Market Updates

April Sales low but prices reach record highs due to low supply.

Posted on May 05, 2022

With 1,547 sales this month, activity slowed compared to the record high set last April. Despite the slower sales seen in the first four months of this year, it is noteworthy that those 4,873 sales are 30 per cent higher than longer term trends.“While rising lending rates are likely contributing to some of the pullback in sales, another challenge l...

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Supply levels remain low causing continued price increases.

Posted on Apr 06, 2022

Both sales and new listings trended up this month compared to levels seen over the past few months. However, the level of new listings coming onto the market was far lower than levels seen last year and for the 10-year average. This caused the sales to new listings ratio to rise and prevented any notable change to the supply situation. With 5,648 u...

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February sales ease over record levels

Posted on Mar 03, 2022

February sales in the province reached 1,059, an eight per cent decline relative to last year. While the year is starting out with sales that have slowed compared to last year, it is important to note that housing demand continues to remain strong as levels are over 22 per cent higher than what we typically see at the start of the year and nearly 4...

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Supply challenges persist into January

Posted on Feb 03, 2022

New listings in January remained well below traditional levels seen in the market in January. While levels are better than what was recorded in December, it did little to change the inventory situation as inventories remain at the lowest January levels since 2012.January sales in the province reached 748 units, a decline over last year’s elevated l...

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Record high sales in 2021 for Saskatchewan. 

Posted on Jan 07, 2022

Saskatchewan set a housing sales record with 17,387 sales in 2021, a new high which surpassed the previous record in 2007 by 17 per cent. While the pandemic has triggered vast disruptions and challenges for some sectors of the economy, housing boomed.

“Improved savings from those not financially impacted by COVID-19, combined with low lending rates...

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November sales soar as buyers look to get in ahead of potential rate gains.

Posted on Dec 03, 2021

Following a trend of higher sales in 2021 and a slightly slower market pace for the past few months, November recorded sales of 1,361, a new record high for November and over 50 per cent more than long-term averages. The growth in sales were mostly driven by gains in detached, attached and acreage properties. Overall, the province is on track to re...

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