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STRONG DECEMBER SALES WRAP UP SASKATCHEWAN’S SECOND-BEST YEAR ON RECORD
Saskatchewan reported 776 sales in December, up three percent year-over-year and nearly 15 percent above long-term, 10-year averages. Above-average December sales capped off the second-strongest year on record for resale housing activity in Saskatchewan, with 16,119 sales across the province in 2024, up nearly nine percent from 2023.
 
Strong demand throughout 2024 was consistently met with declining new listings, resulting in record inventory lows at various points throughout the year. In December, new listings decreased by 16 percent year-over-year, down nearly 30 percent from 10-year averages and two percent below 2023.
 
“Our province closed 2024 with an eighteenth consecutive month of above-average sales, an incredible statistic when you consider the significant inventory challenges we’ve faced throughout the year,” noted Association CEO, Chris Guérette. “This lack of available inventory, specifically in the more affordable segment of the market, is very likely preventing even stronger 2024 sales figures.”
Seasonal sales trends allowed the provincial months of supply to reach nearly five months in December, up from below four months in November. However, inventory levels decreased by 20 percent compared to December 2023 and continue to sit over 40 percent below the 10-year average – with even tighter conditions reported in Regina and Saskatoon.
The province’s residential benchmark price stood at $337,800 in December, down slightly from 338,400 in November, consistent with seasonal trends. Despite the slight month-over-month decrease, Saskatchewan’s residential benchmark price grew by nearly seven percent compared to December 2023.
 
“Saskatchewan’s resale housing market continues to benefit from record population figures, employment growth, and the recent Bank of Canada interest rate cuts,” said Guérette. “As we look ahead to 2025, we expect supply challenges to continue as a dominant theme. If this increased demand continues in the new year, we will likely see prices continue to trend upward across the province.”
 
 
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Regional Highlights
All regions of the province reported yearly sales that outpaced both 2023 sales levels and long-term, 10-year averages. The Regina-Moose Mountain (up 28 percent compared to 10-year trends), Saskatoon-Biggar (18 percent) and Swift Current-Moose Jaw (17 percent) regions significantly outperformed historical trends in 2024.
 
As seen throughout much of 2024, the Saskatoon-Biggar (3.23 months of supply) and Regina-Moose Mountain (4.11) regions continue to report the tightest market conditions in the province. Despite seasonal sales trends allowing the months of supply to improve in December, both regions are reporting months of supply over 50 percent below historical averages.
 
Price Trends
Strong demand paired with low inventory drove price gains throughout much of 2024 – with nearly all areas of the province reporting year-over-year sales gains in December.
 
For the fifth consecutive month, the City of Moose Jaw led the way with year-over-year price gains of over 14 percent. Additionally, the cities of Humboldt (13.5 percent), Melfort (12.5), and Melville (10.9) all reported double-digit price gains in December.
 
City of Regina
The City of Regina reported 198 sales in December, a five percent year-over-year increase and over 28 percent above long-term trends. Above-average monthly sales were a consistent theme for the Queen City throughout the year, with 3,917 sales in 2024 – the largest number of yearly sales in Regina’s history.
 
Despite modest new listing growth compared to 2023, record demand continues to impact Regina’s inventory levels, which declined by 32 percent year-over-year and are currently over 40 percent below historical averages.
 
Regina's residential benchmark price was $313,400 in December, down slightly from $313,700 in November and over five percent higher than December 2023.
 
City of Saskatoon
The City of Saskatoon reported 256 home sales in December, a year-over-year increase of over 12 percent and nearly 20 percent above the 10-year average. With 5,035 annual sales, 2024 marked the second-strongest year on record in the Bridge City, up over eight percent compared to 2023.
 
At year-end, there were only 555 available units, as inventory levels declined by 25 percent year over year and are nearly 50 percent below historical averages. With only 2.17 months of supply to end the year, Saskatoon’s inventory levels are near record lows for this time of year.
 
Saskatoon reported a benchmark price of $395,300 in December, down slightly from $398,800 in November, reflecting typical seasonal trends. However, the benchmark price remains over seven percent higher than in December 2023, as tight market conditions continue to drive price gains in Saskatchewan’s largest urban centre.
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Bringing Nature Indoors: The Benefits of House Plants

The first day of winter will be arriving this month and depending on where you live, you may start spending more time indoors. But it doesn’t mean that you can’t bring the outside in. House plants are a great way to do that, and they have benefits for you as well, such as:

  • Reduced anxiety – One study used two groups that each transplanted a house plant and then did a computer task. Findings showed that at the end of transplanting, participants had a noted decrease in blood pressure compared to when they did the computer task.

