Red Deer Rebels, Vancouver Giants, Moose Jaw Warriors, and Edmonton Oil Kings. SaskTel Centre

• Concerts & Shows — October is busy at SaskTel Centre: Flo Rida performs on October 3, Sarah McLachlan is on October 25, and there are others too. SaskTel Centre

• Skate Canada International (October 31 – November 2) — Ice skating fans can look forward to this grand international event right here in Saskatoon at the SaskTel Centre. Wikipedia

• From Dusk ’til Dawn: A Carnival Affair (October 4) — Hosted by Saskatoon Farm, this event blends theatrical fashion, roaming performers, photo ops, games, and an atmospheric evening that’s a little mysterious, a little whimsical. Saskatoon Farm

So whether someone’s shopping houses or just soaking up the season, Saskatoon’s October delivers. It’s a great time to highlight not only the strength of your real estate market but also the lifestyle perks that make living here so appealing.

City of Saskatoon

Saskatoon reported 451 sales throughout the month, down one percent year-over-year but still well above the 10-year historical average.

 New listings fell 10 percent year-over-year, with 650 properties added to the market in August. Despite declining new listings and above-average sales, inventory levels were consistent with the month prior. Nearly one-third of the 910 active listings at the end of August were conditionally sold, leaving just 643 units available heading into September.

 The Bridge City continues to set new price records, with a residential benchmark price of $435,900 in August – up from $432,700 in July and eight percent higher than August 2024.

Building on a record-breaking July, Saskatchewan’s housing market continued to buck national trends in August, marking 26 consecutive months of above-average sales. With 1,559 transactions reported across the province – up nearly 4% year-over-year and 15% above the 10-year average – Saskatchewan has wrapped up an exceptionally active summer, outpacing many other provinces.

 Despite new listings declining by 5 percent year-over-year, provincial inventory levels remained nearly unchanged in August. Over 1,000 of the 5,168 active units available at month’s end were conditionally sold and expected to leave the market, resulting in 4,137 available units heading into September.

 “Saskatchewan’s housing market delivered another strong performance in August – not quite matching the record-breaking numbers from July, but clearly maintaining its momentum,” said Association CEO, Chris Guérette. “Year-to-date sales continue to surpass the near-record levels we saw in 2024, and I expect to close our third quarter statistics next month with the same intensity in sales and shortage of inventory.”

 The provincial residential benchmark price reached $372,200 in August, a slight dip from July’s record high of $372,700. While this modest month-over-month decline aligns with typical seasonal trends, the benchmark price was eight percent higher than in August 2024, highlighting sustained year-over-year price growth in Saskatchewan’s housing market.

 “Once again, Saskatchewan’s market is outperforming expectations, with another month of strong sales and notable price growth,” said Guérette. “While we anticipate some seasonal slowing in transaction volumes over the coming months, underlying demand remains strong across the province – and we expect that momentum to carry through the remainder of 2025.”

 Regional Highlights 

The Prince Albert, Saskatoon-Biggar, Swift Current-Moose Jaw and Northern economic regions all reported year-over-year sales gains in August, with sales levels well above long-term, 10-year averages.

 Regina-Moose Mountain (2.9 months of supply) and Saskatoon-Biggar (2.4) continue to experience the province's tightest market conditions. Notably, five of the six provincial economic regions are reporting inventory levels at least 40 percent below 10-year averages.

 Price Trends

All Saskatchewan communities reported year-over-year price gains for the fourth consecutive month, while the City of Saskatoon set a new benchmark price record at $435,900.

 Seven communities reported double-digit price gains in August. Melfort saw the largest year-over-year increase, with prices nearly 19 percent higher than August 2024. Other notable gains included Humboldt (15 percent), Estevan (13 percent), Moose Jaw (12 percent), and Prince Albert (12 percent).

 City of Regina

Regina reported 356 sales in August, down eight percent year-over-year. Despite the year-over-year sales decline, August sales were still over 14 percent above the 10-year average.

 There were 465 new listings throughout the month, down seven percent compared to August 2024. When paired with above-average monthly sales, inventory levels remained relatively unchanged from the month prior. With over 200 of the 824 active units available at month’s end already conditionally sold, Regina is heading into September with 599 available units.

