1. Current Context & 2025 Recap

As Saskatchewan entered 2026, its housing market remained one of the strongest in Canada:

• Sales & demand: Home sales in 2025 were near all-time highs, with the province recording the second-highest annual sales on record. Saskatoon posted over 5,000 sales and remained extremely active relative to historical averages.

• Inventory: A key driver of market conditions has been extremely limited housing supply — inventory levels across many Saskatchewan markets (including Saskatoon and Regina) have often sat well below 10-year averages.

• Prices: Benchmark home prices continued to rise in 2025, with many cities achieving double-digit annual gains (e.g., Melville, Yorkton, Swift Current). Saskatoon’s benchmark hovered around $417,700 in December 2025, up over 6% YoY.

These conditions reflect strong demand outpacing supply — a structural imbalance that is central to 2026 forecasts.

2. Price Forecasts for 2026

Several industry forecasts provide expected price movements for the coming year:

• Royal LePage & local realtor projections suggest moderate price increases in 2026, driven by continued demand and tight inventory. For example, one forecast projects a ~4% rise in median single-family detached home prices in Regina, with more modest gains in condo prices.

• Broad Canada market forecasts (e.g., CMHC) — though not Saskatchewan-specific — indicate that average home prices in major centres are expected to trend upward through 2026, but the range can vary widely based on supply and economic conditions.

Key takeaway: Saskatchewan looks set for continued price growth in 2026, though likely moderating compared with past years because persistent supply issues will constrain how fast prices can accelerate, and broader economic conditions (like mortgage rates) will influence affordability.

3. Inventory & Supply Dynamics

Inventory — already unusually low — is a central determinant of 2026 conditions:

• Tight supply persists: As of late 2025, active listings heading into 2026 remained well below average, with many cities showing just 2–3 months of supply.

• Builders & new construction: Forecasts from housing agencies show some growth in housing starts (especially multi-unit), but not enough yet to fully offset the gap between demand and available resale homes.

Implication: Inventory scarcity will likely keep the market competitive, particularly for detached homes that remain in highest demand.

4. Demand Drivers in 2026

Several underlying factors contribute to ongoing demand in Saskatchewan:

• Affordability relative to larger provinces: Saskatchewan’s relative affordability compared with markets in Ontario and B.C. continues to attract buyers.

• Population and economic factors: Job gains and migration trends (including interprovincial migration from higher-cost markets) support housing demand.

• Buyer sentiment: Local anecdotes and realtor commentary indicate buyers expect price growth or sustained competition, reinforcing urgency. (Supplemental community sentiment)

5. Broader Economic & Mortgage Context

National and international trends — even though some are not Saskatchewan-specific — will also influence the market:

• Mortgage rates: While not expected to drop sharply in 2026, modest easing or stabilization could support buyer activity. National forecasts suggest mortgage rates could remain elevated, tempering rapid price acceleration.

• National price trends: Some Canadian experts project overall home price gains at a moderate pace in 2026, with affordability issues gradually easing in select regions.

This broader context suggests that Saskatchewan may outperform national trends if its inventory remains constrained and local demand stays high.

6. Risks & Uncertainties

While outlooks are generally positive for 2026, several risk factors could affect the market:

• Inventory improvement: If new supply enters the market faster than expected (e.g., more new builds), upward price pressure could ease.

• Economic shifts: Broader economic slowdowns, higher borrowing costs, or employment challenges could dampen buyer confidence.

• Policy changes: Local or federal housing policy changes (e.g., tax, zoning, incentives) could influence affordability and supply.

7. Summary Forecast

Here’s a concise projection for the Saskatchewan housing market in 2026:

Bottom line: Saskatchewan’s housing market in 2026 is expected to remain competitive, with continued price appreciation, strong demand, and limited supply shaping conditions. Buyers should anticipate active markets with sustained competition, while sellers continue to benefit from scarcity — though not as intensely as in recent years.

Information from the multiple sources and should be not relied upon while making a decision, 

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