Average house price in Saskatchewan, Canada 2018-2023, with a forecast by 2025

The average house price in Saskatchewan was about 301,352 Canadian dollars in 2023, 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 facts

Saskatchewan is a province located between Alberta and Manitoba north of the Canada-United States border. In 2018, 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 market

The 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.