October 28, 2026 | Irwin Realty & Associates

After more than three years without an interest rate increase, the Bank of Canada has officially changed direction.

On October 28, 2026, the Bank of Canada announced a 0.25 percentage point increase to its benchmark interest rate, bringing it from 2.25% to 2.50%.

This marks the first rate hike since July 2023, following a lengthy period of rate cuts and stability.

While a quarter of a percentage point might not sound particularly dramatic, the decision signals a shift in the Bank's approach to managing inflation and the Canadian economy.

For homeowners, prospective buyers, and sellers in Saskatoon, it raises some important questions.

Will mortgages become more expensive? Could housing prices be affected? And is now still a good time to buy or sell?

Let's take a closer look.

Why Did the Bank of Canada Raise Interest Rates?

The Bank of Canada's primary responsibility is to keep inflation under control while supporting a stable Canadian economy.

After raising interest rates throughout 2022 and 2023, the Bank began reducing its benchmark rate in June 2024 as inflation pressures eased.

By October 2025, the rate had fallen to 2.25%, where it remained for nearly a year.

Now, the Bank has reversed course.

Inflation has proven more persistent than expected, with higher global energy prices contributing to increased costs for consumers and businesses.

The Bank is concerned that these pressures could spread throughout the broader economy, making everyday goods and services more expensive.

At the same time, economic activity has shown resilience, giving policymakers more room to address inflation through higher interest rates.

Today's increase is intended to help prevent elevated inflation from becoming more widespread.

The Bank has also indicated that further increases could be necessary, although future decisions will depend on how economic conditions develop.

What Does This Mean for Saskatoon Homebuyers?

If you're thinking about buying a home in Saskatoon, today's announcement could affect your borrowing costs and overall purchasing power.

Variable-rate mortgages are particularly sensitive to changes in the Bank of Canada's overnight rate, as lenders generally adjust their prime lending rates in response.

For example, consider a $400,000 mortgage with a 25-year amortization.

If the mortgage interest rate increases from 4.00% to 4.25%, the approximate monthly payment would rise from $2,104 to $2,165.

That's an increase of about $61 per month, or $732 annually.

This is an illustrative calculation. Actual payments depend on your mortgage terms, payment frequency, and lender. Some variable-rate mortgages have fixed payments that may not immediately increase.

For buyers already managing tight budgets, even a modest increase can make a difference.

Is Now Still a Good Time to Buy?

Potentially, yes.

Interest rates are an important consideration, but they're only one part of the homebuying equation.

Buyers should also consider:

• Available inventory in their preferred neighbourhoods

• Current asking prices compared with recent sales

• Opportunities to negotiate on price or conditions

• Their financial situation and long-term housing needs

• The affordability of mortgage payments and other ownership expenses

In Saskatoon, market conditions can vary considerably depending on the neighbourhood, price range, and property type.

We've also seen periods when buyers have had more opportunities to negotiate, particularly as inventory levels and market activity change throughout the year.

A higher interest rate doesn't necessarily eliminate good buying opportunities. It simply makes careful budgeting and informed decision-making more important.

What About Current Homeowners?

If you already own a home, the impact of today's announcement depends largely on your mortgage structure.

Variable-rate mortgages

If you have a variable-rate mortgage, your lender may increase your interest rate following the Bank of Canada's decision.

Depending on your mortgage terms, this could mean a higher monthly payment or a larger portion of your existing payment going toward interest.

Fixed-rate mortgages

If you have a fixed-rate mortgage, your current rate and scheduled payments generally remain unchanged until your mortgage term ends.

However, homeowners approaching renewal should pay attention to available mortgage rates and review their options well before their renewal date.

Home equity lines of credit

Many home equity lines of credit are tied to a lender's prime rate. As prime rates rise, borrowing costs on these products may also increase.

If you're uncertain how today's announcement affects your mortgage, speaking with your lender or mortgage professional is a good place to start.

Will Higher Interest Rates Cause Saskatoon Home Prices to Fall?

This is likely one of the biggest questions on buyers' and sellers' minds.

Higher borrowing costs can reduce purchasing power, potentially causing some buyers to lower their budgets or delay their plans.

That can influence housing demand.

However, higher interest rates don't automatically mean lower home prices.

Saskatoon's real estate market is influenced by several local factors, including:

• The number of homes available for sale

• Population growth and housing demand

• Employment and economic conditions

• New home construction

• Buyer activity across different price ranges

A well-priced home in a desirable neighbourhood may continue to attract strong interest, even when borrowing becomes more expensive.

