First-time homebuyers are expected to drive market activity in 2025, buying up any type of housing in the $200,000 – $400,000 price range. Single-detached houses are expected to see the most sales activity in the region next year.
30-year amortization will make it easier for first-time homebuyers to purchase a home in the region in 2025, although low inventory will remain a challenge.
The region experienced 15 consecutive months of above-average sales. In October 2024, year-to-date sales reached 3,447, marking the highest level of sales ever reported through October in Regina. October had less than two months of supply, which is unprecedented for this time of year.
Typically see sales volume slow in Q4 and through the winter months, but it remains to be seen whether that will help improve inventory levels.
Should strong sales continue to be met with inventory challenges, it’s fair to expect prices to continue to rise.