 The Queen City reported a residential benchmark price of $341,300 in August, down from a record $343,300 in July. However, despite the slight monthly price dip, prices were seven percent higher than those reported last August.

RECORD HOME PRICES IN APRIL AS INVENTORY REMAINS TIGHT ACROSS SASKATCHEWAN

Saskatchewan reported 1,470 home sales in April, marking a 10 percent decline compared to April 2024, the second-strongest April on record in our province. However, despite the year-over-year dip, sales remained significantly above the 10-year average for the 22nd consecutive month — a clear sign of continued market strength.

New listings were also down, falling over seven percent year-over-year and sitting 17 percent below the 10-year average. These persistent supply shortages continue to limit inventory recovery, even as sales ease slightly.

 “Our market continues to demonstrate remarkable resilience, with 22 straight months of sales outperforming long-term trends,” said Association CEO, Chris Guérette. “Although sales decreased in April compared to last year, this isn’t a demand issue — it's an inventory issue. The current inventory situation directly impacts our market’s ability to sustain even higher sales.”

At the end of April, there were 4,371 active listings across the province — up slightly from 3,851 in March. Despite this monthly increase, inventory was still down 18 percent year-over-year and remains nearly 50 percent below the 10-year average.

Tight market conditions continue to drive higher home prices, as Saskatchewan’s residential benchmark price rose to a record-high $360,500 in April —up from $353,600 in March and more than 6 percent higher than April 2024.

“We’re pleased to see our market weathering both economic uncertainty and ongoing supply challenges,” Guérette added. “It remains a challenging time for prospective buyers, but we’re cautiously optimistic that the slight rise in inventory this month is a step in the right direction.”

City of Saskatoon

Saskatoon reported 440 sales in April, down nearly 16 percent year-over-year but 11 percent above the 10-year average.

 New listings declined by 12 percent year-over-year and over 18 percent below long-term trends. Of the 681 available units at month’s end, 230 were conditionally sold, leaving just 451 units on the market with active status.

 Saskatoon continues to set new price records, with a benchmark price of $422,600 in April, up from the prior record of $415,900 in March and over seven percent above April 2024.

Regional Highlights

Nearly every economic region in the province reported year-over-year sales declines in April. However, the Yorkton-Melville region was an outlier, reporting sales eight percent higher than April 2024 and over 18 percent above long-term, 10-year trends.

The Regina-Moose Mountain and Saskatoon-Biggar regions continue to experience the tightest market conditions in the province, as both regions report less than two-and-a-half months of supply heading into May.

 Price Trends

Despite modest year-over-year sales declines, supply challenges and competitive market conditions resulted in price gains across nearly all regions of the province in April.

 The City of Humboldt reported benchmark price gains of nearly 12 percent in April, while Melfort (11.3 percent), Moose Jaw (10.9 percent), Prince Albert (8.0 percent) and North Battleford (6.9 percent) all reported notable gains.

 City of Regina

The City of Regina reported 365 sales in April, down 13 percent year-over-year but still well outpacing long-term, 10-year averages by over 26 percent.

 There were 494 new listings in April, down four percent year-over-year and over seven below the 10-year average. Of note, 179 of the 636 units available at month’s end were already conditionally sold, leaving just 457 active units heading into May.

 Regina reported a record benchmark price of $335,500 in April, up from $326,300 in March and over five percent above April 2024.

📢 Saskatoon Real Estate Market Update – February 2025 📢

Big news for Saskatoon’s housing market! February saw 323 homes sold—that’s a 5% jump from last year and 25% higher than the 10-year average! Demand is staying strong, but tight supply is keeping sales from climbing even higher.

🏡 Low Inventory, High Demand
New listings took a dip, with only 381 homes hitting the market—that’s 12% fewer than last year and a whopping 30% below the 10-year norm. By the end of February, there were just 581 active listings, and 156 were already conditionally sold. That means we’re heading into March with less than two months’ worth of supply—one of the lowest inventory levels ever for this time of year!

