Ongoing momentum in Saskatoon’s housing market continued to propel luxury sales higher in 2026. In the first four months of the year, 28 residential properties sold above the $900,000 price point, up approximately 27 per cent compared to the same period in 2025.
Limited inventory and relative affordability have continued to underpin demand across the luxury property market. Builders have struggled to keep pace with population growth, creating increasingly competitive conditions, particularly at lower price points. Well-priced properties tend to attract multiple offers and sell quickly, with strong activity at the entry point to the luxury segment helping to support movement further up the housing ladder.
Migration reshapes the market
Population growth has played a significant role in Saskatoon’s housing market performance since the pandemic, with both interprovincial migration and immigration contributing to the uptick in demand. At the same time, strengthening economic fundamentals have drawn former residents back to Saskatchewan as employment opportunities expand across a range of industries.
The impact is increasingly evident at the upper end of the market. Luxury homes selling above the $2-million price point, once considered rare in Saskatoon, have become more commonplace. In one notable example, a riverfront property recently sold for approximately $3 million and was subsequently demolished to make way for a custom-built residence expected to be valued at close to $10 million.
Demand for luxury housing exists throughout the city, although Old Nutana remains one of Saskatoon’s most coveted neighbourhoods, offering a mix of contemporary and historic homes along the banks of the South Saskatchewan River. Saskatchewan Crescent East and West, Mallin Crescent, Whiteswan Drive and University Drive continue to rank among the city’s most sought-after addresses.
Golf course communities such as The Willows and Greenbryre are also attracting strong interest, with very limited inventory available below the $2-million mark. Many of the properties in these communities sit on expansive lots and offer a level of privacy and exclusivity that remains highly desirable among affluent buyers.
Lifestyle drives purchasing decisions
Luxury buyers in Saskatoon have been increasingly motivated by lifestyle considerations, whether moving up, rightsizing or seeking a different type of property altogether. Empty nesters and retirees are finding new opportunities to transition into high-end condominium developments in Old Nutana, where premium finishes, walkability, a low-maintenance lifestyle and sweeping city views offer an attractive alternative to larger detached homes.
While activity at the ultra-luxury level has continued to grow, the majority of sales have remained concentrated between $900,000 and $1.2 million, where buyers continued to find exceptional value relative to many major Canadian housing markets.
Strong economic outlook supports growth
Saskatchewan’s economic outlook has continued to strengthen, creating a favourable backdrop for the luxury housing market. Growth in key sectors including potash, uranium, agriculture, energy and critical minerals has generated new investment and expanded employment opportunities across the province. As companies grow and capital investment increases, Saskatchewan has been attracting a greater number of highly skilled professionals, senior management personnel and executive-level employees, many of whom are relocating to Saskatoon and surrounding communities.
Unlike larger metropolitan centres where housing costs can consume a disproportionate share of household income, Saskatoon continues to offer exceptional value at the luxury level. Buyers can acquire premium properties while maintaining greater financial flexibility and quality of life. Combined with strong population growth, rising incomes and an increasingly diversified economy, these factors are expected to support continued demand for upper-end housing and position Saskatoon’s luxury market for sustained growth in the years ahead.