Conversely, properties priced above current market expectations may take longer to sell or require adjustments.

This is why it's important to look beyond national headlines and understand what's happening in Saskatoon's local housing market.

What Should Saskatoon Sellers Do?

If you're considering selling your home, today's announcement reinforces the importance of accurate pricing and effective marketing.

As buyers become more conscious of their budgets, they're likely to pay closer attention to value.

For sellers, that means understanding how your home compares with competing properties and what buyers are actually willing to pay.

A successful selling strategy should include:

• Pricing based on current comparable sales

• Professional photography and strong online marketing

• Preparing your home to make a positive first impression

• Understanding your competition

• Remaining flexible as market conditions change

A changing interest rate environment doesn't mean it's a bad time to sell. It means having the right strategy becomes even more valuable.

Should You Wait for Interest Rates to Come Down?

Trying to perfectly time the housing market is difficult.

Interest rates may rise, fall, or remain unchanged in the coming months, and housing prices don't always move in the same direction.

Waiting for lower borrowing costs could potentially reduce mortgage payments, but changes in housing prices or available inventory could offset those savings.

For buyers, the more important question is whether purchasing a home makes sense for their finances and long-term plans.

For sellers, it's whether current market conditions align with their goals and timeline.

Neither decision should be based solely on one interest rate announcement.

The Bottom Line: Stay Informed, Not Alarmed

After more than three years without an increase, the Bank of Canada's decision to raise its policy rate to 2.50% represents an important shift.

It's certainly worth paying attention to, particularly if you're planning to purchase a home, renew your mortgage, or access home equity.

But one interest rate announcement doesn't determine the direction of Saskatoon's housing market.

Local inventory, buyer demand, pricing trends, and individual circumstances continue to play an important role.

At Irwin Realty & Associates, we follow Saskatoon's real estate market closely through our weekly market reports, tracking sales, new listings, available inventory, and pricing trends.

Our goal is to help you understand what those numbers mean so you can make informed real estate decisions with confidence.

Thinking About Buying or Selling in Saskatoon?

Whether you're ready to make a move or simply want to understand how changing market conditions could affect your plans, we're here to help.

Scott Irwin and Derrick Brucks of Irwin Realty & Associates would be happy to discuss your options and provide insight into Saskatoon's current real estate market.

Visit scottirwinrealty.com to connect with our team.

Thanks for following along,

Irwin Realty & Associates
Royal LePage Saskatoon Real Estate

Welcome back to the Saskatoon Real Estate Week in Review. Each week, we take a clear, data-driven look at local real estate activity to help place short-term market movements into proper context.

Executive Snapshot

• 85 residential sales, compared to 98 one year ago

• 167 new listings, compared to 160 last year

• 947 active listings, compared to 863

• Average sale price: $449,024, compared to $431,907 in 2025

Sales activity remained below last year's pace, while new listings edged higher and active inventory continued to grow. With nearly 10% more homes available than at this time in 2025, Saskatoon buyers are seeing an increasingly different market than they experienced earlier this year.

Although the average sale price remained higher year over year, the growing inventory and softer sales activity suggest the balance between supply and demand continues to shift.

Key takeaway: Saskatoon's fall market is offering buyers more selection, while sellers face increasing competition. Inventory is rising despite the usual seasonal slowdown, making the coming weeks particularly important for understanding where the market is heading.

Sales Activity

A total of 85 residential properties sold during the week, compared to 98 during the same period in 2025 - a decline of approximately 13%.

That's slightly above the 82 sales recorded the previous week, but still below last year's pace.

Year-to-date, our weekly tracking shows 4,083 sales in 2026 compared to 4,337 at this point last year, a difference of approximately 5.9%.

This reinforces a pattern we've been seeing throughout the fall: buyers remain active, but overall sales activity continues to trail 2025.

The question now is whether that softer demand will continue as we approach November or whether buyers will take advantage of the additional selection available.

New Listings & Inventory

New listing activity totalled 167 properties, compared to 160 during the same week last year - an increase of approximately 4%.

Active inventory reached 947 listings, compared to 863 one year ago. That's an increase of nearly 10%.

Inventory also rose from 935 listings the previous week, marking a second consecutive weekly increase.

This is particularly interesting because inventory often begins to decline as we move deeper into autumn. Instead, Saskatoon is seeing more available properties than a year ago, with inventory continuing to edge upward.

The increase suggests that new supply is not being absorbed quickly enough to prevent inventory from growing.

