Buy and Sell Saskatoon Real Estate

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.

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

November 5, 2025

Saskatchewan’s housing market continued its strong run in October, posting 1,433 sales across the province — the second-highest October on record. While activity eased slightly compared to the all-time record set last year, resale activity continues to outpace long-term trends and remains well above what the market typically sees at this time of year.

The month also brought a welcome increase in new listings, with 1,922 properties added to the market, up 11% from October 2024. Even with more homes coming to market, near-record sales kept inventory extremely low. At the end of October, Saskatchewan’s housing supply sat nearly 50% below the 10-year average.

Of the 4,483 active listings, 828 were conditionally sold and expected to leave the market, leaving 3,655 available properties heading into November.

“October marked the 28th consecutive month of above-average sales,” said Saskatchewan REALTORS® Association CEO, Chris Guérette.
“Year-to-date activity is more than 20% above the 10-year average, keeping us on track to surpass 2024’s results — our second-strongest year on record.”

Saskatchewan’s benchmark price reached $362,700, down slightly from September. The modest month-to-month decline aligns with normal seasonal patterns, while prices remain almost 6% higher year-over-year.

“Despite tight supply and broader global uncertainty, Saskatchewan’s housing market continues to show remarkable resilience,” Guérette added. “What we’re seeing right now really speaks to the confidence people have in this market — and in our province as a whole.”

Regional Highlights

The Saskatoon-Biggar region was the only area to record a year-over-year sales increase in October, which is not unexpected given the province’s record-setting activity in October 2024. Still, all regions except the Northern region reported sales well above their 10-year averages, showing continued strength across the province.

Market conditions remain tight in every region:

• Inventory levels are 44% to 65% below the 10-year average

• Saskatoon-Biggar and Regina-Moose Mountain continue to report the lowest months of supply, indicating strong demand and limited options for buyers

Price Trends

October marked the sixth consecutive month of year-over-year price growth in every Saskatchewan community.

Some markets posted exceptional gains:

• Melville: +22%

• Yorkton: +15%

• Estevan: +13%

• Swift Current: +13%

• Humboldt: +12%

• Weyburn: +10%

Rising benchmark prices across the province reflect persistent buyer demand combined with limited supply, especially in the entry-level and mid-range segments.

City of Saskatoon

Saskatoon posted a record 455 sales in October, surpassing the previous record set in 2024 and sitting 31% above the 10-year average for the month.

New listings increased 33% year-over-year, bringing some inventory relief to the city. However, buyers quickly absorbed the increase. Saskatoon is still reporting less than two months of supply, maintaining one of the tightest market environments in the province.

Key highlights:

• 891 active listings at month-end

• 229 conditionally sold, leaving 662 available heading into November

• Benchmark price: $421,100

• Down from September, but still 5% higher than October 2024

Even with a small month-to-month price adjustment, strong annual gains reinforce the continued confidence in Saskatoon’s market.

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 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.