Jared Boyes - Boyes Group Realty Inc.

02/06/2025

SASKATCHEWAN HOUSING MARKET OFF TO A STRONG START IN 2025

February 6, 2025
FOR IMMEDIATE RELEASE:

Saskatchewan’s housing market is off to a strong start in 2025, with 782 sales across the province in January—up one percent year-over-year and over 17 percent above 10-year averages. Strong January sales led to the nineteenth consecutive month of above-average sales in the province, a streak of robust sales that dates back to June 2023.

New listings declined by two percent year-over-year and were down nearly 28 percent compared to long-term averages. Declining new listings continue to be met with strong demand, which failed to provide any supply relief to begin the new year.

Inventory levels were down 19 percent year-over-year and currently sit over 44 percent below the 10-year average, with over 600 fewer units available than this time last year. Notably, of the 3,925 available units reported at month’s end, over 700 had already accepted a conditional offer and are set to leave the market once those transactions close.

“While market activity in the coming months will provide a clearer picture of trends for 2025, monthly sales figures continue to outperform expectations,” said Association CEO, Chris Guérette. “We’re picking up right where we left off after a near-record 2024.”

Tighter market conditions continue to place upward pressure on home prices across the province, as Saskatchewan reported a residential benchmark of $342,600 in January - up from $337,800 in December and nearly seven percent higher than January 2024.

“Until recently, Saskatchewan was braced for another strong year in 2025. That outlook has become less certain given the threat of tariffs, coupled with potential Canadian retaliation and uncertainty with the Bank of Canada,” said Guérette. “We’ll be keeping a close eye on these external factors and their potential implications on Saskatchewan’s housing market in 2025.”

# # #

Regional Highlights
The Regina-Moose Mountain, Saskatoon-Biggar, and Swift Current-Moose Jaw regions all reported monthly sales that well outpaced historical averages—leading the province to a nineteenth consecutive month of above-average sales. While market activity in the coming months will provide a clearer picture of trends for 2025, there continues to be significant demand for housing despite limited inventory in many markets across the province.

The Regina-Moose Mountain region (down 27 percent) saw the largest year-over-year inventory decline in January, while the Saskatoon-Biggar region is again reporting the tightest market conditions across the province.

Price Trends
Significant demand and persistent inventory challenges continue to drive price gains throughout the province—with all areas of the province reporting year-over-year price gains in January.

The City of Moose Jaw led the way in year-over-year price growth for the sixth consecutive month, with prices over 15 percent higher than January 2024. Other notable gains include the cities of Melfort (12.3 percent), Humboldt (11.5) and Prince Albert (8.3).

City of Regina
Following a record-breaking sales year in 2024, the City of Regina reported 172 sales in January, down four percent year-over-year but 17 percent above long-term, 10-year trends.

There were 279 new listings across the Queen City in January, down 10 percent year-over-year and nearly 22 percent below historical averages. As a result, inventory levels remain nearly 50 percent below the 10-year average. At month’s end, just 537 were units available on market, down nearly 225 units from this time last year.

Regina's residential benchmark price was $316,300 in January, up from $313,400 in December and over five percent higher than January 2024.

City of Saskatoon
The City of Saskatoon reported 253 home sales in January, a year-over-year increase of over 3 percent and the second-strongest January on record.

Despite a surge in new listings, Saskatoon’s months of supply remains under 2.5 months, with inventory levels down 15 percent year-over-year and over 50 percent below long-term trends. Notably, less than 450 of the 618 available units at month’s end were not already conditionally sold.

Saskatoon reported a benchmark price of $403,400 in January, up from $395,300 in December and over seven percent higher than January 2024.

