Following a year of unprecedented growth, Regina's residential real estate sector is gearing up for another potentially record-breaking year in 2026. Industry experts point to a powerful combination of sustained demand and critically low supply as the driving forces behind the continued upward pressure on home prices.
A Market Tilted in Favor of Sellers
The Saskatchewan Realtors Association (SRA) reports that 2025 saw the Regina market reach new milestones, with the trend poised to extend into the new year. In March 2025, the average sale price for a detached home in Regina surpassed $400,000 for the first time, according to SRA data tracking back to 2014.
For six months, spanning from March to August, buyers consistently paid above the listed price for detached homes. The peak of this trend occurred in June, when purchases closed at an average of 1.7 per cent above the asking price. This competitive environment was a direct result of a severe shortage of available properties.
Homes spent a remarkably short time on the market, with June setting a new monthly record at an average of just 23 days from listing to final sale. Historically, this timeframe has been approximately double that length, highlighting the intense pace of the 2025 market.
Population Growth Fuels Demand
A key factor contributing to the heightened demand is a significant influx of new residents to Saskatchewan. Provincial government data shows the population grew from 1.23 million at the start of 2024 to 1.26 million by the beginning of 2025. This migration, from other Canadian provinces and internationally, has introduced a steady stream of prospective homebuyers to the Regina market.
Tyler Hudy, Vice-President of Public Affairs and Communications at the SRA, encapsulates the optimistic outlook for sellers. "I think 2026 will be just another one of those years where sellers will benefit from a great combination of buyers wanting to come and call Saskatchewan home," Hudy stated.
The Fundamental Imbalance: Supply vs. Demand
The core issue shaping Regina's real estate landscape is a fundamental economic principle. The rapid population growth has not been matched by a corresponding increase in the number of homes available for sale. To achieve a balanced and healthy market, housing inventory must keep pace with demographic expansion. Currently, the scarcity of listings continues to create bidding wars, which in turn drive final sale prices upward, solidifying the seller's advantage.
As 2026 begins, all indicators suggest that Regina's real estate market will remain a high-velocity, high-demand environment. The combination of persistent low inventory and strong demographic tailwinds positions the city for another year where record prices are not just a possibility, but a probable continuation of the current trajectory.
