Saskatoon Real Estate Statistics (2026)

In recent years, Saskatoon has emerged as one of the strongest performing housing markets in Canada. It is the largest city in Saskatchewan, combining relatively affordable housing with strong population growth, a growing economy, and a diversified employment base centred on healthcare, education, technology, resource, and agricultural industries. 

Unlike many larger housing markets in Canada that experienced considerable slowdowns following the higher interest rates, Saskatoon’s housing market has remained remarkably resilient. Limited availability of homes, strong demand, and continued population growth have helped increase prices to record levels while keeping the market a seller’s market. 

Saskatoon Real Estate Statistics for Canadians

• The City of Saskatoon’s population was around 266,140 residents according to the 2021 Census, while the population of the Saskatoon Census Metropolitan Area (CMA) was approximately 317,480 residents. 
• The population of Saskatoon grew by around 8% between the 2016 and 2021 Censuses. 
• In April 2026, the average home price in Saskatoon was approximately $451,100.
• Average home prices in April 2026 were approximately 8% higher than the year before. 
• The benchmark home price was approximately $433,200 in April 2026, which was close to the record price reached in March 2026.
• The benchmark price for detached homes in Saskatoon was approximately $501,100 in April 2026, and around $359,400 for townhouses and $264,500 for condominiums. 
• In April 2026, Saskatoon recorded 450 residential sales, which was around 12% higher than the 10-year average. 
• Months of supply in the region were below two months for most of 2025 and into 2026. 
• In early 2026, the number of homes available for sale was more than 50% below historical levels. 
• A significant proportion of homes have continued to sell at or above the asking price during periods of strong demand. 
• Despite price increases, Saskatoon remains one of the most affordable major housing markets in Canada. 

Saskatoon Housing Market Overview

Saskatoon is the largest city in Saskatchewan and serves as the economic, educational, and cultural centre for the province. It is located in central Saskatchewan on the South Saskatchewan River, and it is widely regarded as the commercial hub for the province and a major centre for research, business, and innovation across the Canadian Prairie provinces. 

The City of Saskatoon had a population of 266,141 residents according to the 2021 census, with the broader metropolitan area reaching approximately 317,480 residents. More recent estimates place Saskatoon’s population in the region of 295,000 residents, which reflects continued growth driven by natural population increases, immigration, and interprovincial migration. 

Saskatoon’s economy is supported by mining, agriculture, manufacturing, healthcare, education, technology, and finance. Major employers in the area include the Saskatchewan Health Authority, the University of Saskatchewan, and numerous businesses connected to natural resources and agriculture. Saskatoon is also known for its river valley parks, vibrant arts and cultural scene, expanding technology sector, and relatively affordable cost of living. These factors make it an attractive destination for families, students, and professionals alike. 

In recent years, Saskatoon has gained national attention for its combination of strong housing market performance and relative affordability. While many large Canadian housing markets have experienced significant price corrections, Saskatoon has continued record-breaking price growth due to its limited housing supply and sustained demand. 

Saskatoon House Prices

Saskatoon’s housing market has seen steady price growth over the last several years. According to recent market data, the average home price in Saskatoon reached around $451,089 in April 2026. This represented an increase of 8% since April 2025. 

The residential benchmark house price, which reflects the value of a typical home, was $433,200 in April 2026, coming down slightly since the record high of $435,200 recorded in March 2026. In April, the benchmark prices by property type were approximately: 

• Detached homes: $501,100
• Row and townhouse properties: $359,400
• Condominiums: $264,500

Property values in Saskatoon have increased significantly over the last ten years. In 2015, the average home price was around $330,000, before rising steadily as housing demand and population growth accelerated.

Unlike many other Canadian housing markets, Saskatoon saw only a modest slowdown in prices following higher interest rates, with prices resuming growth relatively fast due to limited housing supply and strong demand. Despite achieving record benchmark prices in early 2026, Saskatoon continues to offer relatively affordable homes by Canadian standards. 

