Buy and Sell Saskatoon Real Estate

Spring market is heating up in Saskatoon and here’s the reality - showing up without a pre-approval is like walking into a dealership and saying “I’ll figure out the money later.” It just doesn’t fly anymore.

Lately, more and more sellers (and listing agents) are asking one thing before they even let you in the door - proof of pre-approval.

So what’s changed, and why does it matter so much right now?

1. Sellers Want Serious Buyers Only

Inventory is still tight in a lot of Saskatoon neighbourhoods. When a listing hits the market - especially anything priced well - it’s getting attention fast.

Sellers don’t want:

• tire kickers

• “just looking” buyers

• people who might qualify

They want buyers who are ready to write an offer today.

A pre-approval tells the seller:
This buyer is legit
Financing won’t fall apart
This deal has a real shot at closing

2. You Actually Know Your Price Range (and Don’t Waste Time)

Without a pre-approval, buyers tend to:

• look too high and get disappointed

• look too low and miss out on better homes

• fall in love with something they can’t buy

A pre-approval locks in:

• your max purchase price

• your monthly payment comfort zone

• your down payment expectations

It turns guessing into a clear plan.

3. You Can Move FAST When the Right House Hits

Good homes in Saskatoon don’t sit around right now.

Especially in areas like:

• Brighton

• Evergreen

• Stonebridge

• Varsity View

You might have:

• 24–48 hours before offers come in

• multiple competing buyers

If you’re not pre-approved, you’re scrambling while someone else is writing an offer.

Pre-approved buyers?
They walk in ready
They can submit same-day offers
They win more deals

4. It Strengthens Your Offer (Big Time)

Let’s say there are 3 offers on a house.

Same price. Same conditions.

One difference:
One buyer is pre-approved
One buyer isn’t

Which one do you think the seller chooses?

Pre-approval reduces uncertainty. And in a competitive situation, certainty wins.

5. Some Sellers Won’t Even Allow Showings Without It

This is happening more often now.

Listing agents are starting to say:
“Pre-approval required before booking a showing”

Why?

Because sellers don’t want:

• unnecessary traffic through their home

• last-minute cancellations

• buyers who can’t actually buy

So if you don’t have one… you might not even get through the front door.

6. It Protects YOU Too

This isn’t just about sellers.

A pre-approval can:

• lock in an interest rate (huge if rates move)

• flag issues early (credit, income, debt ratios)

• give you time to fix things before you’re under pressure

Way better to find out now than after you’ve fallen in love with a house.

The Bottom Line

In today’s Saskatoon market, a pre-approval isn’t optional anymore - it’s step one.

It makes you:

• faster

• stronger

• taken seriously

And honestly, it saves a ton of time and stress.

Thinking About Buying?

Before we even start booking showings, I’ll connect you with a solid local mortgage broker to get you pre-approved properly (not just a quick online estimate).

Once that’s done?

That’s when the real fun starts - finding the one and actually having the power to get it.

Let’s go shopping the right way.

Saskatchewan’s housing market moved into spring facing continued pressure, as limited supply pushed home prices to a new all-time high and made affordability more challenging across the province.

In March, there were 1,256 residential home sales across Saskatchewan. That’s a slight one percent drop compared to last year, but still nearly 10 percent higher than the long-term average. While activity has cooled from the near-record pace seen in 2025, demand remains steady—year-to-date sales are still four percent above the 10-year average.

New listings reached 1,808 in March, increasing from February as the market begins its seasonal shift. However, listings are still down year-over-year and sit nearly 25 percent below typical historical levels. Inventory remains especially tight, with less than three months of supply available—more than 50 percent below what’s normally expected at this time of year.

This ongoing supply shortage is the main factor behind rising prices.

The provincial benchmark price climbed to a record $374,100 in March, up from $363,800 in February and more than six percent higher than March 2025. Price increases were seen across every community for the third month in a row.

Unlike many other Canadian markets that are seeing slower activity and rising inventory, Saskatchewan continues to face a different reality—demand remains consistent, but supply hasn’t kept up. This imbalance is what’s driving prices higher and making it more difficult for buyers, especially those entering the market for the first time.

Seasonal factors are also contributing. A slower transition out of winter has delayed the usual increase in new listings, keeping inventory levels tight during a key time of year.

