July 1st isn’t just Canada Day—it also serves as a pivotal checkpoint for assessing how 2025 has unfolded so far and what might be coming in the months ahead in the Saskatoon real estate market.
Canada’s real estate market remains shaped by economic uncertainty, fluctuating interest rates, and global trade tensions. However, a recent rise in existing home sales suggests a more positive shift may be underway.[1]
Whether you’re considering buying a home, selling, or simply evaluating your next steps, understanding today’s Saskatoon real estate trends is essential.
In this market update, we examine four key factors influencing today's housing market and provide actionable strategies for navigating these evolving conditions for Buyers and Sellers.
MARKET REMAINS SUBDUED, BUT THERE ARE EARLY SIGNS OF RECOVERY
After declining through early 2025—primarily due to market uncertainty and ongoing trade disputes—Canadian home sales rose 3.6% between April and May, according to the Canadian Real Estate Association (CREA). This uptick was largely driven by increased sales in Toronto, Calgary, and Ottawa.[2,3]
“May 2025 not only saw home sales move higher at the national level for the first time in more than six months, but prices at the national level also stopped falling,” noted CREA Senior Economist Shaun Cathcart. “There is a sense that maybe the expected turnaround in housing activity this year was just delayed for a few months.”[3]
What does it mean for you?
While it's too early to declare a full rebound, this shift could signal renewed momentum. Buyers may want to act before Saskatoon home prices climb again, while sellers should prepare for a potentially more competitive market in the coming months.
FIXED MORTGAGE RATES OFFER SOME STABILITY
Heading into the second half of 2025, a growing number of Canadians are opting for fixed-rate mortgages over variable options—not because they're dramatically cheaper, but because they offer predictability during uncertain times.[4]
“We all hoped that rates would be a lot lower by now, but with Trump in office there's just too much uncertainty,” notes Victor Tran, a mortgage expert with RATESDOTCA. “Going for a fixed rate could be a safer bet.”[4]
Economists remain divided on whether the Bank of Canada will cut its overnight rate again before year-end, as persistent inflation and trade-related risks may limit the scope of any reductions.[5]
What does it mean for you?
For buyers or homeowners considering refinancing, now is a critical time to speak with a mortgage advisor to understand your borrowing power and options. I’d be happy to refer you to a trusted mortgage professional who specializes in mortgage rates in Saskatoon.
A RETURN TO BALANCED INVENTORY IN SOME AREAS
After years of tight supply, Canada is seeing more homes hit the market—though the story varies by region. There were 201,880 properties listed for sale in May, a 13.2% year-over-year increase, though still about 5% below the long-term average.[3]
With a national inventory of 4.9 months, Canada's real estate market is currently balanced, meaning no strong advantage for either buyers or sellers nationally, though significant regional differences remain.
What does it mean for you?
Local market conditions matter more than ever. For buyers, understanding supply and demand can help identify opportunities and guide strong offers.
For sellers, a tailored strategy is essential to stand out in an increasingly competitive landscape. I can help you understand supply and demand in your neighbourhood—and strategize accordingly based on the current real estate trends in Saskatoon.
HOME PRICES PAUSE—BUT NOT ACROSS THE BOARD
Home prices nationally stabilized in May, with the MLS® Home Price Index down just 0.2% month-over-month—a notable slowdown after three consecutive months of 1% declines. However, prices are still down 3.5% from May 2024.[3]
The story differs among regions, however. High-priced markets like Southern Ontario and parts of British Columbia remain especially soft, while Prairie cities and markets in Quebec and Atlantic Canada have held up relatively well.[6]
What does it mean for you?
If you're a buyer with flexibility around property type and location, this shifting market could present valuable opportunities—particularly in areas seeing price corrections. For sellers, understanding local market dynamics is essential for setting the right price and marketing strategy for Saskatoon homes for sale.
LET’S MAKE YOUR NEXT MOVE A SMART ONE
While national housing reports can give you a “big picture” outlook, much of real estate is local. And as a local market expert, I know what's likely to impact sales and drive home values in your particular neighbourhood.
For buyers, this could be the most favourable environment in years. For sellers, the right strategy, price, and timing are more important than ever. And for homeowners, understanding your property’s value in a shifting market can help with decisions about refinancing, renovating, or investing.
I have the local insight, negotiation skills, and Saskatoon real estate market knowledge to help you succeed—whether you're buying your first home, selling your third, or simply weighing your next move. Reach out today to start a conversation about your goals and how the current Saskatoon real estate update can work for you.
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✔️ For Both:
Explore our Buyer’s Resources and Seller’s Resources to access guides, tools, and personalized help.
Let’s talk about what these real estate trends mean for you. Contact me anytime for expert local insight.
The above references an opinion and is for informational purposes only. It is not intended to be financial, legal, or tax advice. Consult the appropriate professionals for advice regarding your individual needs.
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