Found 4 blog entries tagged as Saskatoon housing market.

As the spring market hits full stride, Saskatoon's May 2025 real estate data reflects ongoing strength despite supply challenges.

According to the Saskatchewan REALTORS® Association, Saskatoon posted 544 residential sales, slightly down (5%) from May 2024 but 19.2% above the 10-year average, showing continued strong demand.

New listings surged to 903, a 13% year-over-year increase. While this helped restock the market, conditions remain tight with 881 active listings, resulting in just 1.62 months of supply. Nearly 300 of those listings were conditionally sold, further emphasizing the competitive climate.

The standout figure? Saskatoon hit a record-high benchmark price of $433,700, up 9.2% from May 2024 and climbing month-over-month from April’s…

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As Saskatoon continues to grow, new home construction remains essential in addressing both population expansion and housing shortages. With inventory levels across the city remaining low, newly built homes are key to create a balanced and sustainable housing market.

A recent policy shift by the City of Saskatoon has opened new possibilities for builders and buyers alike: basement suites are now permitted in semi-detached homes. This change is expected to encourage the development of more affordable multi-family options, making better use of available land and offering added income potential for homeowners.

Development is active on both sides of the city. On Saskatoon’s east side, neighbourhoods like Brighton and Aspen Ridge are leading the way with…

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Why Saskatoon's Real Estate Market Continues to Thrive

As Saskatchewan’s largest city, Saskatoon offers a vibrant and ever-evolving real estate landscape. The city has experienced consistent growth over the years, with a strong demand for housing driven by a diverse population, expanding job market, and an active development scene.

Diverse Inventory Across the City

Saskatoon’s real estate market has something for everyone—from first-time buyers to seasoned investors. Newer neighbourhoods like Brighton, Aspen Ridge, and Kensington are seeing a surge in development. Here, buyers will find a mix of modern townhomes, apartment-style condos, and spacious single-family homes.

Meanwhile, the city’s core areas—including Nutana, Haultain, and City…

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Saskatchewan Real Estate Market Update – March 2025

Surging Sales, Shrinking Supply: A Spring Market Like No Other

March 2025 proved once again that Saskatchewan’s housing market is in a league of its own, defying national trends with strength and consistency. With 1,277 sales across the province, activity was up 8.4% year-over-year and 13.4% above the 10-year average, signaling a bustling early spring market.

Inventory at Record Lows

Despite the uptick in sales, new listings fell 2% compared to March 2024, leaving many regions scrambling for inventory. The total number of homes available sat at 4,023, which is 21% lower than last year and a stunning 47.7% below the 10-year average. This ongoing supply crunch has created some of the tightest…

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