Regina residents are facing record-high home prices as a severe shortage of available properties continues to shrink the local housing market. In March 2026, the benchmark price for a home in the city climbed to a record $343,700, according to data from the Saskatchewan REALTORS® Association.
The price increase is driven by a lack of homes for sale rather than a sudden spike in buyer interest. Heading into April, there were only 341 active properties on the market in Regina, representing just 1.7 months of supply. This is more than 60 percent below the typical levels seen at this time of year.
While many parts of Canada are seeing sales slow down and inventory grow, Regina continues to experience the opposite. Last month, there were 313 residential sales in the city, which is 5 percent higher than this time last year and 16 percent above the 10-year average. New listings, meanwhile, have dropped by more than 20 percent compared to the 10-year average, creating intense competition for available homes. Move-in-ready properties are frequently attracting multiple offers, with many selling quickly.
Industry experts note that several factors are compounding the supply issue, including rising construction costs and a lack of building capacity to keep up with regional growth. In response to the shortage, the federal and provincial governments announced a $25.9 million joint investment on April 13, 2026. This funding will support new water and wastewater projects in Regina, Saskatoon, and Moose Jaw, which are expected to eventually enable the construction of up to 29,370 new housing units.