As the spring market progresses, the big question is whether supply will improve. Historically, increased inventory tends to support more sales activity—but without a meaningful rise in listings, upward pressure on prices is prices is expected to continue.

Saskatoon Market Update

Saskatoon recorded 388 home sales in March, down four percent compared to last year but still eight percent above the 10-year average. Although sales haven’t matched the strong levels seen in early 2025, year-to-date activity is still six percent higher than long-term trends.

New listings increased compared to March 2025, but remain well below historical norms. This has left Saskatoon with some of the tightest market conditions in the province, heading into the busy spring season.

At the end of March, the city had just 1.6 months of supply. Of the 638 homes available, nearly 200 were already conditionally sold, leaving only 440 active listings heading into April.

Home prices in Saskatoon also reached a new record. The benchmark price rose to $435,200 in March, up from $421,600 in February and more than five percent higher than March 2025.

The Saskatoon real estate market has been pretty wild the last couple weeks, and honestly, it feels like spring hit early this year.

The big thing right now is pressure building in a few different ways. It’s not just home prices, it’s everything around it. Insurance, borrowing costs, just the overall cost of owning a home. Buyers are definitely noticing it. Especially first-time buyers, they’re being a lot more careful with their decisions instead of just jumping on anything.

That said, demand hasn’t gone anywhere. If anything, I’ve been busier than ever. March was a really strong month for me - sold several homes and spent a ton of time out with buyers. A lot of those buyers are actually referrals from past clients, which says a lot about how active things still are. People are still making moves, they’re just being a bit smarter about it.

Inventory is still tight too, and that’s a big part of the story. There just aren’t enough good listings coming up to match the number of buyers out there. So when something solid hits the market, it’s getting attention right away. You’re seeing quicker sales and pretty competitive situations, especially in that mid-range price point.

New builds are helping a bit, but not enough to really change things. There’s definitely construction happening around the city, but it’s not like there’s a flood of new homes hitting the market. Demand is still ahead of supply in most areas people actually want to be in.

There’s also been talk about the city trying to improve housing supply long term, which is great, but that’s more of a future fix. It’s not going to change what we’re seeing right now heading into spring.

From what I’m seeing day to day, it still leans toward a seller’s market if the home is priced right and shows well. Buyers are active, they’re just more calculated. They’re thinking things through a bit more, but they’re still out there and still writing offers.

The next few weeks will be interesting. Usually more listings start to come up this time of year, so we’ll see if that gives buyers a bit of breathing room. But if inventory stays low, it’s going to stay competitive.

Overall, Saskatoon’s market feels strong. Not crazy, not out of control, just steady, busy, and a lot of opportunity on both sides if you play it right.

Buying a home is exciting. But right after the offer gets accepted, reality hits - inspections matter more than almost anything else in the deal.

This is where things either stay smooth… or get messy fast.

What a home inspection actually does

A home inspection isn’t about finding a “perfect house.” That doesn’t exist.

It’s about:

• Understanding what you’re really buying

• Catching issues early

• Giving you leverage if something’s off

Think of it like this - you’re not just buying a house, you’re buying everything that comes with it… good and bad.

The big things inspectors look for

Not every scratch or nail matters. These do:

Structure

• Foundation cracks

• Shifting or uneven floors

Roof

• Age and condition

• Missing or damaged shingles

Mechanical

• Furnace age and size

• Water heater condition

Electrical

• Outdated panels

• Improper or unsafe connections

Plumbing

• Leaks, pressure issues

• Old materials like poly B

What happens when issues come up?

Almost every inspection finds something. The key is how you handle it.

You’ve got options:

• Ask the seller to fix it

• Ask for a price reduction

• Accept it and move forward

• Walk away

The goal isn’t to “win” - it’s to make sure the deal still makes sense for you.

Where deals fall apart

It’s usually not the problem itself. It’s:

• Surprises buyers weren’t prepared for

• Overreactions to minor issues

• Poor advice or no strategy

I’ve seen deals saved over furnace issues… and deals die over loose outlets.

Pro tip (this matters more than people think)

Don’t wait for the inspection to start learning about the house.

Before you even write an offer:

• Look at age of roof, furnace, windows

• Ask about past repairs and upgrades

• Check the big-ticket items

It changes how you write the offer in the first place.

The bottom line

A home inspection isn’t there to scare you. It’s there to protect you.

