Saskatchewan’s Housing Market Enters 2026 with Stability, Demand, and Lasting Affordability

As 2026 begins, Saskatchewan’s housing market continues to demonstrate a level of stability and affordability that sets it apart from many larger Canadian centers. While headlines elsewhere focus on slowdowns and corrections, Saskatchewan remains grounded in steady demand, limited supply, and balanced price growth. For homebuyers, builders, and homeowners alike, the province is starting the year from a position of strength.

January sales followed typical seasonal patterns, yet still landed above long term averages. This consistency reinforces what has now become a clear trend. Saskatchewan has recorded above average monthly sales for 31 consecutive months, an indicator of sustained confidence in the housing market across the province.

In January alone, 712 homes were sold. At the same time, inventory levels remained nearly 50 percent below the 10 year average, highlighting a market where demand continues to outpace supply. Of the 3,508 active listings at the end of the month, nearly 700 were already conditionally sold, leaving just 2,855 available properties heading into February.

Affordability Remains Saskatchewan’s Key Advantage
Across Canada, affordability is becoming increasingly rare. In Saskatchewan, it continues to be one of the province’s strongest differentiators. While supply remains tight, price growth has been steady rather than volatile.

The provincial residential benchmark price reached $359,500 in January. This represents a modest increase from December and nearly a six percent rise compared to January of last year. Importantly, price growth was recorded in every Saskatchewan community, reflecting healthy demand without the sharp swings seen in some larger markets.

New listings declined four percent year over year and remained well below historical averages. Although seasonal trends offered slight month over month relief, overall supply levels remain largely unchanged from January 2025 and significantly below long term norms.

Regional Market Conditions Across the Province
All six of Saskatchewan’s economic regions reported year over year sales declines in January. Despite this, several regions still outperformed their historical benchmarks. Regina Moose Mountain, Saskatoon Biggar, and Swift Current Moose Jaw all recorded sales above their 10 year averages.

Supply constraints continue to define market conditions across Saskatchewan. Regions including Prince Albert, Regina Moose Mountain, Saskatoon Biggar, Swift Current Moose Jaw, and Yorkton Melville reported inventory levels close to 50 percent below the 10 year average. This ongoing shortage continues to support stable pricing and consistent buyer activity.

Price Growth Continues into 2026
The momentum from 2025 carried directly into the new year. Above average sales combined with limited supply have driven price growth throughout the province. All Saskatchewan communities reported year over year price increases in January, with several seeing notable gains.

The City of Melville led the province with a 15 percent increase in benchmark price. Yorkton followed with a 13 percent gain, while Humboldt and Swift Current each recorded increases of 11 percent. These results point to broad based strength rather than isolated market spikes.

City Spotlight: Regina
Regina posted 172 home sales in January, a one percent increase year over year and nearly 15 percent above the city’s 10 year average. While new listings saw modest growth, strong sales activity prevented meaningful inventory recovery.

At month’s end, Regina had 496 available units, with 134 conditionally sold. This left just 362 active listings heading into February. Supply remains approximately 50 percent below long term averages.

Regina’s residential benchmark price was $330,600 in January, slightly lower than December but still six percent higher than the same time last year.

City Spotlight: Saskatoon
Saskatoon recorded 237 sales in January, representing a six percent year over year decline. Despite this dip, sales remained seven percent above the city’s 10 year average, reinforcing Saskatoon’s position as the tightest market in the province.

New listings continued to decline, and demand remained strong. Of the 635 available units at month’s end, 187 were conditionally sold, leaving just 448 active listings entering February.

Saskatoon’s benchmark price reached $417,800 in January, up slightly from December and four percent higher than January 2025.

What This Means Moving Forward
Saskatchewan enters 2026 with a combination that is increasingly difficult to find in Canada. Steady demand, limited supply, and relative affordability continue to define the market. While conditions will evolve throughout the year, the early outlook remains positive.

For those considering building new, upgrading their home, or entering the market for the first time, Saskatchewan continues to offer opportunity without the volatility seen elsewhere. At D&S Homes, these conditions reinforce the value of quality construction, thoughtful design, and long term investment in communities that continue to grow with confidence.