For buyers, this means more opportunities to compare properties and potentially more flexibility in their search.

For sellers, it means competing with a larger number of available homes.

While this doesn't necessarily signal a buyer's market, it does suggest that the exceptionally tight conditions experienced earlier in the year are easing.

Pricing Trends

The average sale price was $449,024, compared to $431,907 during the same week last year - an increase of approximately 4%.

That's a considerably smaller year-over-year difference than some of the larger weekly price increases we've seen recently.

As always, weekly averages are influenced by the types, sizes and price ranges of homes sold. They should not be interpreted as a direct measure of changes in individual property values.

For broader perspective, the Saskatchewan REALTORS® Association reported a residential benchmark price of $444,700 in August, approximately 3% higher than August 2025.

The broader pricing picture has continued to show moderate year-over-year appreciation, even as inventory conditions have begun to improve.

What This Means Right Now

For buyers: With nearly 10% more active listings than last year, buyers have additional opportunities to explore properties, compare options and make informed decisions. Competition hasn't disappeared, but increased selection may offer more flexibility than we saw earlier in 2026.

For sellers: More inventory means greater competition for buyer attention. Homes that are priced appropriately and presented effectively are better positioned to stand out in a market where buyers have more choices.

What we're watching: Whether active inventory continues to rise as we approach November, particularly if sales remain below last year's pace. We'll also be watching whether increased selection begins to influence pricing strategies and the time properties spend on the market.

Closing Summary

Saskatoon's fall housing market continues to move toward more balanced conditions.

Sales were approximately 13% lower than the same week last year, while new listings increased slightly and active inventory climbed nearly 10%.

The growing number of available homes is one of the most notable developments this fall. Buyers are gaining more selection, while sellers are operating in an increasingly competitive environment.

At the same time, average sale prices remain above last year's levels, reminding us that improving inventory doesn't necessarily translate into immediate price declines.

As we move toward November, the relationship between sales activity and available inventory will be particularly important in determining how the market evolves.

How We Can Help

If you're considering buying or selling and would like to understand how these market trends apply to your specific situation, our team is always happy to have a conversation—even if you're simply looking for clarity on timing, pricing, or next steps.

We help clients navigate the Saskatoon market with clear strategy, local insight, and data-driven guidance, whether you're planning a move this year or simply staying informed.

Thanks for following along,

Irwin Realty & Associates

Welcome back to the Saskatoon Real Estate Week in Review. Each week, we take a clear, data-driven look at local real estate activity to help place short-term market movements into proper context.

Executive Snapshot

• 82 residential sales, compared to 95 one year ago

• 122 new listings, compared to 129 last year

• 935 active listings, compared to 875

• Average sale price: $413,055, compared to $370,327 in 2025

Sales and new listing activity were both lower than the same week last year, while active inventory remained higher. Buyers continue to have more selection than they did in October 2025, even as fewer new properties enter the market.

The average sale price was also higher year over year, although weekly pricing figures can be influenced by the types and price ranges of properties sold.

Key takeaway: Saskatoon's fall market continues to offer buyers more selection, while sales activity remains below last year's pace. With inventory holding above 2025 levels, pricing and presentation are becoming increasingly important for sellers.

Sales Activity

A total of 82 residential properties sold during the week, compared to 95 during the same period in 2025 - a decline of approximately 14%.

That's slightly below the 86 sales recorded during the previous reporting period, although that period covered a different number of days.

Year-to-date, our weekly tracking now shows 3,998 sales in 2026 compared to 4,239 at this point last year, a difference of approximately 5.7%.

While buyers remain active, the year-to-date figures reinforce what we've been seeing in recent weeks: sales activity is running modestly behind 2025.

The question as we move further into October is whether that slower pace will continue or whether buyers will take advantage of the additional inventory available.

New Listings & Inventory

New listing activity totalled 122 properties this week, compared to 129 during the same week last year - a decline of approximately 5%.

Despite fewer new listings, active inventory stood at 935 properties, compared to 875 one year ago. That's an increase of nearly 7%.

Inventory also rose slightly from 921 listings the previous week.

This is an important development because it shows that the larger selection available to buyers isn't simply the result of more homes coming onto the market.

With sales running below last year's pace, properties may be remaining available longer, contributing to the higher inventory levels we're seeing.

However, inventory remains relatively limited by historical standards, and increased selection doesn't necessarily mean the market has shifted decisively in favour of buyers.

Pricing Trends

The average sale price was $413,055, compared to $370,327 during the same week last year—an increase of approximately 11.5%.

