The latest Market Watch update from the Saskatchewan Realtors Association reports that as seen in prior months, the Regina-Moose Mountain area and Saskatoon-Biggar continue to experience the tightest market conditions in the province.

According to the SRA the City of Saskatoon reported 575 sales in June, the second-largest number of sales on record for the month. June sales were up seven percent year-over-year and 22 percent above 10-year averages.

New listings rose 18 percent year-over-year, with 789 new listings hitting the market in June. Despite the rise in new listings, inventory levels remain 45 percent below historical averages for this time of year.

Saskatoon’s streak of record benchmark gains ended in June, as the Bridge City reported a benchmark price of $432,700, down from $433,700 in May.

In Regina the Queen City reported 402 sales in June, up over six percent year-over-year and nearly 17 percent above the 10-year average. The SRA says tight market conditions continue to drive record prices in Regina with June’s benchmark price of $343,200, up eight percent compared to June 2024, eclipsed the previous high of $340,800 in May.

CMHC’s mid-year rental market update is out and Chris Guerette, CEO of Saskatchewan Realtors Association, in a post on social media, says what stands out for Saskatchewan is that the rental market is tight, showing a high absorption of new supply – a contrast to big cities where flood of new units softened market.

Regina led rent growth nationally, and Saskatoon also ranks near the top despite larger national markets adding supply. She says while affordability has been eroded the province is still competing extremely well

Vacancy remains low despite supply additions – unlike Calgary, where massive completions increased vacancies. She notes Saskatchewan is weathering the political and economic uncertainties really well.