The right approach:

• Stay calm

• Focus on the important stuff

• Have a plan

Because at the end of the day, the best deals aren’t the ones with zero issues…
they’re the ones where you know exactly what you’re getting into.

If you’re thinking about buying and want to walk through what to expect before you even get to the inspection stage, let’s chat

The Bank of Canada made its announcement today and decided to hold interest rates steady.

No hike. No cut.

Pretty neutral headline… but here’s the thing:

Saskatoon’s market doesn’t feel neutral right now at all.

What the rate hold actually means

The Bank is basically in wait-and-see mode.

• Inflation is improving

• The economy is slowing a bit

• But they’re not ready to cut yet

So rates stay where they are… for now.

Meanwhile in Saskatoon

While rates are holding, Saskatoon’s housing market is doing its own thing.

• Well-priced homes are moving fast

• Multiple offers are still happening

• Inventory is tight in a lot of price ranges

Especially in that $350K - $600K range, things are competitive.

So even though rates haven’t dropped yet…

Demand hasn’t gone anywhere.

What this means for buyers

This is the part most people are trying to figure out.

You’re probably thinking:

“Do I wait for rates to drop?”

Here’s the reality right now:

• Rates are stable (which helps with planning)

• But prices are holding strong or creeping up

• And competition is still there

So waiting might get you a better rate later…

But you could be competing with more buyers when that happens.

What this means for sellers

This is a pretty solid window.

• Buyers are active

• There’s still urgency in the market

• And you don’t have the uncertainty of rising rates scaring people off

If your home shows well and is priced right…

You’re still in a strong position.

The bigger picture

We’ve shifted out of the “rates are climbing every month” phase.

Now we’re in a more stable environment, and that’s huge.

Because when things stabilize:

• Buyers regain confidence

• Sellers feel more comfortable listing

• Deals actually start coming together again

Where this is likely going

Most people expect rate cuts eventually… just not overnight.

And when that happens?

More buyers jump in

Competition increases

Prices can get pushed up even more

That’s why this current moment is kind of interesting.

It’s not the cheapest rates…

But it’s also not peak chaos either.

The takeaway (Saskatoon version)

Rates held today.

But locally?

The market is still moving.

If you’re waiting for everything to line up perfectly - low rates, low prices, no competition - that moment usually doesn’t show up.

It’s more about timing your move based on your situation.

If you’re trying to figure out your next step

Whether you’re buying, selling, or just watching things…

We can map it out properly.

No pressure, no sales pitch - just what actually makes sense for you in this market.

Shoot me a message anytime

If you’ve been wondering what’s going on with the Saskatoon real estate market lately, here’s the quick rundown.

The market is still tight.

In February, Saskatoon had 271 home sales, which is about 16% lower than last year and just a little below the 10-year average. But that doesn’t necessarily mean the market is slowing down. What’s really happening is that there just aren’t a lot of homes available for buyers to choose from.

That supply issue has been the big story for a while now.

Inventory Is Still Very Low

At the end of February, Saskatoon had 614 homes showing as available, but here’s the important detail.

164 of those were already conditionally sold, meaning they’re basically spoken for and will likely be leaving the market soon.

So when you take those out, there were really only about 450 active homes available across the entire city heading into March.

For a city the size of Saskatoon, that’s not much inventory at all.

And when supply stays tight like this, it tends to keep pressure on prices.

Prices Continue to Climb

The benchmark price in Saskatoon reached $421,600 in February.

That’s:

• up from $417,800 in January

• about 5% higher than February last year

So prices are still moving upward, but not in a crazy spike. It’s more of a steady climb driven mostly by the lack of homes available.

What This Means for Buyers

If you’re a buyer right now, the biggest challenge isn’t necessarily price.

It’s finding the right home before someone else does.

Good properties are still attracting strong interest, especially if they’re priced well and in desirable neighbourhoods.

That doesn’t mean every house sells instantly, but the good ones definitely don’t sit long.

What This Means for Sellers

For sellers, the tight inventory is good news.

With fewer homes competing for attention, well-presented properties are still seeing strong activity. Pricing strategy still matters, but the lack of supply is helping keep things moving.

Heading Into the Spring Market

Spring is usually when we see a wave of new listings hit the market.

The big question this year will be whether enough homes come up for sale to give buyers more options.