That's a substantial year-over-year difference, particularly during a period when sales activity has softened.

However, weekly average sale prices are sensitive to the mix of properties sold. A greater proportion of higher-priced homes can push the average upward without indicating an equivalent increase in individual property values.

For broader perspective, the Saskatchewan REALTORS® Association reported a residential benchmark price of $444,700 in August, approximately 3% higher than August 2025.

The broader pricing picture therefore suggests more moderate year-over-year appreciation than this week's average alone might indicate.

What This Means Right Now

For buyers: Active inventory remains higher than last year, providing more selection as we move through October. Buyers may have additional opportunities to compare properties and make informed decisions, particularly when homes have been available for longer periods.

For sellers: Buyer activity remains present, but there are more properties competing for attention. Accurate pricing, strong presentation and an effective marketing strategy are especially important when buyers have more options.

What we're watching: Whether inventory continues to remain elevated as we move toward November, and whether slower sales activity begins to influence pricing or the length of time homes remain on the market.

Closing Summary

Saskatoon's fall housing market continues to show signs of improved balance between supply and demand.

Sales and new listings were both lower than the same week last year, while active inventory remained nearly 7% higher.

Buyers have more selection, but the market hasn't experienced a dramatic shift in pricing. Weekly average sale prices remain variable, reinforcing the importance of looking at broader trends rather than individual weekly results.

As October progresses, we'll be watching whether the additional inventory continues to provide buyers with more breathing room or whether seasonal declines in new listings begin to tighten available supply again.

How We Can Help

If you're considering buying or selling and would like to understand how these market trends apply to your specific situation, our team is always happy to have a conversation—even if you're simply looking for clarity on timing, pricing, or next steps.

We help clients navigate the Saskatoon market with clear strategy, local insight, and data-driven guidance, whether you're planning a move this year or simply staying informed.

Thanks for following along,

Irwin Realty & Associates

Welcome back to the Saskatoon Real Estate Week in Review. Each week, we take a clear, data-driven look at local real estate activity to help place short-term market movements into proper context.

Executive Snapshot

• 86 residential sales, compared to 121 one year ago

• 148 new listings, compared to 189 last year

• 921 active listings, compared to 880

• Average sale price: $495,720, compared to $416,486 in 2025

October began with softer sales and fewer new listings than the same period last year. Active inventory, however, remained above 2025 levels, giving buyers more selection despite a recent decline in the number of available properties.

The average sale price increased substantially, although several higher-priced transactions influenced the weekly figure. As always, broader pricing trends provide a more reliable picture of changes in property values.

Key takeaway: Saskatoon enters October with fewer sales and new listings than a year ago, but more available inventory. Buyers continue to benefit from improved selection, while sellers are facing greater competition for attention.

Sales Activity

A total of 86 residential properties sold during the reporting period, compared to 121 during the same period in 2025—a decline of approximately 29%.

That's a considerable year-over-year difference and continues the softer sales activity we've observed over the past several weeks.

Year-to-date, our weekly tracking shows 3,916 sales in 2026 compared to 4,144 at this point last year, a difference of approximately 5.5%.

It's worth noting that this reporting period covers October 1–6 rather than a full seven days. We should therefore be cautious about comparing its sales volume directly with previous full-week totals.

The year-over-year comparison nevertheless suggests that buyer activity has been running below last year's pace.

New Listings & Inventory

New listing activity also slowed, with 148 properties coming to market compared to 189 during the same period last year—a decline of approximately 22%.

Active inventory stood at 921 listings, compared to 880 one year ago, an increase of nearly 5%.

Interestingly, inventory declined from 965 listings the previous week. That means buyers still have more properties available than they did at this time last year, but the total number of available homes is beginning to ease.

This is an important distinction as we move into the fall market.

Inventory often declines seasonally as fewer new properties are listed. The question now is whether the reduced supply will be matched by slower sales activity, allowing inventory to remain above last year's levels.

Pricing Trends

The average sale price was $495,720, compared to $416,486 during the same period last year—an increase of approximately 19%.

That's a substantial difference, but one that requires careful interpretation.

Weekly average prices can be significantly influenced by the types and price ranges of properties sold. This week's transactions included several higher-priced homes, including sales approaching or exceeding $2 million.

Those transactions can have a considerable impact on the average, particularly during a week with fewer overall sales.

For broader perspective, the Saskatchewan REALTORS® Association reported a residential benchmark price of $444,700 in August, approximately 3% higher than August 2025.

