Median house prices in Saskatchewan 2018-2020

The average house price in Saskatchewan was 2020 is forecasted to be 281,100 Canadian dollars, down from 286,700 in 2018. This trend mirrors the overall trend in the Canadian housing market.

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 less jobs in the region as a result. However, they expect that the market will pick up again in the near future.

Median house prices in Saskatchewan from 2018 to 2020

Price in Canadian dollars
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Source

Release date

December 2019

Region

Canada

Survey time period

2018

Supplementary notes

*Forecast.

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