Record Prices Continue to Erode Saskatchewan’s Affordability Advantage – April 2026 Market Update

Record Prices Continue to Erode Saskatchewan’s Affordability Advantage

Saskatchewan’s housing market tightened again in April, with persistently low inventory driving a second consecutive month of record prices. Demand remains healthy — the problem, as it has been for two years now, is that there simply is not enough to buy.

The province recorded 1,404 residential sales in April, down four percent year-over-year but a solid nine percent above the 10-year average. Sales activity remains resilient; supply continues to be the defining constraint.

A Structural Supply Problem

There were 2,109 new listings in April, up from March but still more than 20 percent below typical levels for this time of year. Inventory rose modestly, but nearly 800 of the 3,847 units were already conditionally sold. Accounting for those, just over 3,000 properties remained genuinely available province-wide — leaving Saskatchewan with only 2.2 months of effective supply heading into May.

“We are no longer seeing temporary pressure — this is a structural supply challenge,” said Chris Guérette, CEO of the Saskatchewan REALTORS® Association. “New listings are improving month-over-month, but they remain well below normal levels. At the same time, inventory is being absorbed almost as quickly as it comes online.”

Guérette also pointed out that Saskatchewan is facing the opposite problem from much of the country: “In many markets across Canada, inventory is building and sales are slowing down. In Saskatchewan, it’s the opposite.”

Benchmark Prices Set Another Record

The provincial residential benchmark price reached a new record of $347,300 in April, nearly five percent higher than April 2025. Six communities — Martensville, Moose Jaw, North Battleford, Regina, Yorkton, and Warman — set benchmark price records for the second consecutive month.

“Affordability is being eroded faster than many people realize,” Guérette noted. “We’ve long positioned Saskatchewan as one of the most affordable housing markets in the country, but that advantage depends on supply keeping pace.”

Regional Highlights

• Saskatoon–Biggar and Swift Current–Moose Jaw were the only economic regions to post year-over-year sales gains in April.
• Those two regions, plus Regina–Moose Mountain and Yorkton–Melville, recorded sales above their 10-year averages.
• Saskatoon–Biggar (1.95 months of supply) and Regina–Moose Mountain (2.24 months) continue to report the province’s tightest conditions.
• All regions except Swift Current–Moose Jaw sit more than 50 percent below historical inventory norms.

Price Trends

All but one Saskatchewan community reported year-over-year price gains, with three posting double-digit increases:

• Melville — up more than 17 percent year-over-year, the strongest in the province for a second straight month
• Yorkton — up 15 percent
• Swift Current — up 12 percent
• Humboldt and Estevan — both up 9 percent

Regina Market Update

Regina reported 347 sales in April, down four percent year-over-year but 16 percent above the 10-year average. New listings fell eight percent year-over-year, leaving 1.6 months of supply — or just 1.2 months once conditional sales are removed. Of 562 available units, nearly 160 were conditionally sold, leaving 403 active properties. Regina set another record benchmark price of $345,700, up from $343,700 in March and four percent above April 2025.

Saskatoon Market Update

Saskatoon recorded 450 sales in April, up two percent year-over-year and 12 percent above the 10-year average. Year-to-date sales are running eight percent above the 10-year average through the first four months of 2026.

Despite a welcome monthly bump in new listings, Saskatoon continues to report the province’s tightest market conditions. Inventory sits more than 50 percent below historical trends, with only 1.6 months of supply at month’s end — and just 1.1 months once conditional sales are factored out. Of 714 available units, more than 200 were conditionally sold, leaving 503 active units heading into May.

After hitting a record $435,200 in March, Saskatoon’s benchmark price eased slightly to $433,200 in April — still more than three percent above April 2025.

What This Means for Buyers and Sellers

If you are selling: With roughly 500 active listings in a city of Saskatoon’s size, sellers remain in an exceptionally strong position. Sales are running above both last year and the long-term average, which means buyer demand is genuinely there. This is about as favourable a spring market as sellers have seen.

If you are buying: At 1.1 months of effective supply, you are competing for a very small pool. Be fully pre-approved, know your priorities before you view, and be prepared to make a decision quickly. The slight April dip in Saskatoon’s benchmark should not be read as a turning point — the year-over-year trend is still firmly upward.

Let’s Talk About Your Move

These provincial figures set the scene, but your neighbourhood and price range tell the real story. I am always happy to break down what these numbers mean for your specific situation.

📩 Contact me today for a personalized home evaluation or a current market snapshot for your Saskatoon neighbourhood.