  • Improved productivity – Another study found that when plants were added to a windowless lab, college students worked 12 per cent faster.

  • Increased happiness – People who spent 5 to 10 minutes in a room with a few house plants were reported in an experiment to feel happier than people who spent time in a room with no plants.

  • Sharpened attention – When elementary-aged students were placed in separate classrooms, one with a real plant, one with an artificial plant, and one with a photo of a plant, a study found the students in the room with the real plant showed improvements in attention and concentration in brain scans.

So, if you are thinking of getting house plants, or adding some to your collection, check online for the many options available.


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Keeping Kids Safe Online
During the holiday break, if you have kids, perhaps they’ll have more screen time than usual. Given the disturbing rise in online predators and cyberbullying, it’s a good time to consider how to keep kids as safe as possible online. For some helpful tips, keep reading.
 

Talk with your kids – Educate them on safe online practices, such as:

  • Never reveal personal information such as their address and age
  • Use screen names (not full names)
  • Don’t share passwords 
  • Never meet anyone from online in person
  • For threatening or hurtful messages, stop, block, and tell (a parent or guardian)
  • For older kids that post on socials, discuss how it can be shared with anyone, at any time.

Controls – A child’s online experience can be controlled in various ways, such as:

  • Confine device use to common areas
  • Install child-safe browsers 
  • Set privacy settings to the highest level 
  • Cover webcams when not in use
  • Install parent controls that block certain sites and restrict personal information from being sent
  • “Follow” them on socials to monitor their online activity.

Notice if your child is spending long hours online, especially at night, suddenly turning off their device when you walk into the room, withdrawing, or is secretive about what they are doing online, as these could be signs that they are being targeted by an online predator.

 
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SUSTAINED HOUSING DEMAND DRIVES NEAR-RECORD NOVEMBER SALES
Saskatchewan reported 1,179 sales in November, marking the second-highest monthly sales volume ever for the month. This represents an 18 percent increase compared to November 2023 and 27 percent above the 10-year historical average. Sales growth was widespread, with nearly all regions of the province contributing to a nine percent year-to-date sales increase.
 
November marked the seventeenth consecutive month of above-average sales, which coincided with a drop in new listings. This imbalance further reduced inventory levels, which declined by 23 percent year-over-year and currently sit nearly 45 percent below the long-term, 10-year averages—the lowest for November since 2007.
 
“As 2024 draws to a close, it’s shaping up to be one of the strongest years on record for our province,” said Association CEO Chris Guérette. “Given the ongoing inventory challenges in many Saskatchewan markets, the fact that we’re reporting above-average sales for 17 consecutive months is unprecedented.”
 
With inventory tightening and demand remaining strong, Saskatchewan reported 3.6 months of supply in November. While this is a slight increase from October, it remains well below typical seasonal levels. These tight market conditions continue to drive price growth, with many communities across the province reporting year-over-year benchmark price increases.
 
The province’s residential benchmark price stood at $338,400 in November, slightly down from $343,400 in October. However, this seasonal decline aligns with historical patterns, and the November price remains over five percent higher than the same time last year.
 
“Saskatchewan’s housing market continues to exceed expectations and defy many seasonal trends,” noted Association CEO Chris Guérette. “After a record-breaking October, November delivered the second-highest sales on record for the month, underscoring the sustained strength of housing demand across the province.”
 
 
Regional Highlights
Year-to-date sales continue to outpace long-term, 10-year averages across all regions of the province. The Regina-Moose Mountain (up 28 percent year-to-date), Saskatoon-Biggar (18) and Swift Current-Moose Jaw (18) regions are significantly outperforming historical trends.
 
The Saskatoon-Biggar (2.42 months of supply) and Regina-Moose Mountain (3.21) regions continue to report the tightest market conditions in the province, while conditions remain tight in all other regions relative to the 10-year average.
 
Price Trends
Tighter market conditions continue to support price growth, with all regions of the province reporting year-over-year benchmark price increases in November. The Prince Albert Region experienced the most significant year-over-year growth (7.2 percent), followed by the Saskatoon-Biggar (6.3) and Swift Current-Moose Jaw (5.9) regions.
 
For the fourth consecutive month, Moose Jaw posted the largest monthly price gains, with home prices soaring nearly 11 percent compared to the previous year. Notably, all Saskatchewan cities reported year-over-year price growth except for Estevan, Weyburn, and Swift Current.
 
City of Regina
The City of Regina reported 273 sales in November, an increase of 14 percent year-over-year and over 28 percent above long-term, 10-year trends. These strong sales figures pushed Regina's year-to-date total to 3,720—a record high for sales through November.
 
