Regina's housing market closely follows Saskatoon's housing market, as Regina home prices grew by less than 2% for all of 2020. This trails behind other housing markets, such as Toronto, where house prices are expected to increase by 29.7% in the upper-end to 10.2% on the lower-end of CMHC’s estimates by 2023.
In a best case scenario, the CMHC predicts that Saskatoon housing prices will increase by 6% over the next two years into 2023, with a worst case estimate of a 1% increase in Saskatoon house prices. The CMHC predicts that rising Saskatchewan mortgage rates in the next few years will dampen price gains in 20, but Saskatchewan's recovering economy will still drive strong demand for housing in the province. Home prices only saw a 4.4% increase throughout 2020 in Saskatoon's housing market, even as the number of Saskatoon home sales increased by 23% in 2020. Saskatchewan's two main housing markets, Saskatoon and Regina, saw similar tempered growth. This lags behind the 26% year-over-year increase in average sold prices for Canada's housing market. Home prices in Saskatchewan grew 8.9% in the first half of 2021, reaching an average home price of $288,500 in June 2021, and up 9.8% year-over-year compared to June 2020. Saskatchewan’s housing market has been tamer than other Canadian housing markets. Lowest rates are for high-ratio mortgages (LTV > 80%). For a more accessible park, the Great Sand Hills in southwestern Saskatchewan is Canada's second-largest sand dunes, located northwest of Swift Current and northeast of Medicine Hat, Alberta. For those looking to visit, you can only reach the park by float plane or boat. The Athabasca Sand Dunes are the largest sand dunes in Canada with dunes reaching up to 30 metres in height.
Located in the far northwest corner of the province is Athabasca Sand Dunes Provincial Park, nestled along the shores of Lake Athabasca. While the plains bison is the official symbol of Manitoba, the white-tailed deer is Saskatchewan's official animal. While the area had millions of bison in the past, Grasslands National Park is now home to only 400 to 500 bison today as conservation efforts to re-introduce bison into the area continue. Grasslands National Park is renowned for its harsh semi-arid climate, prairie dogs, and plains bison. Saskatchewan's second national park, Grasslands National Park, is located south of Swift Current along the border with the United States.
In fact, Swift Current had the third most hours of sunshine and the fifth clearest skies in Canada. Moose Jaw, sitting on the Trans-Canada Highway west of Regina in southern Saskatchewan, is the province's fourth-largest city and is home to the famed Tunnels of Moose Jaw.įurther west along the Trans-Canada Highway is Swift Current, the province's fifth-largest city, known for it's clear skies and for having plenty of sunshine. Prince Albert, Saskatchewan's third-largest city, is the gateway to Prince Albert National Park, one of Saskatchewan's two national parks. The capital city of Regina is home to 230,725, while the City of Saskatoon estimates Saskatoon's population to be 322,568. Saskatchewan grows just over half of the world's lentils, and is also the world's largest exporter of canola, oats, peas, and durum wheat. Saskatchewan accounts for just under half of all field crop farm land in Canada, including canola, spring wheat, and lentils. Also known as The Breadbasket of Canada, Saskatchewan has a population of 1,179,906 and is located in the middle of the Canadian Prairies.
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