Saskatchewan Realtors Association Chief Executive Officer Chris Guerette says there were a record 1,851 sales across the province last month, which is up 11 per cent year-over-year and 30 per cent higher than the ten year average.

Although this is great news, as it means people want to live here, Guerette says this spike in sales counteracted a year-over-year gain in new listings, resulting in quite the tight market and a steep increase in housing costs. In July, the provincial residential benchmark price hit an all-time high of $372,700, up 8 per cent year over year.

“In all of the communities we track real estate market statistics for, all of them, for a third month in a row, saw an increase in their benchmark price. Seven of those reported a record benchmark price in July, yet again.”

In Saskatoon, the benchmark price soared to a record of $435,100 last month, and in Regina, $343,300. But, this is no longer just a large city problem. Humboldt saw the highest benchmark price increase at 17 per cent, followed by Melville 16 per cent and Melfort at 14 per cent. In order for supply to match up with demand, Guerette says we need to start building more homes, and faster.

She says in 2022, the SRA reported that in order to meet 2030 growth plan expectations, thousands of new homes needed to be built in the province.

“To meet our goals to 2030, we needed to build between 90,000 and 140,000 units in that seven year period. Well, we’re no longer in that seven year period. We now have five years left, and we’re still not building fast enough, and we’re feeling that pressure.”

However, she admits that Saskatchewan is on the right track, as record numbers of residential permits have been pulled in the first six months of 2025.