Although there was a modest increase in new listings during the month, inventory levels continued to decline, dropping 34 percent compared to last year and sitting nearly 50 percent below the 10-year average.
 
Regina's residential benchmark price was $313,700 in November, down from $321,000 in October, consistent with seasonal trends. Despite the monthly decline, the benchmark price remains nearly four percent higher than in November 2023.
 
City of Saskatoon
The City of Saskatoon reported 380 home sales in November, a 21 percent increase compared to the same month last year and 32 percent above the 10-year average.
 
Saskatoon's strong sales momentum continues to limit inventory relief. With just 693 units currently available on market, the city faces less than two months of supply, emphasizing the sustained demand in Saskatchewan’s largest urban center.
 
Saskatoon reported a benchmark price of $398,800 in November, a slight decline from $402,600 in October, reflecting typical seasonal trends. However, the benchmark price remains over six percent higher than in November 2023, highlighting the ongoing price growth fueled by tight market conditions.
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 Wallet-Wise and Warm: How to Save on Heating Bills

Before Old Man Winter arrives, now is the time to consider how you can save on your heating bill. Here are some helpful tips:

  1. Seal air leaks around windows and doors.
  2. If you don’t already have one, install a programmable or smart thermostat to program the temperature for different times or control remotely.
  3. Open the curtains or blinds during the day and close them at night to keep the heat in. 
  4. Close doors in unoccupied rooms.
  5. Change your furnace filters regularly and schedule an annual HVAC inspection to keep it running efficiently.
  6. If you have a ceiling fan spin it clockwise on the lowest setting to help trapped heat move down. 
  7. Use a humidifier. Moist air feels warmer than dry air.
  8. Ensure your vents are clear to allow the air to flow freely.
  9. Wear warm clothes and use lots of blankets when resting.
  10. Get cookin’. The warmth from the stove and oven will help warm your home.
  11. If you have a fireplace, keep the damper closed when the coals are completely done burning, and use a draft stopper to cover the fireplace opening.
  12. If you have an attic or crawl space, make sure it is well-insulated, which can save you an average of 15 percent on your heating bill.

With a little thought, you can stay toasty while saving money this winter. Happy saving!


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Lung Cancer Awareness Month: Radon

Did you know radon is the number one cause of lung cancer in non-smokers? With November marking Lung Cancer Awareness Month, now is an opportune time to ensure radon is not affecting you and your loved one’s health.

Radon is an odourless, colourless, tasteless radioactive gas that can be present all around us from uranium breakdown in rock and soil. However, sometimes it can be present indoors at unsafe levels. When inhaled, the radon gas particles decay in the lungs, releasing bursts of energy, potentially causing lung cancer.

Radon can enter a home through cracks in the foundation, gaps around service pipes, or other openings between the house and the ground. It can be found in all types of homes, condos included. In condos, unsafe radon levels are most commonly found on the ground floor, however, it can also be found on upper floors.

The only way to know if there are unsafe radon levels in your home is to be proactive and get a testing kit or have a professional test your home. It is recommended to get the long-term test, as levels can fluctuate day-to-day. If you detect unsafe radon levels in your home a radon mitigation system can be installed and typically reduces radon levels by more than 80 percent.

So, give yourself peace of mind, and if you haven’t already, get your home tested for radon.

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STRONG SALES CONTINUE AMID RECORD-BREAKING OCTOBER

Saskatchewan reported 1,520 sales in October, the highest monthly sales level ever reported in October. Sales were over 21 percent higher than last year’s levels and 36 percent above long-term, 10-year historical averages. Sales levels improved across all regions of the province in October, contributing to a year-to-date gain of over 8 percent.

Despite modest monthly growth in new listings, the sixteenth consecutive month of above-average sales in Saskatchewan led to further inventory declines – with inventory at the lowest point in October since 2007. The steepest inventory declines were experienced in homes priced below $300,000, while the only monthly inventory gains were reported in homes priced above $600,000.

“Saskatchewan continues to benefit from several positive economic factors supporting above-average housing demand across our province,” said Association CEO, Chris Guérette. “Unlike some parts of the country, housing demand remains strong despite significant inventory challenges – as demonstrated by a sixteenth consecutive month of above-average sales.”

Strong monthly sales, combined with lower inventory, resulted in the months of supply falling to just above three months across the province—an exceptionally low figure for the month of October. The relatively tight market conditions throughout much of 2024 continue to place upward pressure on prices, as nearly all Saskatchewan communities reported year-over-year benchmark price gains this month.