If listings stay low, we’ll likely keep seeing the same pattern:

• steady demand

• limited inventory

• gradual price growth

And honestly, that’s pretty much been the story of the Saskatoon market for the past couple years.

If you’re thinking about buying or selling this spring and want to talk through the market, feel free to reach out anytime. I’m always happy to chat about what’s happening out there.

-Kevin Leuschen

If you’ve bought or sold a home with me, you’ve probably had this moment:

“Why do you need my ID?”
“Why are you asking where my deposit is coming from?”

Totally fair questions.

The reason is simple. It’s federal law.

In Canada, real estate professionals are regulated by Financial Transactions and Reports Analysis Centre of Canada, better known as FINTRAC. Their job is to prevent money laundering and terrorist financing, and real estate is considered a higher risk industry because large amounts of money move through it.

So we are legally required to identify our clients and understand where funds are coming from.

Not optional. Not a brokerage policy. Federal regulation.

Why We Verify ID

When I ask for government photo ID, I’m required to:

• Confirm you are who you say you are

• Determine whether anyone is acting on your behalf

• Complete a risk assessment on the transaction

This protects the integrity of the deal and the broader real estate market. It also protects you from fraud and identity misuse.

Why We Ask About Source of Funds

If you’re providing a deposit or purchasing a property, I’m required to take reasonable measures to understand where the money is coming from.

Common examples are:

• Employment savings

• Sale of another property

• Investments

• Inheritance

• A family gift

It’s not about being intrusive. It’s about ensuring the funds are legitimate and that the transaction makes sense based on what we know about you as a client.

What Clients Should Know

These requirements apply to every REALTOR in Canada. FINTRAC audits brokerages and issues real penalties for non compliance.

So when I ask for ID or ask about your deposit, it’s not paperwork for the sake of paperwork. It’s part of doing things properly and protecting everyone involved.

If you ever have questions about it, just ask. I’d rather explain it clearly than have it feel confusing or uncomfortable.

I pulled every detached sale in Saskatoon over the last 60 days and filtered it to homes built in 2023 or earlier.

No brand new 2024 or 2025 inventory.
No builder incentives.
Just resale homes.

Out of 187 detached sales, these were the 10 largest over-ask results.

And the numbers might surprise you.

The Top 10 Over-Ask Sales (Resale Only)

1. North Park Area (1960s Build)
Listed at $489,900
Sold at $601,000
Over asking by $111,100

This was the clear outlier. A 1967 build. Mature area. Sold in 9 days. This wasn’t a new build frenzy. This was strategic pricing creating serious competition.

2. College Park Area
Listed at $250,000
Sold at $311,000
Over asking by $61,000

Affordable homes, when priced sharply, are still attracting multiple offers.

3. Westmount Area
Listed at $249,900
Sold at $295,000
Over asking by $45,100

Entry-level product continues to be tight.

4. Forest Grove Area
Listed at $459,900
Sold at $500,000
Over asking by $40,100

Mid-market strength in established neighbourhoods.

5. Forest Grove Area
Listed at $489,900
Sold at $530,000
Over asking by $40,100

Another 1980s build creating leverage through pricing.

6. Westview Area
Listed at $460,000
Sold at $500,000
Over asking by $40,000

Good location. Good prep. Strong demand.

7. Lakeview Area
Listed at $659,900
Sold at $697,500
Over asking by $37,600

Even higher price points can compete when positioned properly.

8. Wildwood Area
Listed at $527,900
Sold at $557,000
Over asking by $29,100

Solid mid-range movement.

9. College Park Area
Listed at $419,900
Sold at $445,000
Over asking by $25,100

Low 400s remain very active.

10. Forest Grove Area
Listed at $494,900
Sold at $508,500
Over asking by $13,600

Not dramatic, but still shows leverage.

What This Actually Means for Saskatoon

First, that $111,000 jump is not the norm. It’s the extreme example. Listed low and sold high.

Most competitive sales are landing in the $25,000 to $45,000 over range.

Second, almost all of these are homes built in the 1960s to early 2000s. Mature neighbourhoods are driving the action.

Third, this confirms something important:

The middle of the market - roughly $350,000 to $550,000 - is the most competitive segment in Saskatoon right now.

Luxury homes are negotiating.
Entry-level homes are condition driven.
But resale family homes in established areas are where buyers compete hardest.

Strategy Is Everything

These results do not mean you automatically list high and hope.