💰 Prices Keep Climbing
Saskatoon’s benchmark home price edged up to $405,400, rising from $403,400 in January and up nearly 6% from February 2024. With inventory this low, prices are holding firm, making it a great time to sell.

📣 Thinking of buying or selling this spring? Let’s chat about what these market trends mean for you! 📩

#SaskatoonRealEstate #MarketUpdate #HomesForSale

The Ultimate Guide to Tenant Background Checks: Protecting Your Investment and Finding Reliable Renters

Finding trustworthy tenants is crucial for maintaining a successful rental property. A thorough tenant background check helps landlords avoid costly issues down the line, ensuring reliable rent payments and responsible property care. But an effective screening process goes beyond simply checking credit scores. It involves understanding legal requirements, gathering the right documentation, and using trusted screening tools to spot potential problems before they arise.

What Is a Tenant Background Check?

A tenant background check provides a detailed look at an applicant’s history to help landlords make informed decisions. In Canada, this typically includes:

• Identity Verification: Confirming the applicant’s identity using government-issued IDs like a driver’s license or passport. Social Insurance Numbers (SINs) can be requested but only with explicit consent for lawful purposes.

• Credit Reports: Reviewing payment history, outstanding debts, and financial risks using reports from agencies like Equifax or TransUnion.

• Rental History: Verifying previous rental addresses, landlord references, and lease compliance to assess a tenant’s reliability and responsibility.

Key Components of a Tenant Background Check

To make the best choice for your rental property, focus on these key aspects:

1. Credit History Reports: Evaluate credit scores, outstanding debts, payment patterns, and any collections or bankruptcy records. This gives insight into the applicant's financial stability and reliability.

2. Criminal Background Checks: Protect your property and other tenants by checking criminal records if possible with proper consent.

3. Employment Verification: Confirm the applicant's income stability by contacting their current employer and verifying job status and salary. This helps ensure they can meet the rent payments.

4. Rental History: Investigate previous rental addresses and speak with former landlords to learn about lease compliance, payment history, and property maintenance habits.

Legal Requirements and Privacy Laws in Canada

Tenant background checks in Canada must follow strict privacy laws designed to prevent discrimination:

• Federal Privacy Laws (PIPEDA): Landlords must obtain written consent before conducting background checks and collecting personal information. The data must be used only for stated purposes, and applicants have the right to review and correct any inaccuracies.

• Human Rights Laws: Discrimination based on race, gender, disability, and other protected characteristics is prohibited.

• Provincial Regulations: Rules on application fees, credit checks, and the use of criminal records vary by province, so it’s essential to understand the local laws.

Red Flags to Watch For

Be on the lookout for these warning signs during the screening process:

• Credit Issues: Low credit scores or multiple late payments suggest financial instability.

• Criminal History: Repeated property-related offences or a history of violent crime may pose safety risks.

• Rental Background: Frequent evictions or complaints about property damage from previous landlords are red flags.

Best Practices for Tenant Screening

To conduct an effective and legally compliant tenant screening process, follow these best practices:

• Consistent Criteria: Use a standardized checklist that includes credit scores, income thresholds, and employment history to ensure fair and unbiased decision-making.

• Record Keeping: Organize and maintain files for each applicant, including signed applications, consent forms, credit reports, and notes on the screening results.

• Avoid Discrimination: Evaluate applicants based solely on objective criteria, such as credit history, income stability, and rental references, not on personal characteristics.

Conclusion: Protecting Your Investment and Building Positive Tenant Relationships

Conducting thorough and legally compliant tenant background checks helps landlords find trustworthy renters, protect their investments, and maintain a positive rental community. By staying informed about Canadian and provincial laws and following best practices, landlords can minimize risks and ensure long-term success.