Saskatchewan reported a residential benchmark price of $343,400 in October, down slightly from $343,800 in September. While a slight month-over-month price decrease is expected and in line with seasonal factors, the October benchmark price is nearly six percent above October 2023 – with prices improving across all property types compared to last year.

“We typically see less sales activity in the fourth quarter of the year, and when you factor in the scarcity of inventory, the demand we’re seeing that led to record October sales is quite impressive,” said Guérette. “Recent rate cuts are expected to support even stronger demand – with inventory levels below near record lows in some markets across the province, it is a challenging time for prospective buyers right now.”

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Regional Highlights
Year-to-date sales rose across all active regions of the province in October, with many regions reporting levels well above long-term, 10-year trends. New listings were met with strong sales, resulting in widespread inventory declines across the province.

The Saskatoon-Biggar (2.41 months of supply) and Regina-Moose Mountain (2.62) regions continue to report the tightest market conditions in the province, while conditions remain tight in all other regions relative to long-term trends.

Price Trends
Tight market conditions supported year-over-year benchmark price growth across all regions of the province in October – with the most significant year-to-date growth occurring in the Saskatoon-Biggar Region.

The City of Moose Jaw is again reporting the largest monthly price gains, with prices over 11 percent higher than last year. Meanwhile, all Saskatchewan cities reported year-over-year price gains in October.

City of Regina
The City of Regina reported 364 sales in October, an increase of 18 percent year-over-year and 47 percent above long-term, 10-year trends. Further sales gains in October contributed to 3,447 year-to-date sales, the highest year-to-date sales figure ever reported through October in the Queen City.

New listings continue to struggle to keep pace with surging sales, resulting in a 31 percent year-over-year inventory decline and less than two months of supply available on market.

Regina reported a residential benchmark price of $321,000 in October, up from $320,700 in September and five percent higher than October 2023.

City of Saskatoon
The City of Saskatoon reported a record-high 444 sales in October, a year-over-year increase of 17 percent and nearly 30 percent above long-term, 10-year averages.

Strong sales levels continue to prevent any significant inventory relief in the Bridge City, as the 803 units available on market reflect the lowest level reported in October since 2006, with less than two months of supply available across the city.

Saskatoon reported a residential benchmark price of $402,600 in October, up from $401,800 in September and nearly seven percent higher than October 2023.

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 Tips for Hiring a Headache-Free Contractor

Construction projects aren’t cheap, and with horror stories of construction companies running off with money for uncompleted or shoddy work, it’s important to do your due diligence when hiring a contractor. If you are looking to hire a contractor, read on for some helpful tips.

  • Get five to six quotes for comparison. 
  • Make sure they are applicably licensed and insured. Ask for proof and check for validity.
  • Ask to see their past work through three references, check online reviews, and their status on the Better Business Bureau website.
  • Have a signed contract by both parties detailing the project, the time frame, the payment schedule, warranty description if offered, and how unexpected issues might be handled, such as unintended damage to your property. Ensure you are excluded from liability to pay a subcontractor if the contractor does not pay them. For big projects, consider hiring a lawyer to review the contract.
  • Avoid paying cash, as reputable companies pay their taxes. 
  • Avoid contractors who offer services door-to-door (many scams are associated with this). 
  • Make sure you get a receipt that specifies “paid in full.”

A little due diligence before hiring a contractor can save you a big headache, and get things done right the first time. 

Also, remember recommendations are a great starting point when getting quotes, and I’m happy to provide them to you. Please don’t hesitate to reach out.


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 Fire Prevention 101

Every October, Fire Prevention Week arrives, making it the opportune time to review important fire safety reminders to help prevent a horrible tragedy like a house or condo fire from ever happening. Here are some helpful reminders:

  • Make sure you have working smoke alarms (changing the batteries every daylight savings time is a great way to remember, but you should test them every month), and ensure there is a smoke alarm on every level of your house and in every sleeping area.
  • Never leave a stove unattended and keep oil away from heat sources.
  • Keep your heaters away from anything flammable.
  • Replace any damaged electrical cords.
  • Don’t leave candles or fires unattended. Use a screen for fireplaces to prevent sparks from flying.
  • Have your heating system serviced regularly, including your chimney if you have one.
  • Remove lint from the dryer lint trap after every use and clean out your dryer vent annually.
  • Only plug power bars into a grounded outlet, never plug extension cords and power bars into one another, and only connect light-load appliances into power bars (e.g., computers, lamps, chargers, etc.)

It can be easy to overlook preventative fire maintenance when we get busy with life, so keep these tips in mind to reduce your risk of a tragedy.