In fact, the opposite.

The homes creating bidding wars were priced sharply from day one.

This market rewards preparation and smart pricing. It punishes overreach.

If you’re wondering whether your home would fall into the competitive category or the negotiation category, that depends on location, condition, price bracket, and timing.

That’s where a proper strategy comes in.

And the data over the last 60 days makes one thing clear:

Saskatoon is balanced.
But the right homes still create leverage.

If you’ve been watching the Saskatoon real estate market lately, you’ve probably felt it too - things are busy. And not just “spring busy.” It’s that steady, underlying momentum that’s been building for a while now. I read a couple of local updates this week and then went out to show homes in Stonebridge and Brighton, and honestly, what I saw lined up almost exactly with what the numbers are saying.

Inventory is still tight. That’s the headline. We’re not swimming in listings. In fact, in certain price ranges, especially that $350,000 to $550,000 sweet spot, it feels like the minute something clean and well-priced hits the MLS, it’s booked solid within 24 hours. I showed a home backing green space in the northeast last week, and before we even finished the showing, there were two more groups waiting outside. That’s not hype. That’s just what’s happening on the ground.

I’ve also noticed that buyers are getting more decisive. Last year there was a bit more hesitation. People would think about it for a week. Now? If the home shows well, has decent mechanical updates, and the layout makes sense, they’re writing offers quickly. I’ve seen multiple offers pop up again in neighborhoods like Evergreen, Rosewood, and even parts of Hampton Village. It’s not every property, but the good ones are absolutely moving.

What’s interesting though is that this isn’t panic buying. It feels more measured. Interest rates are still a factor, obviously. Every buyer I sit down with wants to run numbers carefully. They’re asking about monthly payments, stress tests, renewal risk. But they’re also realistic. Saskatoon is still affordable compared to so many other Canadian cities. When I read national headlines about price drops in Toronto or Vancouver, it doesn’t always translate here. Our market tends to move differently. Slower, steadier, less dramatic.

I’ve also been seeing continued migration into Saskatchewan. You talk to people at open houses and they’re coming from Alberta, Ontario, even BC. Some are relocating for work. Some are just looking for more house for their money. When someone from out of province sees what $500,000 buys here compared to other provinces, it changes their perspective fast.

On the seller side, pricing strategy matters more than ever. The days of just “trying a number and seeing what happens” aren’t smart. I’ve had conversations recently where I’ve recommended pricing slightly under what a seller hoped, and it ended up driving competition and pushing the final price up. When inventory is tight but buyers are payment-sensitive, you have to hit that sweet spot. Too high and you sit. Priced right and you’re negotiating from a position of strength.

I’m also seeing strong activity in move-up homes. Families who bought in 2018 or 2019 with lower rates have built equity and are now looking for more space. Finished basements, home offices, backing parks, triple garages - those features are carrying serious weight right now. Anything that feels “complete” and turnkey is winning.

One thing I’ve learned working in this market day in and day out is that headlines only tell part of the story. You can read stats all day, but when you’re physically walking through houses, talking to buyers, writing offers at 11:30 pm, that’s when you really understand what’s happening. Right now the tone feels confident. Not crazy. Not crashing. Just active.

If you’re thinking about buying or selling in Saskatoon this year, the biggest mistake is sitting on the sidelines waiting for some dramatic shift. This market rewards preparation. Buyers who are pre-approved and ready move faster. Sellers who prep properly and price strategically get results.

And from what I’m seeing every single week, Saskatoon is holding strong.

Saskatchewan’s housing market stepped into 2026 with continued strength, stability, and affordability—standing apart from the slower conditions reported in several of Canada’s largest urban centres. While January reflected typical seasonal activity, sales remained above long-term averages and inventory levels stayed well below historical norms, reinforcing the province’s persistently tight market environment.

The province recorded 712 home sales in January, marking 31 consecutive months of above-average activity. Inventory levels remained nearly 50 per cent below the 10-year average, highlighting ongoing demand that continues to exceed available supply across much of Saskatchewan. Of the 3,508 active listings at month’s end, nearly 700 were conditionally sold, leaving 2,855 properties available as the market moved into February.

Across the country, headlines continue to focus on corrections and slowdowns in major centres such as Toronto and Vancouver. Saskatchewan’s outlook, however, remains notably different. Market conditions are tight, yet the province’s relative affordability continues to be one of its strongest advantages entering 2026.

