August in Saskatoon's real estate market saw another record breaking month for what, the 27th month in a row? Yes, again.
While we saw the listings dip slightly compared to last August, and sales dip as well as a result, the market remains to be depleted with inventory compared to the 10 year average. Now, I know I sound like a broken record but the fact of the matter is that our population has not decreased, so the demand is still strong.
The benchmark price reached another all time high of $435,900 which is up from $432,700 in July. So if you bought a home at the beginning of the year, congratulations you may have already built up some equity. Not all properties and not all communities are seeing equal growth and it is important to keep in mind that your home is not the same as your neighbours. There was actually a decrease in sales and listings for all property types except detached homes, showing the demand for single family detached homes remains strong.
Needless to say, those sitting on the sidelines waiting for a drastic decrease in price or waiting for mortgages to default, shouldn't try holding their breath underwater for any amount of time. The reality is that Saskatchewan, despite the world's current political and economic climate, is resilient. The
number of defaulting mortgages in Sasktchewan in Q2 were the highest in Canada, however the overall number remains realtively low, at 0.54%. With an anticipated rate reduction this month, it will hopefully continue to provide much needed relief for those with vairable rates.
Take a look below at some of the data from August, and if you're curious to know about your neighborhood please reach out-I would love to chat!
Saskatoon Real Estate FAQ – August 2025
Q: What is the average home price in Saskatoon in August 2025?
A: The benchmark price for Saskatoon homes in August 2025 was $435,900, up 7.7% year-over-year. Detached homes averaged just over $501,800, while apartments averaged $263,700.
Q: How fast are homes selling in Saskatoon right now?
A: The average days on market (DOM) in August 2025 was 27 days. This is up just a tick from the 26 DOM in July. Detached homes, especially in high-demand neighborhoods, often sold in under three weeks.
Q: Is Saskatoon a buyer’s or seller’s market in 2025?
A: With just 2 months of supply, Saskatoon remains a seller’s market. Low inventory and steady demand are pushing prices upward.
Q: Will Saskatoon home prices drop in 2026?
A: Current forecasts suggest prices will remain stable or see moderate growth in 2026. Strong population growth and a resilient provincial economy are expected to support ongoing demand.
Q: Is Saskatoon real estate a good investment?
A: Yes. Compared to larger Canadian cities, Saskatoon offers more affordable housing, strong population growth, and a promising economic outlook. These fundamentals make Saskatoon real estate a solid long-term investment. Of course, each situation and home is different so it is crucial to discuss your situation with an experience Realtor®.
