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.
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