Saskatoon Real Estate Sales

Sales activity in Saskatoon continues to be exceptionally strong. In March 2026, 388 residential sales were recorded in the region, with activity accelerated further in April as the spring housing market gathered momentum. In April 2026, the city recorded 450 residential sales, which was 2% higher than in April 2025 and 12% higher than the 10-year average. Year-to-date sales were around 8% higher than long-term averages despite a limited number of homes available for purchase. 

During one representative week in May 2026, the following sales were recorded in Saskatoon: 

• 114 properties sold
• 70 detached homes sold
• 18 townhouses sold
• 22  condominiums sold
• Average sale price: $464,710

Saskatoon’s sales activity continues to outperform many Canadian housing markets despite higher interest rates. The city’s strong population growth, sustained demand, and relatively affordable homes have helped keep transaction numbers well above historical norms. 

Housing Supply in Saskatoon

The biggest challenge for the Saskatoon housing market is the limited number of homes available for sale. Market conditions have remained tight throughout 2025 and the first half of 2025, with the Saskatchewan REALTORS® Association reporting that the supply of available homes was more than 50% below historical averages in early 2026. 

At the end of April 2026, the market had just 1.95 months of supply, meaning it was a strong sellers’ market. A month earlier, the city recorded 638 active listings and 555 new listings, with only 1.64 months of supply. 

The situation was similarly tight throughout 2025. In April 2025, 412 homes were available for sale, which was 23% lower than in the previous April. These persistently low levels of available homes continue to support competition between buyers and increase house prices. 

Saskatoon Condo Market Statistics

Condominiums continue to offer buyers one of the most affordable housing options in Saskatoon. In April 2026, the benchmark price for a condominium reached approximately $264,500, reflecting continued buyer demand despite higher interest rates. 

Benchmark condominium prices in recent months were:

• October 2025: $263,300
• November 2025: $258,700
• February 2026: $252,700
• March 2026: $261,200
• April 2026: $264,500

Although condominium prices have experienced modest fluctuations from month to month, the overall trend remains positive. Condominiums continue to appeal to downsizers, first-time buyers, students, and investors looking for more affordable properties in the Saskatoon housing market. 

Homeownership in Saskatoon

According to the 2021 Census, around 68% of Saskatoon’s households lived in owner-occupied homes, slightly above the national average of 66.5%. 

The homeownership rate in Saskatoon is similar to Kitchener (68%), Hamilton (69%), and Windsor (69%), while being slightly higher than in the GTA (66%) and Ottawa (66%) and considerably higher than in Montreal (41%) and Vancouver (45.5%). It has a lower homeownership rate than in Mississauga (73%), Brampton (76%), and Surrey (73%).

Saskatoon Housing Affordability

Housing affordability is one of Saskatoon’s greatest strengths. While home prices have grown significantly in recent years, the city remains one of the most affordable major housing markets in Canada. 

The average home in Saskatoon cost approximately $451,089 in April 2026, compared to approximately $1.21 million in Vancouver, $839,000 in the GTA, $890,000 in Victoria, $710,000 in Ottawa, and $565,000 in Calgary. Saskatoon’s lower prices continue to make homeownership more attainable for a wider range of buyers than in many of Canada’s largest urban centres. 

However, affordability is changing in Saskatoon, and the Saskatchewan REALTORS® Association has warned that limited housing supply is driving prices up faster than many buyers expect. 

Saskatoon Real Estate Forecast

Most real estate forecasts expect Saskatoon to remain one of the strongest housing markets in Canada. RE/MAX has projected that average residential home prices would increase by around 5% during 2026, while home sales are also projected to rise modestly. 

Continued natural population growth, immigration, strong employment prospects, relatively affordable residential properties, and a limited number of available homes are expected to support market activity. Unless construction of new homes increases significantly, most analysts anticipate that Saskatoon will stay as a seller’s market, with demand continuing to exceed supply.