Saskatchewan’s housing market is off to a strong start in 2025, with 782 sales across the province in January—up one percent year-over-year and over 17 percent above 10-year averages. Strong January sales led to the nineteenth consecutive month of above-average sales in the province, a streak of robust sales that dates back to June 2023. New listings declined by two percent year-over-year and were down nearly 28 percent compared to long-term averages. Declining new listings continue to be met with strong demand, which failed to provide any supply relief to begin the new year. Inventory levels were down 19 percent year-over-year and currently sit over 44 percent below the 10-year average, with over 600 fewer units available than this time last year. Notably, of the 3,925 available units reported at month’s end, over 700 had already accepted a conditional offer and are set to leave the market once those transactions close. “While market activity in the coming months will provide a clearer picture of trends for 2025, monthly sales figures continue to outperform expectations,” said Association CEO, Chris Guérette. “We’re picking up right where we left off after a near-record 2024.”

City of Saskatoon

The City of Saskatoon reported 253 home sales in January, a year-over-year increase of over 3 percent and the second-strongest January on record.

Despite a surge in new listings, Saskatoon’s months of supply remains under 2.5 months, with inventory levels down 15 percent year-over-year and over 50 percent below long-term trends. Notably, less than 450 of the 618 available units at month’s end were not already conditionally sold.

Saskatoon reported a benchmark price of $403,400 in January, up from $395,300 in December and over seven percent higher than January 2024.

The City of Saskatoon reported 380 home sales in November, a 21 percent increase compared to the same month last year and 32 percent above the 10-year average.

Saskatoon’s strong sales momentum continues to limit inventory relief. With just 693 units currently available on market, the city faces less than two months of supply, emphasizing the sustained demand in Saskatchewan’s largest urban center.

Saskatoon reported a benchmark price of $398,800 in November, a slight decline from $402,600 in October, reflecting typical seasonal trends. However, the benchmark price remains over six percent higher than in November 2023, highlighting the ongoing price growth fueled by tight market conditions.

Saskatchewan reported 1,179 sales in November, marking the second-highest monthly sales volume ever for the month. This represents an 18 percent increase compared to November 2023 and 27 percent above the 10-year historical average. Sales growth was widespread, with nearly all regions of the province contributing to a nine percent year-to-date sales increase.

November marked the seventeenth consecutive month of above-average sales, which coincided with a drop in new listings. This imbalance further reduced inventory levels, which declined by 23 percent year-over-year and currently sit nearly 45 percent below the long-term, 10-year averages—the lowest for November since 2007.

Saskatchewan reported 1,520 sales in October, the highest monthly sales level ever reported for the month. Sales were over 21 percent higher than last year’s levels and 36 percent above long-term, 10-year historical averages. Sales levels improved across all regions of the province in October, contributing to a year-to-date gain of over 8 percent.

 Despite modest monthly growth in new listings, the sixteenth consecutive month of above-average sales in Saskatchewan led to further inventory declines – with inventory at the lowest point in October since 2007. The steepest inventory declines were experienced in homes priced below $300,000, while the only monthly inventory gains were reported in homes priced above $600,000.

 “Saskatchewan continues to benefit from several positive economic factors supporting above-average housing demand across our province,” said Association CEO, Chris Guérette. “Unlike some parts of the country, housing demand remains strong despite significant inventory challenges – as demonstrated by a sixteenth consecutive month of above-average sales.”

 Strong monthly sales, combined with lower inventory, resulted in the months of supply falling to just above three months across the province—an exceptionally low figure for the month of October. The relatively tight market conditions throughout much of 2024 continue to place upward pressure on prices, as nearly all Saskatchewan communities reported year-over-year benchmark price gains this month.

 Saskatchewan reported a residential benchmark price of $343,400 in October, down slightly from $343,800 in September. While a slight month-over-month price decrease is expected and in line with seasonal factors, the October benchmark price is nearly six percent above October 2023 – with prices improving across all property types compared to last year.

 “We typically see less sales activity in the fourth quarter of the year, and when you factor in the scarcity of inventory, the demand we’re seeing that led to record October sales is quite impressive,” said Guérette. “Recent rate cuts are expected to support even stronger demand – with inventory levels below near record lows in some markets across the province, it is a challenging time for prospective buyers right now.”

City of Saskatoon

The City of Saskatoon reported a record-high 444 sales in October, a year-over-year increase of 17 percent and nearly 30 percent above long-term, 10-year averages.