That broader measure suggests considerably more moderate year-over-year price growth than this week's average sale price alone might indicate.

What This Means Right Now

For buyers: Active inventory remains above last year's level, providing more selection as we move into October. While the number of available properties has recently declined, buyers may still find more opportunities to compare homes and make informed decisions than during the tighter periods earlier this year.

For sellers: Sales activity has softened, and buyers have more properties to choose from. Accurate pricing, strong presentation and effective marketing remain essential for attracting attention in a more competitive environment.

What we're watching: Whether inventory continues its seasonal decline throughout October and whether sales activity stabilizes as the fall market progresses.

Closing Summary

October begins with a somewhat different picture than we saw earlier in the year.

Both sales and new listings were below the same period in 2025, while active inventory remained higher year over year.

Although the number of available homes declined from the previous week, buyers continue to have more selection than they did at this point last year.

Meanwhile, the unusually high weekly average sale price serves as a reminder that short-term pricing figures don't always reflect broader market conditions.

As we move further into October, the relationship between sales activity, new listings and available inventory will help determine whether Saskatoon continues moving toward more balanced conditions.

How We Can Help

If you're considering buying or selling and would like to understand how these market trends apply to your specific situation, our team is always happy to have a conversation—even if you're simply looking for clarity on timing, pricing, or next steps.

We help clients navigate the Saskatoon market with clear strategy, local insight, and data-driven guidance, whether you're planning a move this year or simply staying informed.

Thanks for following along,

Irwin Realty & Associates

Welcome back to the Saskatoon Real Estate Week in Review. Each week, we take a clear, data-driven look at local real estate activity to help place short-term market movements into proper context.

Executive Snapshot

• 85 residential sales, compared to 99 one year ago

• 155 new listings, compared to 137 last year

• 965 active listings, compared to 908

• Average sale price: $429,728, compared to $412,990 in 2025

As September comes to a close, Saskatoon's housing market continues to show signs of improved balance. Sales finished below the same week last year, while new listings were higher and active inventory remained above 2025 levels.

Inventory eased slightly from the previous week, but buyers continue to have more homes to choose from than they did at this point last year.

Key takeaway: Saskatoon is heading into October with more available inventory and slightly softer sales activity than a year ago, creating more choice for buyers and increased competition among sellers.

Sales Activity

A total of 85 residential properties sold during the week, compared to 99 during the same period in 2025—a decline of approximately 14%.

Sales were also slightly lower than the 90 recorded during the previous week.

Year-to-date, our weekly tracking shows 3,830 sales in 2026 compared to 4,023 at this point last year, a difference of just under 5%.

The recent numbers suggest buyer activity remains steady, but isn't absorbing available inventory at quite the same pace we saw during some of the tighter periods earlier in the year.

New Listings & Inventory

New listing activity increased year over year this week, with 155 properties coming to market compared to 137 during the same week in 2025—an increase of approximately 13%.

Active inventory stood at 965 listings, compared to 908 one year ago, putting available supply about 6% above last year's level.

Inventory did ease slightly from 979 listings the previous week, so we're not seeing a straight-line increase. However, the broader shift remains clear: buyers currently have more properties available to them than they did at this point last year.

That's an important change from the more supply-constrained conditions we saw earlier in 2026.

Pricing Trends

The average sale price was $429,728, compared to $412,990 during the same week last year—an increase of approximately 4%.

That's a much smaller year-over-year gap than we saw in some recent weeks.

As always, weekly average sale prices can be influenced by the mix of properties sold, so one week's movement shouldn't be interpreted as an equivalent change in individual home values.

Still, the fact that prices remain above last year's weekly average while inventory has increased is worth noting. More selection has not translated into an obvious decline in selling prices.

What This Means Right Now

For buyers: More active inventory means greater selection heading into October. Buyers may have more opportunity to compare properties and make thoughtful decisions, although well-priced homes can still attract strong interest.

For sellers: There are more properties competing for buyer attention than there were a year ago. Pricing accurately, presenting the home well and having a strong marketing strategy are increasingly important.

What we're watching: Whether inventory begins its typical seasonal decline as we move deeper into fall, or whether softer sales activity keeps the number of available homes elevated compared with last year.

Closing Summary

September ends with Saskatoon's housing market looking more balanced than it did during the tighter periods earlier this year.

Sales were lower than the same week in 2025, while new listings were higher and active inventory remained about 6% above last year's level.

At the same time, the average sale price remained above last year, suggesting the increase in supply has not resulted in a significant shift in pricing.

