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Market Statistics

MARKET WATCH >> SEPTEMBER 2023

SASKATCHEWAN REPORTS STRONG SEPTEMBER SALES DESPITE LOWEST INVENTORY LEVELS SEEN SINCE 2009 October 5, 2023 For immediate release: Saskatchewan reported 1,295 sales across the province in September, a year-over-year gain of 2.5 per cent and 6.3 per cent above long-term, 10-year averages. While year-to-date sales have eased compared to last year, Saskatchewan continues to report sales well above long-term trends. Supply challenges continued across the province in September, as inventory levels were over 12 per cent lower than levels seen last year and nearly 32 per cent below the 10-year average. As inventories improved in higher-priced properties, much of the inventory decline is once again being driven by homes priced below $400,000, as the more affordable segment of the market remains highly competitive. “As seen in previous months, significant supply challenges continue to persist across Saskatchewan, specifically in the more affordable segment of our housing continuum,” noted Association CEO, [...]

Local Partnership to Provide Energy Efficiency Training for Saskatchewan Real Estate Professionals

October 4, 2023 FOR IMMEDIATE RELEASE: The City of Saskatoon and the Saskatchewan REALTORS® Association (SRA) are pleased to announce a new partnership to provide energy efficiency training for Saskatchewan real estate professionals, delivered by Saskatchewan-based consulting firm Airtight Engineering. The Getting Real About Home Energy program will guide agents through best-practice energy efficiency measures and their benefits - while providing insight into current energy codes and available incentive programs in Saskatchewan. According to the 2023 Canadian Home Builders Association (CHBA) Homebuyer Preference Survey, four of the top ten most desired features are energy-related, with “overall energy efficient home” among the top priorities for prospective homebuyers. “Energy efficiency is something homebuyers are frequently searching for, and we want our members to be confident when discussing this aspect with buyers and sellers. We’re thrilled to partner with the City of Saskatoon and Airtight Engineering to offer additional education to our members [...]

MARKET WATCH >> AUGUST 2023

RECORD SALES IN AUGUST, TIGHTEST MARKET CONDITIONS HEADING INTO SEPTEMBER SINCE 2007 September 6, 2023 For immediate release: Saskatchewan reported a record-high 1,631 sales in August, a year-over-year increase of 11 per cent and nearly 25 per cent above long-term, 10-year averages. Strong August sales were met with a pullback in new listings, contributing to a decrease in inventory levels for the month. As seen in prior months, the inventory decline was largely driven by homes priced below $400,000, as the more affordable segment of the market remains highly competitive. “Saskatchewan is once again reporting strong sales despite ongoing inventory challenges, inflationary pressures, and higher lending rates,” said Association CEO, Chris Guérette. “Higher interest rates are pushing more purchasers to seek out more affordable options in the market, and, as a result, we continue to experience significant supply challenges in the lower price ranges of our market. These persistent [...]

MARKET WATCH >> JULY 2023

STRONG SALES CONTINUE IN JULY DESPITE PERSISTENT INVENTORY CHALLENGES August 3, 2023 For immediate release: Saskatchewan reported 1,560 sales in July, a year-over-year increase of 9 per cent and nearly 13 per cent above long-term, 10-year averages. Much of the increase was driven by property priced below $300,000, as the more affordable segment of the market remains highly competitive. As seen in prior months, inventory levels remain a significant challenge in many areas of the province. Despite a slight increase from last month, inventory levels were 11 per cent below levels seen in the previous year and over 30 per cent below the 10-year average. While inventory challenges continue to impact the more affordable segment of the market, there have been slight inventory gains in properties priced above $300,000. “Higher lending rates continue to impact both buyers and sellers, with many consumers seeking more affordable options in our market,” [...]

MARKET WATCH >> JUNE 2023

SASKATCHEWAN REPORTS STRONG JUNE SALES AS INVENTORY CHALLENGES CONTINUE July 6, 2023 For immediate release: There were 1,691 sales reported across the province in June, a year-over-year decline of six per cent. While year-over-year sales were down, Saskatchewan again reported sales levels well above long-term, 10-year historical averages. As seen in prior months, inventory levels remain a significant challenge in certain regions of the province. Despite a slight increase from last month, inventory levels were nine per cent below levels seen in the previous year and over 30 per cent below the 10-year average. Inventory challenges continue to impact the more affordable segment of the market, with homes priced below $300,000 reporting a 17 per cent decline in inventory in June. “While higher lending rates are impacting sales activity, continued employment growth and Saskatchewan’s relative affordability advantage are preventing a significant pullback in sales,” said Association CEO, Chris Guérette. [...]

STATE OF REAL ESTATE >> REGISTER NOW

We are excited to host the 2nd annual State of Real Estate Conference taking place on September 12, 2023, at the Queensbury Convention Centre in Regina! What can you expect from the conference? We are bringing together industry experts, thought leaders, and passionate individuals to dive into the topics that truly matter to the real estate landscape in our province. As Saskatchewan’s second-largest sector by GDP, real estate plays a pivotal role in driving a thriving and prosperous economy. We have carefully curated sessions that cater to both the residential and commercial real estate market, ensuring there’s something valuable for everyone in attendance. Additionally, we’ll delve into discussions surrounding growth and the future of our province, making this conference an indispensable event for anyone invested in the real estate sector. A preview of confirmed panelists include: MP Scott Aitchison, Shadow Minister of Housing, Diversity and Inclusion Her Worship Sandra [...]