Regina Housing Market | 2026

Average home prices in Regina

Regina is consistently one of Canada’s most affordable major city housing markets. These are the approximate average home prices in Regina by property type based on the latest available data:

Regina’s prices reflect its position as one of the most accessible homeownership markets in urban Canada. A detached home in Regina costs less than a condo apartment in Toronto or Vancouver.

Regina market metrics

Key market indicators for Regina:

Regina’s prices tend to run slightly below the provincial benchmark, as Saskatoon has seen somewhat stronger growth in recent years. Both cities remain firmly in the affordable tier of Canadian real estate.

How much income would it take to afford a home in Regina?

This table shows how much household income it would take to afford a home based on estimated Regina home prices.

Regina may be the most accessible major city in Canada for homeownership. A household earning approximately $92,000 can afford the average detached home — less than half the income required in Toronto and roughly a third of what’s needed in Vancouver. Condominiums are accessible to households earning under $58,000.

The income to afford calculation uses the following inputs:

• Down payment of 20% to avoid mortgage default insurance
• Mortgage rate of 4.04%
• Amortization period of 25 years
• Gross debt service (GDS) ratio of 32%
• Property tax of $354 per month
• Heating costs of $200 per month (higher due to Saskatchewan winters)

Key trends in the Regina housing market

Government employment anchor

As Saskatchewan’s capital city, Regina benefits from the stability of provincial government employment. This creates a reliable base of well-paying jobs that supports housing demand through economic cycles. Major employers include the Government of Saskatchewan, SaskPower, SaskEnergy, SaskTel, SGI, and the Saskatchewan Government Insurance Corporation.

Energy and agriculture

Regina’s economy is closely linked to Saskatchewan’s two major resource sectors: oil and gas, and agriculture. The city is a hub for agricultural services and processing, with companies like Viterra, Richardson International, and Brandt Group headquartered or significantly represented in the region. Oil production in southern Saskatchewan supports employment and economic activity.

Interprovincial migration

Like the rest of the Prairie provinces, Regina has benefited from interprovincial migration from more expensive provinces. The affordability gap between Regina and cities like Toronto and Vancouver is so large that it represents one of the most compelling value propositions in Canadian real estate.

Steady population growth

Regina’s population has grown steadily, driven by immigration and interprovincial migration. The Saskatchewan Immigrant Nominee Program (SINP) has been a significant contributor, bringing skilled workers and their families to the province. This population growth provides sustained demand for housing.

New development in the south and east

Regina has seen significant new development in its southeastern and southern communities. The Harbour Landing neighbourhood, in particular, has experienced rapid growth with new retail, residential, and commercial development. This new construction helps keep prices moderate by providing adequate supply.

Notable areas in Regina

Regina is a compact city with distinct neighbourhood characters:

• Cathedral — One of Regina’s most desirable central neighbourhoods with character homes, independent shops, and a bohemian vibe along 13th Avenue. Detached homes range from $250,000 to $450,000.
• The Crescents — Regina’s most prestigious residential area with large character homes near Wascana Park. Prices range from $400,000 to $700,000+.
• Lakeview — An established neighbourhood bordering Wascana Lake with family-friendly streets and mature trees. Detached homes range from $300,000 to $500,000.
• Harbour Landing — Regina’s newest and fastest-growing community in the southwest with modern homes, retail, and amenities. Homes range from $300,000 to $500,000.
• Albert Park and Whitmore Park — Established south-side neighbourhoods with moderate pricing. Detached homes range from $250,000 to $400,000.
• Eastview and Uplands — Newer communities on the east side offering good value for families. Homes range from $300,000 to $450,000.
• Walsh Acres and Normanview — Northwest neighbourhoods offering some of the most affordable detached homes in the city, ranging from $200,000 to $350,000.
• Downtown — A compact core with condo options ranging from $100,000 to $250,000, offering the most affordable entry point.

Affordability comparison: Regina vs. other major cities

Regina’s affordability advantage is among the strongest in Canada:

Regina arguably offers the highest homeownership accessibility of any major Canadian city, with the lowest average home prices and income requirements. This makes it an especially attractive option for first-time buyers and newcomers to Canada.

Saskatchewan property transfer considerations

Saskatchewan does not have a traditional land transfer tax like Ontario or BC. Instead, buyers pay relatively modest fees:

• Title transfer fee — A nominal fee based on property value, significantly lower than land transfer taxes in other provinces
• No provincial sales tax on resale homes — Saskatchewan’s PST does not apply to resale residential properties
• GST on new homes — The federal 5% GST applies to newly constructed homes, but not resale properties

This is a significant advantage for Saskatchewan buyers. In Ontario, a $340,000 home would incur approximately $3,525 in land transfer tax (or ~$7,050 in Toronto with the municipal LTT). In Saskatchewan, the equivalent fee is only a few hundred dollars.

Use our land transfer tax calculator to compare property transfer costs across provinces.

Wascana Park: Regina’s centerpiece

One of Regina’s unique features is Wascana Centre, one of the largest urban parks in North America at approximately 930 hectares (2,300 acres). The park surrounds Wascana Lake and includes the Saskatchewan Legislative Building, Royal Saskatchewan Museum, University of Regina campus, and extensive walking and cycling trails. Properties bordering Wascana Park — in The Crescents, Lakeview, and Hillsdale — command significant premiums.

Related Regina housing calculators

If you are buying a home in the Regina area, these calculators can help you plan:

• Mortgage Calculator — Estimate monthly payments on a Regina home
• Mortgage Affordability Calculator — How much home can you afford?
• Income to Afford Home Calculator — Salary needed at Regina price points
• Mortgage Insurance Calculator — Calculate CMHC premiums for down payments under 20%
• Land Transfer Tax Calculator — Compare transfer costs across provinces
• Closing Costs Calculator — Budget for all costs beyond the purchase price
• Mortgage Stress Test Calculator — Qualify under the stress test
• Mortgage Rates — Compare current mortgage rates

More housing market reports

• Saskatchewan Housing Market — Provincial overview
• Saskatoon Housing Market — Saskatchewan’s largest market, ~31% higher average prices
• Winnipeg Housing Market — Prairie market to the east
• Edmonton Housing Market — Neighbouring Alberta market
• Calgary Housing Market — Alberta’s largest market
• Canada Housing Market Overview — National trends, prices, and provincial comparisons
• First-Time Home Buyer Guide — Programs, incentives, and step-by-step buying process

Data Sources

The housing market data in this report is sourced from:

• Association of Regina REALTORS (ARE) — Market Statistics
• Canadian Real Estate Association (CREA) — National MLS® Statistics