Canadian and Saskatchewan Home Sales Poised for a Strong Finish in 2025

October 21, 2025 | Posted by: Lisa Helfrick - Trusted Saskatoon, Regina and Saskatchewan Mortgage Broker

The Canadian housing market is showing signs of renewed strength as we approach the end of 2025. According to the latest report from the Canadian Real Estate Association (CREA), home sales across the country are on track for a strong finish to the year, buoyed by lower borrowing costs, improving consumer confidence, and a more balanced market. If you are getting ready to act in Saskatoon, our mortgage pre-approval team can help you lock in your numbers with confidence.

A Shift Toward Market Stability

After several years of adjustment, the national housing market appears to be finding its footing once again. CREA’s data shows that both home sales and average prices have been steadily improving in most major markets. This rebound comes as many buyers and sellers regain confidence, encouraged by recent interest rate reductions and a more predictable lending environment. If you are comparing options and want guidance from a local expert, connect with a Saskatoon mortgage broker for tailored advice.

While the pace of growth varies from region to region, markets that experienced the sharpest slowdowns during the high rate period, such as Ontario and British Columbia, are now seeing a modest recovery. Meanwhile, more affordable provinces like Alberta, Saskatchewan, and parts of Atlantic Canada continue to attract strong demand from both first time buyers and relocating families. If you are planning to purchase in Saskatoon, start with our guide to home purchase mortgages in Saskatoon.

Interest Rate Cuts Helping Buyers Re-Enter the Market

One of the key drivers behind the recent uptick in activity is the Bank of Canada’s move to gradually reduce interest rates in 2025. These rate cuts have helped improve affordability for many households that had been priced out of the market in previous years. Lower rates mean lower monthly mortgage payments, which allows buyers to stretch their budgets a little further and renew their homeownership goals. To see where you stand, begin with a quick pre-approval in Saskatoon.

For existing homeowners, refinancing or renewing at a lower rate has also provided welcome relief. If you are in Regina and considering a refinance, explore your options here: Regina mortgage refinancing.

National Home Prices Showing Modest Gains

CREA’s latest figures indicate that the national average home price has been edging upward in recent months. While prices remain below their 2022 peaks, the stabilization is a positive sign for both homeowners and the broader economy. This trend suggests that Canada’s housing market is entering a healthier phase, where prices align more closely with fundamentals like income growth and supply levels. If you are buying your first place, our resource for first time home buyers in Saskatoon explains down payments, incentives, and rate choices in plain language.

Balanced conditions in many cities are also giving buyers more time and choice. This shift away from the intense bidding of past years has created opportunities for well qualified buyers to negotiate favourable terms and find homes that truly meet their needs. A quick conversation with a local mortgage broker in Saskatoon can help you compare fixed and variable strategies before you shop.

Supply Levels Still a Key Factor

Despite the encouraging rebound in sales, Canada continues to face a structural shortage of housing supply. CREA notes that new listings have increased slightly, but the number of available homes remains below long term averages in many markets. Population growth and continued immigration are putting added pressure on supply, which highlights the need for ongoing construction and development across the country.

Federal and provincial housing initiatives are expected to play a vital role in addressing this imbalance. As new housing projects move forward, more inventory could help keep price growth sustainable in 2026 and beyond. In the meantime, getting pre-approved early can help you act fast when the right property appears.

What This Means for Buyers and Homeowners

For Canadians thinking about buying, selling, or refinancing, the current market presents a window of opportunity. Lower interest rates, stable prices, and growing confidence are combining to create favourable conditions for those ready to make a move. Whether you are entering the market for the first time, upgrading to a larger home, or considering an investment property, understanding your financing options is more important than ever. Start with our overview of home purchase mortgages in Saskatoon, then follow up with a personalized conversation.

Working with an experienced mortgage broker can help you navigate the changing landscape, compare lenders, and find a solution that fits your budget and long term goals. A broker can also assist with pre-approvals, rate holds, and refinancing strategies designed to take advantage of today’s improving conditions. Speak with our Saskatoon mortgage broker team, or if you are in Regina and exploring a refinance, visit Regina mortgage refinancing.

Looking Ahead to 2026

As CREA forecasts continued stability into early 2026, many experts agree that Canada’s housing market is transitioning into a more balanced environment. While challenges remain, especially around supply and affordability, the overall outlook is more optimistic than it has been in several years. If you have been waiting for the right moment to act, now may be an ideal time to review your mortgage options and prepare for what is ahead.

Ready to take the next step, begin with a pre-approval, review home purchase mortgage options, or connect with a Saskatoon mortgage broker for tailored advice.

Saskatchewan Mortgage FAQs

1) How much do I need for a down payment in Saskatchewan, and what programs can help first time buyers

Minimums typically start at five percent for owner occupied purchases up to five hundred thousand dollars, with tiered amounts above that threshold. For plain language guidance and links to incentives, see our page for first time home buyers in Saskatoon.

2) Should I choose a fixed or variable rate in late 2025

It depends on your risk tolerance and term length. We can compare options during your pre-approval to show your break even points.

3) How long does a mortgage pre-approval take

Most pre-approvals can be turned around quickly once documents are ready. Start here, Saskatoon mortgage pre-approval.

4) What closing costs should I budget for in Saskatoon or Regina

Plan for legal fees, title insurance, appraisal where applicable, and adjustments. Our home purchase mortgages page outlines typical ranges and timing.

5) Can I buy with five percent down as a first time buyer

Often yes within insured limits, subject to qualification. Review basics on our first time buyer page and we can confirm based on income and debts.

6) How do rate holds work if I am shopping in a competitive market

Lenders may hold a rate for a set period as you shop. We can arrange this during your pre-approval so you have clarity while you search.

7) I already own in Regina, should I refinance to lower my payment

A refinance can consolidate debts or reduce payments if the numbers make sense. Explore options here, Regina mortgage refinancing.

8) What documents will I need for a smooth approval

Photo ID, income verification, down payment history, and property details. Starting a pre-approval ensures we provide a precise checklist for your situation.

9) I am relocating to Saskatoon, how early should I speak with a broker

As early as possible so we can align budget, timing, and rate strategy. Connect with a Saskatoon mortgage broker for a quick plan.

10) What is the best first step if I want to buy in the next three months

Begin with a pre-approval, then review purchase options to match homes to your price range.

Sources

Data and insights referenced in this article are based on the October 2025 housing market update from the Canadian Real Estate Association (CREA).

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