The average house price in Saskatchewan was about 320,912 Canadian dollars in 2024, and according to the forecast, is set to increase in the next two years. However, house price growth in the province is expected to be slower than the national average. In terms of home prices, Saskatchewan is one of the most affordable provinces for housing. Saskatchewan: key factsSaskatchewan is a province located between Alberta and Manitoba north of the Canada-United States border. In 2023, the population of Saskatchewan was over one million, which placed it as the sixth most populous Canada province. However, the population has been on the rise since 2006, so this may change in the future. Future of the housing marketThe number of housing starts in the province has been falling since 2012, which suggests that either supply is outstripping demand or that it’s simply not profitable enough for property developers. Some real estate experts in the region believe that the falling price of oil is causing the housing market slowdown because there are fewer jobs in the region as a result. However, they expect that the market will pick up again in the near future.

Canada House Price Index: New Housing: Prairie Region: Saskatoon data was reported at 109.800 Dec2016=100 in Mar 2025. This records a decrease from the previous number of 110.400 Dec2016=100 for Feb 2025. Canada House Price Index: New Housing: Prairie Region: Saskatoon data is updated monthly, averaging 48.200 Dec2016=100 from Jan 1981 (Median) to Mar 2025, with 531 observations. The data reached an all-time high of 110.400 Dec2016=100 in Feb 2025 and a record low of 33.000 Dec2016=100 in Feb 1981. Canada House Price Index: New Housing: Prairie Region: Saskatoon data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.EB003: House Price Index: Dec2016=100.

Canada House Price Index: Annual: New Housing: Prairie Region: Saskatoon data was reported at 106.792 Dec2016=100 in 2024. This records an increase from the previous number of 106.767 Dec2016=100 for 2023. Canada House Price Index: Annual: New Housing: Prairie Region: Saskatoon data is updated yearly, averaging 48.788 Dec2016=100 from Dec 1981 (Median) to 2024, with 44 observations. The data reached an all-time high of 108.000 Dec2016=100 in 2022 and a record low of 34.567 Dec2016=100 in 1984. Canada House Price Index: Annual: New Housing: Prairie Region: Saskatoon data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.EB004: House Price Index: Dec2016=100: Annual.