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NEAR-RECORD SEPTEMBER SALES DRIVEN BY STRONG DETACHED ACTIVITY

Saskatchewan reported 1,398 sales in September, an eight percent year-over-year increase and nearly 15 percent above long-term, 10-year trends. September marked the fifteenth consecutive month of above-average sales in Saskatchewan, with sales levels across the province amongst the strongest ever reported for the month.

Strong gains in the detached sector drove much of the year-over-year sales growth, accounting for nearly 73 percent of monthly sales. Sales levels also improved across nearly every region of the province, with year-to-date sales currently on pace to be the second highest on record.

“Record population growth, favourable economic conditions, and an improving labour market continue to support strong demand in Saskatchewan’s housing market,” said Association CEO, Chris Guérette. “When paired with easing lending rates, these factors are, without question, contributing to a fifteenth consecutive month of above-average sales.”

New listings trended down in September, a two percent year-over-year decline and over 16 percent below long-term trends. The pullback in new listings relative to sales resulted in a 17 percent year-over-year inventory decline, nearly 40 percent below the 10-year average—the lowest level reported in September since 2007.

Saskatchewan reported a residential benchmark price of $343,800 in September, down from $344,700 in August and nearly six percent above September 2023. Meanwhile, all Saskatchewan cities reported year-over-year benchmark price increases – with the largest increase (13 percent) in the City of Moose Jaw.

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Regional Highlights
Year-to-date sales growth has been largely driven by gains in the Regina Moose-Mountain, Saskatoon-Biggar, and Swift Current-Moose Jaw regions, which account for 81 percent of all sales in the province. Meanwhile, sales activity in the Prince Albert and Yorkton-Melville regions remains in line with last year’s activity while still outperforming long-term trends.

The Saskatoon-Biggar region continues to report the tightest market conditions in the province, with inventory levels nearly 45 percent below the 10-year average.

Price Trends
All provincial economic regions reported year-over-year price gains in September, with the strongest price growth occurring in the Saskatoon-Biggar and Swift Current-Moose Jaw regions.

With prices nearly 13 percent higher than last year, the city of Moose Jaw reported the largest price gain in September, followed by Yorkton at eight percent and Humboldt at over seven percent.

City of Regina
The City of Regina reported 320 sales in August – the second-highest level on record for the month – up five per cent year-over-year and 19 per cent above long-term, 10-year trends.

Strong sales figures were met with declining new listings, resulting in a 23 percent year-over-year decline in inventory, over 40 percent below long-term trends.

The City of Regina reported a benchmark price of $320,700 in September, up from 319,700 in August and nearly five percent above September 2023.

City of Saskatoon
The City of Saskatoon reported 432 sales in August, an increase of 16 percent year over year and 24 percent above long-term, 10-year trends.

Limited supply options continue to prevent even stronger sales figures in Saskatoon. Monthly inventory levels remain over 46 percent below the 10-year average and the lowest reported in September since 2007.

The City of Saskatoon reported a record benchmark price of $401,800 in September, down from $404,900 in August but nearly seven percent higher than September 2023.

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Top 5 producer

Sooooo, this happened - Woo-hoo! ✊
September was busy but so very rewarding on a multitude of levels. I never get tired of helping Real estate dreams come true. Big heartfelt Thank You to my VIP clients for your trust and liking how I sell real estate as well as to all the professionals who worked hard along with me. Without you, awards like this couldn’t happen. Much appreciation to all.

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How to Create a Fur-Friendly Home
A living space that is both functional and aesthetically pleasing requires some creativity, especially if you have four-legged family members, but with some thought it can be done. Consider these tips:
 
Petproof your home. Keep electrical cords, medicines, and cleaners out of reach, trash cans covered, gate off “no-go” areas, and put childproof latches on cabinets.

Choose scratch and stain-resistant flooring such as hardwood, laminate, vinyl, and tile. Avoid carpets, which can trap odours and are prone to stains. As for rugs, choose options that are washable, or are forgiving of stains and pet hair.

For storing pet paraphernalia like toys and grooming supplies, think stylish bins or baskets, or an ottoman with storage.  For cats, you can hang a sisal scratch pad cover over the arm of a sofa for a stylish option.

Seamlessly incorporate pet furniture into your décor. Think litter boxes hidden with custom cabinetry or a room divider, a bench with a pet bed underneath, or a pull-out kitchen drawer for pet dishes. Pet furniture that mimics regular furniture, like a mini sofa is also an option. 

As for your furniture, opt for machine-washable slipcovers or fabrics resistant to stains, fur, and odours like leather, velvet, microfiber, and canvas. Protect fabrics with spray-on stain guard.  

Finally, wherever you like to sit in your home, the resident fur babies probably do too, so include throw blankets for them, or place their pet bed nearby.
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