New listings declined four per cent year-over-year and sat 27 per cent below historical averages for January. Although typical seasonal trends provided modest month-over-month relief in inventory, overall supply remained largely unchanged from January 2025 and still nearly 50 per cent below the 10-year norm. With a significant portion of active listings already conditionally sold, available supply remains limited heading into the early months of the year.

Saskatchewan’s residential benchmark price reached $359,500 in January, up slightly from $359,000 in December and nearly six per cent higher than the $340,400 recorded in January 2025. Price growth across all Saskatchewan communities reflects the continued balance between affordability and sustained demand—contrasting with the more volatile price movements seen in several larger Canadian markets.

Looking ahead, the province continues to offer a combination that is becoming increasingly uncommon nationwide: steady demand, constrained supply, and comparatively attainable home prices. While market conditions will evolve as the year progresses, these fundamentals point toward a positive outlook for Saskatchewan in 2026.

Regional Highlights

All six of Saskatchewan’s economic regions reported year-over-year sales declines in January. Despite this, the Saskatoon-Biggar and Swift Current-Moose Jaw regions posted sales levels above their respective 10-year historical averages.

Supply shortages remain a consistent theme across the province. Inventory in the Prince Albert, Saskatoon-Biggar, Swift Current-Moose Jaw, and Yorkton-Melville regions sat near 50 per cent below long-term averages, underscoring the widespread nature of Saskatchewan’s tight housing conditions.

Price Trends

Market momentum carried forward into 2026, as above-average sales and ongoing supply constraints continued to support price growth province-wide. Every Saskatchewan community recorded year-over-year benchmark price increases in January, with four centres posting double-digit gains.

Melville once again led monthly price growth, with benchmark values rising 15 per cent year-over-year. Other notable increases were seen in Yorkton (13 per cent), Humboldt (11 per cent), and Swift Current (11 per cent).

City of Saskatoon

Saskatoon reported 237 home sales in January, representing a six per cent decline compared to the same time last year. Even with this decrease, sales activity remained seven per cent above the city’s 10-year average for the month.

Lower new listing volumes combined with continued above-average demand resulted in some of the tightest market conditions in the province. Of the 635 units available at month’s end, 187 were already conditionally sold and expected to exit the market, leaving 448 active listings heading into February.

Saskatoon’s residential benchmark price reached $417,800 in January—slightly higher than December’s $417,700 and four per cent above the level recorded in January 2025.

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

Saskatchewan’s housing market wrapped up 2025 with one of the strongest performances in its history, recording the second-highest annual home sales total on record. Strong activity in December capped a year defined by sustained demand, tight supply, and continued confidence across the province.

A total of 792 homes sold in December, representing a nearly three percent increase year-over-year and well above the 10-year average for the month. That momentum helped propel Saskatchewan to 16,222 home sales in 2025, up one percent from 16,119 sales in 2024—marking the second-strongest sales year ever recorded in the province.

While new listings saw modest increases at various points throughout the year, near-record demand continued to pressure supply. Inventory reached record-low levels during 2025, and that trend persisted into year-end. In December, new listings declined by four percent year-over-year and remained well below historical norms.

“Closing out 2025 with the second-highest sales year on record is a remarkable achievement for Saskatchewan’s housing market,” said Association CEO Chris Guérette. “This marks our 30th consecutive month of above-average sales—a level of sustained performance that’s rare and speaks to the strength of demand across the province.”

Seasonal trends allowed months of supply across the province to rise above four months in December. Even so, inventory levels were down 12 percent compared to December 2024 and finished the year nearly 50 percent below the 10-year average. Of the 3,410 units available at year-end, 540 were conditionally sold and expected to leave the market, leaving just 2,870 active listings heading into the new year.

The province’s residential benchmark price stood at $359,000 in December, down slightly from $360,500 in November, consistent with typical seasonal patterns. Despite the modest month-over-month dip, prices were still seven percent higher than December 2024, when the benchmark sat at $337,800.

“Saskatchewan’s housing market demonstrated remarkable strength and resilience in 2025, supported by population growth, employment gains, and a more favourable interest rate environment,” Guérette added. “Looking ahead to 2026, the most pressing challenge remains inventory. Demand is still there—the key question is whether supply can keep pace.”