Send a message to learn more

01/28/2025

NEW LISTING!!! Welcome to 354 McArthur Cres. located in Kensington. This beautiful home sits on a 10,000.00 square foot plus lot which is one of the only ones you will find in the area. Striking street appeal from the moment you pull up which includes a stamped concrete front yard, with planter areas, a mix of stucco, stone, siding, and metal siding, and front deck which is going to feature a beautiful pergola. This home is full of upgrades! Upgraded foundation, 2x8 construction, Spray foamed ceiling, Industrial style railing, 8 foot doors, full vinyl fence, and a powered blind system, and central air conditioning just to name a few. When entering you are greeted with an open concept layout featuring a large family room with floor to ceiling windows, and an electric fire place. The kitchen is a focal point of the home featuring a massive island, tiled backsplash, updated appliances, and a good amount of cabinet space. There is a coffee bar station off of the dining room for even more flexibility. The primary bedroom is also full of windows with powered blinds. It comes with a beautiful 5 piece ensuite and large walk in closet. Additionally there are two bedrooms, and a 4 piece washroom on the main. The basement comes complete with a large family room with tons of space and light! The laundry and mechanical room are also located in the basement. There is a separate entry for future 2 bedroom legal suite. It has been framed out and most electrical has already been completed in this party of the basement. The home sits on a 10,000 plus square foot lot that has been fully fenced. There is a 34 by 27-6" engineered garage pad that has already been poured. If you are looking for a one of a kind home that has seen a long list of upgrades, this could be the one for you!

MLS SK993648
$654,900.00
306-202-6103
Link in comments

01/22/2025

NEW LISTING!!! Stunning 2,481 sq/ft custom Jaylin Home on a large pie-shaped lot with views of Lamb Park. Features include:Oversized heated triple garage with upgraded doors and ceiling fan, 9’ ceilings on main & basement levels, 8’ doors throughout, Designer finishes: upgraded laminate, ceramic tile, and lighting, Luxurious ensuite with heated floors, tile shower, stand-alone tub, and bidet seat, Gourmet kitchen with oversized quartz island, upgraded appliances, and custom under-cabinet lighting, Spacious master suite with walk-in closet and feature walls throughout, Triple-glazed windows, upgraded black exterior package, and extra windows facing the park Central A/C, high-efficiency furnace, and Nest thermostat, Second-level laundry with LG laundry tower, Two covered Trex decks (one with BBQ gas hookup), concrete driveway, and landscaping included at front. Fully finished basement with 2-bedroom legal suite, bonus room for primary residents, and upgraded fixtures, Designer details throughout including decorative beams, gas fireplace with rock surround, and custom closet shelving, Energy-efficient insulation and mechanical upgrades A perfect blend of luxury, function, and style in a prime location!

MLS SK993323
$1,179,900.00
Link in comments
306-202-6103

01/13/2025

NOW COMPLETE!!! A brand new build by Bright Homes Construction. This 1440 square foot bi level has so much to offer. A double concrete driveway, along with vinyl siding and stone work provides great street appeal. When entering, you are greeted with a large entry way featuring tile flooring, and a good sized closet for storage. Leading up to the main floor you will notice the abundance of natural light through all the windows, and will enjoy the open concept layout. The kitchen is a dream. Floor to ceiling cabinetry, a full set of stainless steel appliances, and a large island makes this space a focal point of the home. Off of the kitchen is the dining area which has access to the back yard. The family room features a large south facing window, and an electric fireplace which is perfect for entertaining. There are 3 good sized bedrooms on the main floor. The two spare rooms both have awesome closets with built in shelving and cabinetry. The primary bedroom has a walk in closet with tons of storage, and a beautiful 5 piece en suite featuring a stand up tiled shower, soaker tub, and a double vanity. An additional 4 piece washroom featuring tiled tub/shower surround, and tiled flooring is also located on the main floor. For convenience, this home comes with stackable laundry which is also located on the main. The basement is open for development. Additional features of the home include a poured concrete driveway, fully insulated and boarded garage, full set of appliances, deck with aluminum railing and maintenance free decking, and so much more.