 Strong sales levels continue to prevent any significant inventory relief in the Bridge City, as the 803 units available on market reflect the lowest level reported in October since 2006, with less than two months of supply available across the city.

 Saskatoon reported a residential benchmark price of $402,600 in October, up from $401,800 in September and nearly seven percent higher than October 2023.

STRONG SALES CONTINUE IN JULY DESPITE ONGOING INVENTORY PRESSURES August 7, 2024 FOR IMMEDIATE RELEASE:   Saskatchewan reported 1,667 sales in July, a seven per cent year-over-year gain and over 20 per cent above long-term, 10-year averages. The thirteenth consecutive month of above-average sales in the province has contributed to year-to-date sales that were 10 per cent above July 2023 and 19 per cent above the 10-year average.   While new listings saw a modest year-over-year gain, this had little impact on inventory levels, which were down 20 per cent year-over-year and remain over 40 per cent below long-term trends.   “Strong housing demand continues to support above-average monthly sales levels, preventing any significant inventory relief in many markets across the province,” said Association CEO, Chris Guérette. “Limited supply choice, specifically in the more affordable segment of the market, is likely preventing even stronger sales activity in our province.”   Saskatchewan reported a residential benchmark price of $344,800 in July, up from $343,300 in June and nearly five per cent higher than July 2023. Home prices trended up across all property types in July, with year-over-year gains ranging from over four per cent in detached to 11 per cent in row/townhouse-style properties.   “With just over three months of inventory across the province - below two in some of our larger centres - it remains a challenging time for prospective buyers right now,” said Guérette. “Supply constraints, when paired with strong demand, continue to place upward pressure on prices – as evidenced by record benchmark prices in some communities for the second consecutive month.”     ###   Regional Highlights Despite a slight year-over-year sales decline in some economic regions, all provincial regions reported monthly sales figures above long-term, 10-year averages in July.   Year-to-date sales have improved across all economic regions except the Northern region, with the largest growth occurring in the Regina-Moose Mountain and Swift Current-Moose Jaw regions. Meanwhile, the Saskatoon-Biggar region is again reporting the tightest market conditions in the province, with 2.19 months of supply in July.   Price Trends Home prices trended up across many economic regions of the province in July, with the largest monthly gains occurring in the Saskatoon-Biggar (seven per cent year-over-year) and Swift Current-Moose Jaw (five per cent) regions.   The City of Saskatoon reported the largest price gains in July, with prices over seven per cent higher than last year. Meanwhile, Regina, Estevan, Weyburn, Moose Jaw, Swift Current, Humboldt, Meadow Lake, Melfort, North Battleford, and Prince Albert all reported year-over-year price gains in July.   City of Regina The City of Regina reported 381 sales in July, up 10 per cent year-over-year and 26 per cent above long-term, 10-year trends.   Strong July sales contributed to a 16 per cent gain in year-to-date sales, which are amongst the highest levels ever reported in Regina at this point in the year. Despite a slight year-over-year increase in new listings, inventory levels remain over 43 per cent below 10-year trends.   The City of Regina reported a benchmark price of $318,400 in July, up from $318,100 in June and 0.5 percent above July 2023.   City of Saskatoon The City of Saskatoon reported 520 sales in July, a five per cent year-over-year gain and over 20 per cent above long-term, 10-year averages.   Limited supply options continue to prevent stronger sales figures in Saskatoon, as inventory levels remain over 50 per cent below long-term trends. The Bridge City continues to report the tightest market conditions in the province, with 1.60 months of supply in July.     The City of Saskatoon reported a record benchmark price of $406,500 in July, up from $403,500 in June and over seven per cent above July 2023.

In the statement accompanying the decision, the Bank noted that growth in the Canadian economy has picked up but is still below long-run potential, meaning the economy has growing excess supply.  The Bank points out that weakness in the economy is being felt both in household consumption and the housing market, and the labour market is softening. While growth is expected to increase in the second half of 2024 and in 2025, current levels of excess supply will continue to put downward pressure on inflation. As such, core inflation is expected to slow to 2.5 per cent in the second half of this year and ease further in 2025 while total CPI inflation settles near its 2 per cent target in 2025.