Regional Highlights

The Prince Albert, Saskatoon-Biggar, Swift Current-Moose Jaw, and Yorkton-Melville regions all reported sales that exceeded 2024 levels. While year-over-year gains were modest, annual sales across these regions significantly outperformed long-term historical trends.

As seen throughout much of 2025, Saskatoon-Biggar (2.9 months of supply) remains among the tightest markets in the province. Despite seasonal improvements in December, supply levels in the region are still more than 50 percent below the 10-year average.

Price Trends

Strong demand combined with low inventory continued to drive price growth across Saskatchewan. In December, all but one community reported year-over-year price increases to close out the year.

The City of Melville once again posted the strongest benchmark price growth, with prices up nearly 16 percent year-over-year. Other notable increases included Yorkton (14.3 percent), Swift Current (11.9 percent), Humboldt (10.6 percent), and Moose Jaw (8.1 percent).

City of Saskatoon

Saskatoon recorded 270 home sales in December, a six percent increase year-over-year and nearly 24 percent above the 10-year average. With 5,113 sales in 2025, the city posted its second-strongest year on record, up nearly two percent from 2024 and 22 percent above the long-term average.

Saskatoon remained the tightest market in the province, with just over two months of supply and inventory levels 50 percent below the 10-year average. Of the 569 units available at year-end, 130 were conditionally sold and expected to exit the market, leaving 439 active listings heading into January.

The city’s benchmark price was $417,700 in December, down slightly from $421,000 in November but more than six percent higher than December 2024, when prices averaged $395,300.

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

December 3, 2025

Saskatchewan’s housing market continued its strong performance in November, marking the 29th consecutive month of above-average sales. With 15,430 sales year-to-date, the province remains on track to surpass 2024’s impressive activity.

A total of 1,073 sales were reported in November—down 9% compared to November 2024. Despite the year-over-year dip, monthly sales still landed 12% above the 10-year average, highlighting consistent and resilient demand across the province.

“November’s statistics reinforce what we have been seeing all year,” said Association CEO Chris Guérette. “Strong demand and resilient activity continue to outperform expectations. We are on pace to exceed last year’s near-record sales with significantly less inventory, which speaks to the strength of Saskatchewan’s market and buyer confidence in this province.”

Saskatchewan saw 1,376 new listings in November—slightly above last year but still well below historical norms. Inventory remains tight, sitting 45% under the 10-year average. Of the 4,165 active listings, 708 are conditionally sold, leaving 3,457 active units heading into December.

The provincial benchmark price reached $360,500 in November—down slightly from October’s $362,700. The soft month-to-month change reflects normal seasonal trends, while prices remain 7% higher year-over-year.

Guérette added: “Buyers continue to show confidence in the market despite tight conditions, and strong permit and start activity is encouraging. But short-term policy proposals that restrict supply won’t solve affordability. Band-aid measures like rent control don’t add homes—they reduce access to them. Saskatchewan’s momentum depends on coordinated, supply-focused policy heading into 2026.”

Regional Highlights

Every economic region in Saskatchewan reported year-over-year sales declines in November, ranging from a 4% drop in the Saskatoon-Biggar region to a 40% decrease in Yorkton-Melville. Still, most regions remain ahead of their long-term averages and are positioned to surpass 2024 totals.

Inventory shortages are consistent across the province, ranging from 33% to 71% below the 10-year average, with the Saskatoon-Biggar region continuing to report the tightest supply conditions.

Price Trends

Home prices continued to climb in November, with every region posting year-over-year benchmark gains for the seventh consecutive month.

The City of Melville led the province with a 20% annual increase, followed by strong price growth in several centres:

• Estevan: +16%

• Swift Current: +15%

• Yorkton: +15%

• Humboldt: +13%

• Weyburn: +13%

• Meadow Lake: +11%

The steady price appreciation reflects a market where demand continues to exceed supply, particularly in affordable segments.

City of Saskatoon

Saskatoon posted 372 sales in November, down 2% year-over-year but still 25% above the 10-year average for the month.

While the city recorded another month of rising new listings, high sales activity prevented meaningful inventory relief. Supply levels remain over 40% below historic norms.

Of the 808 active properties at the end of November, 217 were conditionally sold, leaving 591 listings moving into December.

Saskatoon’s benchmark price reached $421,000, up from $420,300 in October and over 6% higher than November 2024.

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