01/13/2025

NEW LISTING!!! Welcome to 1508 Isabella Street, ideally located directly across from the park. This charming home features three well-appointed bedrooms on the main floor, complemented by a spacious kitchen and dining area filled with natural light from numerous new windows. The main floor includes a 4-piece bathroom. Additionally, the property offers a separate entrance leading to a fully self contained 2-bedroom legal suite in the basement. This suite boasts ample storage and a convenient laundry area in the common space, along with a well-equipped kitchen and a spacious living room that benefits from generous window placement. The home is complemented by a double detached tandem garage, ample parking in the driveway, alley access, and central air conditioning, ensuring both comfort and convenience.

MLS SK992732
$429,900.00
306-202-6103

01/07/2025

This 3 storey home built by Vox developments comes with many features you won't find anywhere else. A decorative mix of exterior finishes including hardy board, board and batten and cedar with a raised elevation makes this home very appealing the from the moment you pull up. When entering you are greeted with 9 foot coffered ceilings, a large family room, and a huge window overlooking the front yard. Off of the family room is the dining area which leads into the kitchen. the kitchen has tons of cupboard and counter space. Superior cabinetry, quartz counters, and a butcher block island make this a focal point of the home. There is a mud room off the back entry with built in shelving and a bench. There is also a 2 piece washroom on the main floor. The second level has 3 bedroom with the primary having a 4 piece ensuite with walk in closet and access to its own balcony/deck. Two additional bedrooms and a 4 piece washroom finish off the space. The 3rd level has a ton of space. A large family room, room for a games area, and a office/bedroom make this 3rd level very functional and provides great separation. The basement is fully finished with an additional family room, bedroom, and 4 piece washroom. Also has a good amount of storage. The south facing back yard comes with a beautiful deck and privacy wall, landscaped yard, and double detached garage with high ceilings. This home is very close in terms of proximity to the U of S, Downtown, and beautiful parks within the neighborhood. Don't miss out on this amazing opportunity which does not come along very often!

SK990507
$829,900.00

01/07/2025

City of Saskatoon
The City of Saskatoon reported 256 home sales in December, a year-over-year increase of over 12 percent and nearly 20 percent above the 10-year average. With 5,035 annual sales, 2024 marked the second-strongest year on record in the Bridge City, up over eight percent compared to 2023.

At year-end, there were only 555 available units, as inventory levels declined by 25 percent year over year and are nearly 50 percent below historical averages. With only 2.17 months of supply to end the year, Saskatoon’s inventory levels are near record lows for this time of year.

Saskatoon reported a benchmark price of $395,300 in December, down slightly from $398,800 in November, reflecting typical seasonal trends. However, the benchmark price remains over seven percent higher than in December 2023, as tight market conditions continue to drive price gains in Saskatchewan’s largest urban centre.

Send a message to learn more

12/09/2024

NEW LISTING! This beautiful semi detached home has so much to offer. Fully developed inside and out, there is nothing left to do before you move in. When entering you are greeted with a good sized entry way. Off of the entry way, you have a flex area currently being used as an office. This room provides flexibility as it could be used as a separate family room, converted to a bedroom, or an office space. Leading to the back of the home you have the dining area, a family sitting area, and a nice bright kitchen featuring quartz counters, plenty of cupboard and counter space, and a full set of stainless steel appliances. The second level features two bedrooms with each having its own en-suites. The primary room has a good amount of space, 4 piece en-suite, and walk in closet. The second bedroom also comes with a 4 piece en-suite. Laundry is located on the second floor. The basement is fully finished and features a 3rd befroom, games area, 3 piece washroom with tiled flooring, and a large family room for entertaining. The mechanical room has room for storage! The back yard is beautiful and requires little maintenance. A large deck, and maintenance free grass, makes this the perfect space for entertaining. To finish off the back yard you have a double detached garage. This home comes with central air conditioning, underground sprinklers in the front only, access to all amenities that Brighton has to offer within minutes of your front door! Don't miss out on this awesome opportunity to get into a fully developed home for under 500K!