“We are increasingly confident that the ingredients to bring inflation back to target are in place. Looking ahead, we expect inflation to moderate further, though progress over the next year will likely be uneven,” said Bank of Canada Governor Tiff Macklem. “If inflation continues to ease broadly in line with our forecast, it is reasonable to expect further cuts in our policy interest rate. The timing will depend on how we see these opposing forces place out.”

PRICE GROWTH CONTINUES AS NUMEROUS COMMUNITIES REPORT RECORD BENCHMARK PRICES IN JUNE July 4, 2024 FOR IMMEDIATE RELEASE:   Saskatchewan reported 1,675 sales in June, a one percent year-over-year decrease but nearly 10 percent above long-term, 10-year averages. Sales levels improved in properties priced above $400,000, which nearly offset the pullback in homes priced below $300,000, as inventory challenges continue to prevent even stronger monthly sales.   New listings dipped by 14 per cent year-over-year and 21 per cent compared to 10-year trends, preventing any significant inventory relief, as inventory levels decreased by 19 per cent year-over-year and over 40 per cent versus long-term trends. Despite these persistent inventory challenges, Saskatchewan reported above-average sales for the twelfth consecutive month in June.   “While the recent Bank of Canada rate decision was welcome news, higher lending rates and rising home prices continue to spur demand for more affordable housing options,” said Association CEO, Chris Guérette. “This demand, when paired with falling supply in lower price ranges, limits options for prospective buyers and prevents even stronger monthly sales figures. There simply isn’t enough inventory to service this segment of our market right now.”   Saskatchewan reported a residential benchmark price of $343,300 in June, up from $340,400 in May and nearly five per cent higher than June 2023. Meanwhile, the communities of Humboldt ($272,500), Martensville ($398,800), Melfort ($250,100), Prince Albert ($251,700), Saskatoon ($403,500), and Warman ($463,500) reported record benchmark prices in June, with Saskatoon eclipsing the $400,000 mark for the first time.   “Housing demand remains strong in Saskatchewan, despite ongoing supply challenges placing significant stress on the more affordable segment of our market, especially in our two largest centres,” said Guérette. “While real estate is local and market conditions vary by region, it can be incredibly challenging for prospective buyers right now.”   ###   Regional Highlights Regina-Moose Mountain and Prince Albert were the only regions to report year-over-year sales gains, while year-to-date sales remained above average in all regions outside of the Northern Region.   Saskatchewan’s two largest regions continue to report the tightest market conditions in the province, with 3.09 months of supply in the Regina-Moose Mountain region and 2.09 months in the Saskatoon-Biggar region.    Price Trends Home prices trended up across many regions of the province in June, with the largest monthly gains occurring in the Saskatoon-Biggar (seven per cent year-over-year) and Swift Current-Moose Jaw (five per cent) regions.   With prices over 12 percent higher than last year, the City of Melfort reported the highest year-over-year price gain for the second consecutive month. Meanwhile, Saskatoon, Regina, Estevan, Weyburn, Moose Jaw, Swift Current, Humboldt, Meadow Lake, North Battleford, and Prince Albert reported year-over-year price gains in June.   City of Regina The City of Regina reported 380 sales in June, up four per cent year-over-year and 14 per cent above long-term, 10-year trends.   While conditions remain tight in the Queen City, month-over-month inventory levels improved slightly, resulting in 2.06 months of supply, up from 1.69 in May. Despite some relief, inventory levels were down 30 per cent year-over-year and remain nearly 50 per cent below long-term trends.   The City of Regina reported a benchmark price of $318,100 in June, down from $320,000 in May, and 0.5 percent above June 2023.   City of Saskatoon The City of Saskatoon reported 540 sales in June, which were on par with June 2023 and 15 percent above long-term, 10-year trends.   Limited supply options are likely preventing even stronger sales in Saskatoon, as inventory levels reached their lowest point since June 2007. The Bridge City reported a 26 percent year-over-year decrease in inventory, which remains over 53 percent below the 10-year average.   The City of Saskatoon reported a record benchmark price of $403,500 in June, up from 397,200 in May and over seven per cent above June 2023.