If you’re looking at the Saskatchewan real estate market in 2025, you’re in the right place.
Knowing what’s happening in the market is essential whether you’re considering buying, selling, or investing.
Real estate can seem complicated, but it doesn’t have to be. Let’s explore key trends and highlights from the first quarter of 2025 in a way that’s easy to understand.
Overall Market Performance: Saskatchewan Real Estate Market Update
1. Sales Are Steady, But Prices Are Rising
Steady sales are one of the most noticeable trends in Saskatchewan’s real estate market.
More people are still looking to buy homes, and the market stays active.
But what’s catching people’s attention is that home prices continue to rise.
In Q1 2025, the average home price in Saskatchewan increased by around 4%. Homes are getting more expensive in cities like Saskatoon and Regina, but don’t worry—this is a sign of a healthy market.
The demand for homes is strong, and many people are willing to pay more for a property. If you’re considering selling, this could be a great time to list your home.
2. New Listings Are Up, But Active Listings Are Down
When more homes are listed for sale, it’s easier for buyers to find a place they like.
In Q1 2025, we saw a slight increase in new listings, meaning more homes were available for sale. However, there’s an interesting twist—fewer homes stay on the market.
Active listings, or homes that are still available, have dropped. This means that while more homes were listed, they didn’t stay on the market for long.
Homes are selling fast, and buyers must act quickly to secure the right property. If you’re planning to buy, be prepared to make quick decisions.
3. More People Are Building Homes
The good news for buyers and sellers is that construction in Saskatchewan is picking up.
Builders are busy in Q1 2025, an excellent sign for the future. New homes are being built across the province, especially in Saskatoon and Regina.
Around 1,900 new housing starts were made this quarter, which is about a 6% increase from last year. These new homes are helping to meet the growing demand for housing.
Builders are focusing on creating homes that appeal to different types of buyers, including first-time buyers, families, and those looking for more affordable options.
4. Mortgage Rates Are Stable
If you’re wondering about mortgage rates, here’s some good news: they’ve stayed stable in Q1 2025.
The average five-year fixed mortgage rate is around 5.25%, similar to last year. While the rate is a bit higher than it used to be, it’s still manageable for most buyers.
Stable mortgage rates are helping to keep the market moving. Even with higher home prices, many people can still afford homes.
If you’re considering buying, this is a great time to take advantage of the current rates before they increase again.
5. Renting Is Still Popular
The rental market in Saskatchewan is also strong. Many people rent homes, especially in larger cities like Saskatoon and Regina.
Rent prices have increased slightly in Q1 2025, with a two-bedroom apartment in Saskatoon averaging $1,250 and $1,200 in Regina. These prices are up by about 2.5-3% compared to last year.
While renting may seem like a good option for some, it’s becoming more competitive. Low vacancy rates in both cities are making it harder for people to find rental properties.
If you’re considering renting, be ready to face some competition for available spaces.
6. Commercial Real Estate is Growing
Saskatchewan’s commercial real estate market is also showing positive signs. More businesses are leasing office spaces, especially in Saskatoon.
Vacancy rates for office spaces have dropped, meaning companies are starting to feel more confident about the local economy.
Retail and industrial spaces are also in demand. As the economy recovers, more businesses are looking for places to operate.
Commercial real estate is a substantial investment, and there are plenty of opportunities for those interested in the business side of real estate.
7. Population Growth Drives Housing Demand
Saskatchewan’s population is growing, which is putting pressure on the housing market. More people are moving to the province, which is increasing the demand for homes.
This population growth is one of the key factors driving the real estate market in 2025.
As more people settle in Saskatchewan, housing needs continue to rise.
Builders work hard to meet that demand, and the market stays active. If you’re considering investing in real estate, population growth is something to keep in mind.
More people moving in means more demand for homes, which could lead to a strong return on investment.
What Does This Mean for You?
Now that we’ve broken down the trends in Saskatchewan’s real estate market, let’s talk about what this means for you:
- For the buying process: The market is competitive, and homes are selling quickly. Be ready to make fast decisions and work with a real estate agency who knows the market well. Mortgage rates are still stable, so it’s a good time to buy if you’re financially ready.
- If you’re selling, it’s a great time to do so! Home prices are rising, and homes are moving quickly.
- If you’re renting: Renting is still popular, but competition is tough. If you’re looking for a rental, be ready for higher prices and fewer available properties.
- Investing: The Saskatchewan real estate market offers plenty of opportunities. With population growth and strong demand for residential and commercial properties, it’s a good time to invest in real estate.
Final Thoughts
The Saskatchewan real estate market in Q1 2025 is full of promise. With rising home prices, new construction, and stable mortgage rates, there’s something for everyone.
Understanding these trends will help you make smarter buying, selling, renting, or investing decisions.
The market may be competitive, but it can also be gratifying with the right approach.
Stay informed, be prepared, and take action.
Also, you can connect with the best real estate brokerage in Canada to know these trends. Whether you’re looking to buy, sell, or invest, understanding these market dynamics can help you make informed decisions.