MLS SK990370
$479,900.00
306-202-6103
Link in comments

11/06/2024

NEW LISTING!!! Welcome to lot 47 & 49 Procter Drive located at Blackstrap Shields! This property comes with so much opportunity and options, its something you do not want to miss. Lot 47 consists of 77 feet of lakefront property, and comes with an inground heated swimming pool. Lot 49 has 60 feet of lakefront property, and comes with a 3 season cabin that has seen many upgrades over the years! These two lots must be sold together! The property consists of a single detached garage/shed which includes a washroom, laundry room, pool equipment, forced air furnace, and storage space. The cabin situated on lot 49 is beautiful. Vaulted wood ceilings, large floor to ceiling windows overlooking the lake and endless amounts of natural light are just a few features you will notice right away. The cabin has two bedrooms, a 4 piece washroom, and a loft area which can serve as another bedroom. Updated kitchen with superior cabinets, stone countertops, and a good amount of cupboard and counter space. Newer flooring throughout the cabin, a wood burning fireplace, Ac wall unit, and the list goes on! Outside you have a wrap around deck which views that can't be beat, and 18 zones of underground sprinklers. This property has so much opportunity. Beautiful 3 season cabin, re development opportunities, and the list goes on. Updates include pool liner (9years old), pool pump (2years old). Don't miss out on this amazing opportunity!

MLS SK987662
$549,900.00
306-202-6103
Link in comments

11/06/2024

NEW LISTING!!! Welcome to The View on 5th Ave. Located on the 12th floor with river views, this 1 bedroom, 1 bathroom condo has plenty to offer. The unit has had many renos over the years. The large family room features tile flooring, south facing patio door which leads onto the balcony. From the balcony you can enjoy the city skyline and river views that comes with. The kitchen features stone counter tops, maple cabinetry, and has plenty of cupboard and counter space. There is a 4 piece washroom, and a good sized bedroom which comes with new laminate flooring. This unit comes with in suite laundry which includes a combo washer/dryer. The building comes with an amenities room, exercise area, and a roof top patio. This unit also comes with 1 surface parking stall. Affordable condo in downtown Saskatoon, with easy access to the University, hospitals, and all businesses. Don't miss out on this affordable opportunity.

$229,900.00
MLS SK987527
306-202-6103
Link in comments

11/06/2024

This 955 square foot bungalow is located on a quiet part of the street and just steps away from green space. When entering you have a good sized family room featuring hardwood flooring and a large west facing window overlooking the front yard allowing tons of natural light. Off of the living room is the kitchen which features a good amount of cupboard and counter space, and has access to the backyard and deck. The main floor also features 3 good sized bedrooms, and a 4 piece washroom. The basement comes fully developed with an additional bedroom, 2 piece bathroom, large family room, plenty of storage, and a wet bar. Outside you have a large two tiered back yard, deck for entertaining, and a storage area. Additional features include central air conditioning, double driveway for offstreet parking, central vac, and newer windows. Great opportunity for someone looking for an affordable home with some potential.

11/06/2024

This home has so much to offer. Starting with location, and backing Caroline Robins School and park, along with plenty of off street parking located in the front. When entering, there is a good sized entry which leads into the family room. The family room has plenty of space, and has a large south facing window overlooking the front yard. Off of the family area is the dining area which leads into the kitchen. The kitchen has tons of cabinetry and counter space, full set of appliance, and a island/desk area with addition storage and counter space. Stackable laundry is located off of the back entry for the main floor. Down the hall you bave 3 good sized bedrooms, a 2 piece washroom located in the primary bedroom, and an additional 4 piece washroom as well. A separate entry leads into the basement. The basement comes with a 1 bedroom suite featuring a large family room with good ceiling height, large kitchen, bedroom, and a 3 piece bathroom. The basement also has separate laundry, and storage area. The back yard has tons of privacy and as mentioned backs the park and school. There is a concrete patio area as well which can be used for seating and a bbq area. Don't miss out on this great home and opportunity.