CBC News, Oct 15, 2014 While home prices continue to grow nationwide, including in Saskatoon, the situation in Regina was quite different in the third-quarter of 2014.
That's according to a report released this week from the realty company Royal LePage.
Across Canada, the average price of a home rose between 4.4 and 6 per cent year-over-year in the July-August period.
However, in Regina new construction is increasing the housing supply and that has slowed price growth, according to the company.
The average price of a standard, two-storey home actually decreased in neighbourhoods the north (down 14 per cent to $291,000) and the south (down 1 per cent to $401,900).
One area of growth? The condo market, where home prices increased 1 per cent in the third quarter, compared to a year earlier.
Meanwhile, home prices in Saskatoon were rising at different rates — from 0.2 per cent to 3.6 per cent — depending on the neighbourhood.
The east-central neighbourhoods of Saskatoon had the home sales fetching the highest average prices — $429,000.