Regina Real Estate Statistics (2026)

Regina is the capital city of Saskatchewan and one of the most affordable major housing markets in Canada. Unlike many large Canadian cities where property prices have reached well above $700,000 and even $1 million, Regina still offers relatively affordable homes while maintaining strong demand and a stable economy. 

Regina’s housing market has strengthened considerably in recent years. Low levels of available homes, steady population growth, and strong demand have pushed home prices to record highs in the region. While affordability is still one of Regina’s key advantages, limited supply has created increasingly competitive conditions for buyers. 

Regina Real Estate Statistics for Canadians

• The population of the City of Regina was approximately 226,400 residents in the 2021 Census, while the Regina Census Metropolitan Area (CMA) had around 249,220 residents. 
• Between the 2016 and 2021 Censuses, Regina’s population grew by approximately 5.3%. 
• The average home in Regina cost approximately $358,100 in April 2026. 
• In April 2026, the residential benchmark home price reached $345,700, meaning benchmark prices were around 4% higher than in the previous April. 
• 347 residential sales were recorded in Regina in April 2026. 
• Home sales in 2026 have been around 16% above Regina’s 10-year average. 
• In April 2026, new listings declined by around 8% compared to the year before. 
• Over 560 homes were available for sale at the end of April 2026.
• Saskatoon’s housing market had only 1.6 months of supply, reflecting tight market conditions. 
• Despite price growth, Regina is still one of the most affordable housing markets in Canada. 

Regina Housing Market Overview

Regina is the provincial capital of Saskatchewan and the second largest city in the province. It serves as the administrative, financial, and governmental centre of the province. It is located in the southern part of Saskatchewan and it is an important commercial, transportation, and service hub for the surrounding agricultural region. 

According to Statistics Canada, Regina’s population was 226,404 residents in the 2021 Census, while the broader Regina Census Metropolitan Area had approximately 249,217 residents. Based on more recent population estimates, Regina has around 255,000 residents, reflecting continued population growth driven by interprovincial migration, immigration and a steadily expanding labour force. 

The local economy is supported by governmental services, education, healthcare, agriculture, construction, manufacturing, and energy-related industries. Major employers in the area include the Government of Saskatchewan, the Saskatchewan Health Authority, the University of Regina, and several Crown corporations. Regina is known for its extensive parks, family-friendly neighbourhoods, relatively short commuting times, and lower cost of living compared with many larger cities in Canada. 

These factors have helped maintain stable demand for homes and support one of the most affordable housing markets in the country, even though property prices have continued to rise in recent years. 

Regina House Prices

Over the past several years, Regina has experienced consistent house price growth. According to the latest market statistics, the average home price was around $358,100 in April 2026, which was a 4% increase compared with April 2025 and a 5.3% increase from March 2026. In April 2026, the MLS® benchmark price reached a record high of $345,700, marking the second consecutive monthly record and a yearly increase of roughly 4%. 

Benchmark prices in Regina by property type in April 2026 were approximately: 

• Detached homes: $390,900
• Semi-detached homes: $302,500
• Row and townhouse properties: $277,400
• Condominiums: $224,700

Historical benchmark prices highlight Regina’s housing market price growth over recent years. The benchmark prices below demonstrate the price increases in Regina. 

• April 2015: $269,000
• April 2020: $284,000
• April 2025: $332,500
• April 2026: $345,700

Although prices have increased steadily over the last ten years, with a sharper increase during the pandemic housing boom, Regina is still one of the most affordable urban housing markets in Canada. The combination of limited housing supply and continued population growth has supported record benchmark prices despite higher borrowing costs. 

Regina Real Estate Sales

Sales activity in Regina remains remarkably strong, with 347 residential sales recorded in April 2026. While this was a slight decline compared with the exceptionally strong sales in 2025, sales remained around 16% above Regina’s 10-year average. 

Year-to-date sales in the city have also remained above long-term averages, which demonstrates continued buyer demand despite higher mortgage interest rates. Regina is still one of the busiest housing markets in the province, with only Saskatoon recording a higher level of transactions. 

Detached homes continue to attract the strongest demand, followed by townhouses, while condominium sales in the city have also remained steady. Limited supply has meant that sensibly priced properties often attract multiple offers and sell quickly, especially in popular family neighbourhoods. 

Housing Supply in Regina

The biggest challenge facing Regina’s housing market is its limited number of available homes. In April 2026, new listings declined by around 8% compared to April 2025 and remained 12%below Regina’s 10-year average. At the same time, sales activity has remained strong, resulting in a continuing shortage of homes for purchase. 

At the end of April 2026:

• Homes available for sale: 562
• Conditionally sold listings: approximately 160
• Homes actively available for purchase: approximately 403
• Months of supply: 1.6

The number of homes available for sale in Regina is well below historical levels and continues to favour sellers. The Saskatchewan REALTORS® Association reported that the supply of available homes was nearly 50% below the 10-year average in the province, placing persistent upward pressure on home prices. 

Regina Condo Market Statistics

Condominiums represent an important segment of the region’s housing market, especially for first-time buyers, retirees, and downsizers. The benchmark price for condominiums was around $224,700 in April 2026, making them one of the most affordable ways into homeownership in Regina. 

As the prices of detached homes have continued to rise and placed them out of reach of some buyers, demand for condominiums has risen. With their lower cost, they are still within reach of a wider range of buyers including middle-income households, while many retirees are increasingly choosing bungalow-style condominiums that offer low-maintenance living. 

Regina’s condominium market is significantly more affordable than those in many major Canadian cities and provides a relatively accessible option for buyers looking for lower housing costs. 

Homeownership in Regina

According to the 2021 Census, around 68% of Regina’s households live in owner-occupied homes, which is slightly higher than the Canadian average of 66.5%

Regina’s homeownership rate is similar to Saskatoon (68%), Kitchener (68%), Hamilton (69%), and Windsor (69%), while remaining higher than the GTA (66%), Ottawa (66%), Vancouver (45.5%), and Montreal (41%). It does, however, have a lower homeownership rate than Mississauga (73%), Surrey (73%), and Brampton (76%)

Regina’s relatively low housing prices continue to support strong ownership levels in the city, particularly among first-time buyers and families. Detached homes are the dominant housing type in many neighbourhoods, while continued population growth is expected to keep up the demand for both owner-occupied and rental homes. 

Regina Housing Affordability

Housing affordability is one of Regina’s greatest strengths. While the average home in Regina cost around $358,000 in April 2026, the average prices were around $1.21 million in Greater Vancouver, $839,000 in the Greater Toronto Area, $710,000 in Ottawa. It was also more affordable than Saskatoon, one of the other major housing markets in the province. 

Although rising prices have affected affordability, Regina’s homes remain accessible to many first-time buyers and families. As limited supply and sustained demand keep pushing benchmark prices higher, industry experts have cautioned that maintaining the region’s affordability advantage will require increased constriction to keep pace with population growth and demand.

Regina Real Estate Forecast

Most real estate forecasts expect Regina to remain a seller’s market through 2026, while RE/MAX projects that average residential prices will increase by around 2%, following a 6% rise between 2024 and 2025. Sales activity is expected to remain relatively stable. 

Regina’s continued population growth, limited number of homes for sale, relatively affordable homes, strong rental market, and stable employment opportunities are all expected to support steady demand for homes. Unless supply is increased considerably, Regina is likely to remain one of the strongest sellers’ markets in Canada.