Saskatchewan’s housing market is outperforming national trends, showing notable strength despite broader economic uncertainty and challenges like potential tariffs. According to the latest data from the Saskatchewan Realtors Association (SRA), the province recorded 1,277 home sales in March—an 8% increase compared to last year and 13% above the 10-year average. This growth highlights Saskatchewan's resilience at a time when many other Canadian markets are seeing stagnation or decline.

A major factor behind this robust performance is the widening gap between demand and available housing supply. While inventory levels saw a slight monthly increase from February to March, they remain significantly low—down 21% year-over-year and 50% below the 10-year average. The shortage is especially pronounced in Saskatoon and Regina, where housing supply is nearing historic lows. Saskatoon had less than one month of inventory heading into April, while Regina wasn’t far behind, both well under what's considered a balanced market.

This imbalance is pushing home prices higher across the province. Saskatchewan's benchmark home price reached $353,600 in March, reflecting a $9,000 increase from the previous month and over 6% growth year-over-year. Saskatoon set a new record with a benchmark price of $415,900, marking a $25,000 annual jump. Regina’s prices also continued climbing, nearing all-time highs at $326,300.

Overall, the combination of high demand, low supply, and rising prices paints a picture of a dynamic and competitive housing market in Saskatchewan, standing in stark contrast to trends seen in many other regions of Canada.