As we move into October, the relationship between sales and inventory will be particularly important. Buyers currently have more choice, while sellers are operating in a market where standing out from the competition matters more.

How We Can Help

If you're considering buying or selling and would like to understand how these market trends apply to your specific situation, our team is always happy to have a conversation—even if you're simply looking for clarity on timing, pricing, or next steps.

We help clients navigate the Saskatoon market with clear strategy, local insight, and data-driven guidance, whether you're planning a move this year or simply staying informed.

Thanks for following along,

Irwin Realty & Associates

September 17–23, 2026

Welcome back to the Saskatoon Real Estate Week in Review. Each week, we take a clear, data-driven look at local real estate activity to help place short-term market movements into proper context.

Executive Snapshot

• 90 residential sales, compared to 107 one year ago

• 170 new listings, compared to 193 last year

• 979 active listings, compared to 909

• Average sale price: $447,538, compared to $411,656 in 2025

Sales activity slowed compared to the same week last year, while active inventory continued to build. Despite fewer new listings entering the market, buyers now have a larger selection of available properties than they did at this time in 2025.

The latest figures suggest that Saskatoon's fall market is moving toward a more balanced environment, although broader market conditions remain relatively tight and one week's activity does not establish a long-term trend.

Key takeaway: Active inventory is increasing while weekly sales are running below last year's pace. Buyers have more selection, and sellers are facing greater competition as the fall market progresses.

Sales Activity

A total of 90 residential properties sold during the week, compared to 107 during the same period in 2025, a decline of approximately 16%.

Sales were also slightly below the 93 recorded during the previous week, suggesting a quieter stretch of activity as we move further into September.

Year-to-date, our weekly tracking shows 3,745 sales in 2026 compared to 3,924 at this point last year, a difference of approximately 5%.

Although buyer activity remains present, the combination of softer weekly sales and a growing number of available homes is worth watching over the coming weeks.

New Listings & Inventory

New listing activity totaled 170 properties this week, compared to 193 during the same week last year, a decline of approximately 12%.

Despite fewer new listings, active inventory climbed to 979 properties, compared to 909 one year ago. That's an increase of nearly 8% year over year.

Inventory also increased from 941 listings the previous week, giving buyers an additional 38 properties to choose from.

This is an important development. More inventory isn't simply the result of more homes being listed. With sales running below last year's pace, available properties appear to be accumulating, creating a larger selection for buyers.

That doesn't necessarily mean Saskatoon has shifted into a buyer's market. It does suggest that the exceptionally tight conditions experienced earlier in the year may be easing as we move into the fall.

Pricing Trends

The average sale price was $447,538, compared to $411,656 during the same week last year, an increase of approximately 9%.

However, weekly average sale prices can fluctuate considerably depending on the types, sizes and price ranges of homes sold. A higher average in one week does not mean that individual property values have increased by the same percentage.

For broader perspective, the Saskatchewan REALTORS® Association reported a residential benchmark price of $444,700 in August, approximately 3% higher than August 2025.

The broader pricing picture therefore points to more moderate year-over-year growth than this week's average sale price alone might suggest.

What This Means Right Now

For buyers: Active inventory is increasing, creating more selection and potentially more opportunities to compare properties before making a decision. Well-priced homes may still attract competition, but buyers have more options than they did during the tighter periods earlier this year.

For sellers: Buyers are shopping in a market with more available properties. Accurate pricing, strong presentation and a thoughtful marketing strategy are becoming increasingly important as competition between listings grows.

What we're watching: Whether active inventory continues to build through the remainder of September and whether sales activity strengthens enough to absorb the additional supply.

Closing Summary

Saskatoon's fall market is beginning to show a different balance between supply and demand.

Sales were lower than the same week last year, new listings also declined, and active inventory climbed nearly 8% above 2025 levels.

The increase in available homes is particularly noteworthy because it has occurred without a corresponding increase in new listing activity. Buyers are gaining more selection, while sellers are facing a more competitive environment.

The next few weeks will help determine whether this is a temporary seasonal adjustment or a more sustained shift toward balanced market conditions.

How We Can Help

If you're considering buying or selling and would like to understand how these market trends apply to your specific situation, our team is always happy to have a conversation—even if you're simply looking for clarity on timing, pricing, or next steps.

We help clients navigate the Saskatoon market with clear strategy, local insight, and data-driven guidance, whether you're planning a move this year or simply staying informed.

Thanks for following along,

Irwin Realty & Associates