The average residential sale price in Saskatoon has increased by five per cent across all property types between 2024 and 2025 from $402,600 to $421,100. The number of sales transactions increased by 1.8 per cent for the same time period (from 4,399 to 4,478). The total number of listings decreased by 17.6 per cent (from 803 in 2024 to 662 in 2025)
Trends in the Saskatoon Housing Market
Average residential sale prices will rise by five per cent going into 2026, compared to 2025. Sales are anticipated to increase by two per cent going into 2026, compared to 2025. Looking ahead to 2026, Saskatoon will be a sellers' market. Strong demand from first-time buyers and move-up purchasers, coupled with limited housing inventory, is creating competitive conditions for available properties. High rental costs and low vacancy rates are further motivating buyers to enter the market, while investor interest continues to support sustained activity.
Single detached homes are expected to drive the strongest demand and sales activity in the region in 2026. Move-up and move-over buyers continue to seek larger properties with more space, while downsizing retirees still value the privacy and outdoor areas these homes offer. Detached properties also remain attractive to buyers prioritizing long-term stability. Looking ahead to 2026, several key trends are shaping Regina's housing market for homebuyers and sellers.
In Saskatoon, first-time homebuyers—often immigrants and young families—are typically looking in the $300,000 to $400,000 range. Move-up and move-over buyers are prioritizing growing families and multi-generational living, with budgets between $450,000 and $850,000. Retirees are focusing on condominiums priced from $350,000 to $600,000. Looking ahead to 2026, new home construction is centered on single-family homes, frequently featuring secondary suites to accommodate multi-generational households. New developments are proceeding as planned, supporting the city's evolving housing needs.
A seasonal downshift is shaping activity in Saskatoon this fall, with many buyers delaying moves until the spring and summer months when conditions are more favourable. This timing preference signals that some of today's softer demand may simply be deferred, suggesting the region could see renewed momentum as the 2026 spring market approaches.
Rising rental prices in Saskatoon are prompting more first-time buyers to consider entering the market sooner than planned. Many are weighing the long-term costs of renting against the stability of ownership, and in a growing number of cases, parents are stepping in to help make a first purchase more attainable.
Higher rental prices in Saskatoon are largely in line with current purchase prices and tax levels, helping investors maintain stable returns. The relatively low cost of entry compared to other provinces continues to attract out-of-province investors in particular, who view the market as both accessible and financially viable. Prices will continue to go up as the city grows, thus right now is the right time to buy. Interest rates will play a pivotal role in Saskatoon's 2026 housing market. A decline could trigger a strong spring surge in activity, while stable or slightly higher rates may keep the market moving at a pace similar to 2025. However, a sharp increase in rates could lead to heightened financial strain and potential foreclosures.
Low inventory and steady immigration are key factors shaping Saskatoon's housing market. The city's lower cost of living compared with provinces like Ontario and British Columbia continues to attract new residents, putting additional pressure on available homes and supporting ongoing demand. Technology has expanded the reach of Saskatoon's housing market, with listing platforms, virtual tours, and social media drawing far more attention from buyers outside the city. These tools allow out-of-town prospects to explore properties remotely, increasing competition and broadening the pool of potential purchasers.
