Saskatoon Housing Market: Home Prices | August 2026

Saskatoon’s resale figures come from the Saskatchewan REALTORS Association (SRA), which publishes a short provincial release and, separately, a detailed report for the City of Saskatoon with benchmarks, averages, sales and inventory by home type. Everything below is from the SRA’s August 2026 city report, released in September 2026. Regina has its own report from the same association; the housing market overview explains how a benchmark differs from an average.

Saskatoon home prices, August 2026

The MLS® HPI composite benchmark, the estimated price of a typical Saskatoon home, was $444,700, up 2.8% on a year earlier and a little below July’s $447,600. Half of the month’s sales closed at or under the median of $435,150 (up 2.4% on the year), and the average of all 446 sales was $463,480.

SRA, City of Saskatoon, August 2026. Year-over-year changes rounded to whole percents as the SRA’s table gives them.

One quirk of the Saskatoon index: the semi-detached benchmark sits above the detached one. The SRA’s benchmark semi was built in 2013, its benchmark detached house in 1980, so the index is pricing a newer semi against an older house rather than saying a semi costs more than a comparable detached home. Semis that actually sold averaged less than detached houses did. An apartment’s benchmark is 51% of a detached house’s. The composite benchmark home itself has 1,161 square feet above ground and dates from 1990; detached houses have made up 59% of Saskatoon sales over the past three years, which is why they weigh most in that composite.

Sales, listings and months of supply

Months of supply = units available / sales, computed here; the SRA’s report gives the same figures.

Year over year, new listings changed +12.3% and sales −0.9%, so sales came to 61.1% of new listings, inside CREA’s 45% to 65% balanced range. Supply tells a tighter story. Of the 965 units the SRA counted at month end, 239 were already conditionally sold, leaving 726 truly available, or 1.63 months of sales by the SRA’s count. Even the full figure is below the 3.6 months under which CREA calls a market a seller’s market, and inventory was 38% below the August average of the past decade. Homes sold in 28 days on average, at 99.6% of the list price.

What buying in Saskatoon costs

Saskatchewan charges no land transfer tax. The province’s land registry, run by ISC, instead takes 0.4% of the value to transfer a title: $1,779 at the Saskatoon benchmark. Registering the mortgage adds $275, the registry’s fee for a mortgage of $250,000 to $500,000; the Saskatchewan fee page has the full schedule.

With the smallest down payment allowed, $22,235 on a benchmark-priced home, the buyer needs default insurance, and its premium of $16,899 (4.00% of the loan) is added to the mortgage, which then totals $439,364.

City property tax is a mill rate applied to a taxable assessment that is 80% of the assessed value. For 2026, Saskatoon’s combined city and library rate is 10.0051 mills with a residential factor of 0.8809, and the provincial education rate is 4.27 mills. A home assessed at the benchmark price would owe about $3,135 to the city and library and $1,519 in education tax, $4,655 a year in all. Assessments are set as of a base date (January 1, 2023 for the current cycle), so a home’s assessed value is usually not its sale price.

Income needed against Saskatoon incomes

Carrying the benchmark home with minimum down takes a household income of about $102,900, or $89,300 with 20% down (method). The Saskatoon metro area’s median household income in the 2021 Census was $89,000 (income year 2020), so the minimum-down figure is 16% above that median. For the same month the Saskatoon benchmark was 27% above Regina’s $348,900, yet Regina’s census median household income, $90,000, was 1% above Saskatoon’s: the capital buys more house per dollar earned.

Related pages

• Regina housing market
• Saskatchewan housing market
• Saskatoon rental market
• Average income in Saskatoon