Luxury Homes for Sale in Regina , SK

Listings last updated 09/29/2022
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Frequently Asked Questions

What is considered a luxury home?

Luxury homes are prime pieces of real estate that exude refinement and exclusivity. Offering privacy and ample living space, these upscale properties are usually custom-built using premium materials and boasting luxurious designs. A lavish home showcases not only interior elegance, but also exterior appeal and provides high-end amenities inside and out. What’s more, luxury homes also usually have a story or history attached to them — they were either built by a prominent architect or are situated in a prestigious location. Showcasing steep price tags, professional real estate guidelines typically place high-end properties in the top 5% or 10% of the local housing market. People who buy luxury homes are usually high-net-worth individuals.

What is the difference between a house and a mansion?

While a standard house entails typical floor plans and amenities, a mansion is an imposing, single family luxury home with opulent and extravagant details.

What qualifies a mansion as a mansion?

Boasting a higher-than-average number of square feet and excess bedrooms and bathrooms, a mansion is much more than a big house for sale. Rather, it comes with high-end finishes and top-of-the-line appliances, as well as energy-efficient systems and smart home features. Sitting on huge lots of land, luxury mansions also boast breathtaking landscaping and unique architectural details. The typical designs for these buildings include classical, colonial or Victorian styles. They also offer some of the finest amenities and can entertain large groups of people. For example, mansions usually include commercial-grade kitchens and multiple common areas and leisure spaces — such as great rooms; lounges; games and theater rooms; gyms; spa facilities; pools; tennis courts; gardens with water features; hiking trails; guest houses; and so on.

What is the difference between a house and a villa?

A villa is a luxury property typically located in the countryside or on the coast. While a standard house is a family’s primary living residence, a villa is used as a retreat or is rented out as a vacation home when not occupied. A villa is a refined luxury estate with an airy design, including rich amenities and providing seclusion. These luxe properties usually come with lovely outdoor landscaping and boast a patio/terrace, a front garden and a private pool. They are either single detached or semi-detached and are part of a gated community, typically within a resort.

How do I find mansions for sale near me?

Mansions nearby are just a few clicks away on Point2. Check out the list of available expensive houses for sale on the website and select the ones near your location using the map view.

How many luxurious houses for sale are available in Regina, SK?

On Point2, you’ll find 19 luxury homes for sale in Regina, SK, with prices ranging from $1,050,000 to $1,780,000.

How do I search for Regina, SK luxury homes for sale?

Finding Regina, SK luxury real estate has never been easier on Point2. Simply filter the available listings according to price, square footage, number of bedrooms and bathrooms, or any amenities you might be interested in. Price drops are another feature at your disposal. This is especially useful in finding mansions for sale in Regina, SK that have reduced their asking prices in the last six months. Just be sure to save your search in order to receive new high-end listings that match your preferences directly to your inbox.

CITY GUIDE
REGINA, SASKATCHEWAN

Located in the south of the province of Saskatchewan, Regina is a cultural and commercial hub with a population of around 236,481 people. The city covers an area of 118.4 sq. km, and is loaded with green spaces and parks as well as a vibrant downtown area. Regina is actually one of the sunniest cities in Canada and has a dry continental climate with warm summers and cold winters, averaging around -11°C in the colder months. Regina has a fairly large Aboriginal population (8.3%) and a large white population (78.6%), with English being the primary language.

Some of the city’s key industries include oil and gas and telecommunications, and the city is known as one of the most affordable places to do business in western North America, which attracts a lot of start-ups and encourages existing businesses. Agriculture is also a major industry and plays a huge part in the economy, especially grains .The city also has a large oil refinery which provides a number of jobs.

Regina was named after Queen Victoria, and has become a haven for outdoor enthusiasts and tourists with an abundance of activities. The city has over 2,000 acres of lawns and birch trees and topographically is fairly flat, a contrast to other cities in Western Canada. Regina has a number of great attractions including a gaming and entertainment complex at Casino Regina in Downtown, and is known for its huge festivals and events that it hosts throughout the year. The local orchestra performs each year at the annual Symphony Under the Sky concert, and the Assiniboia Agricultural Society’s Queen City Ex is one of the city’s most popular events of the year.

Popular areas in Regina include: Creekside, Eastview, Englewood, Glencairn, Hawkstone, Hillsdale, and Lakeview.

Regina, Saskatchewan

Regina, Saskatchewan
real estate market overview

Real Estate Market Overview

House prices are growing very steadily but generally speaking they remain stable in Regina. The aggregate housing price grew roughly 2.6% in the previous year, bringing the average house price to around $318,000. This is similar to the average house price in 2013, as the price has fluctuated slightly in the last few years. The introduction of new mortgage rules has led to a slight softening in the market, but it still remains strong and is predicted to strengthen as the economy continues to grow.

The key buyers in Regina’s market are move-up buyers looking for single-family detached homes priced in the range $500,000-$750,000. First-time buyers are also very active in Regina’s market and primarily look for properties around $200,000-$300,000. Prices in Regina are affordable especially compared to areas such as Vancouver and Toronto, where prices have skyrocketed. As for condominiums, there is a fairly high supply due to a surge in construction in the last few years, creating favourable conditions for buyers. The majority of condo buyers are young professionals and first-time buyers, who are also very active in the townhouse-condo market.

Regina’s rental market is fairly weak with high vacancy rates and not enough renters to fulfil the supply, largely due to a surge in condo construction and fewer people migrating to the city. However, Regina’s strengthening economy will hopefully balance out vacancy rates and units will be filled within the next few years.

Regina offers a pleasant quality of life so is an attractive option for buyers. While certain areas of the economy are strong, a small number of industries are falling behind, but as things balance out the real estate market is expected to uplift too, so now is a great time to invest in Regina.

real estate market overview

Luxury Real Estate Market Overview

The luxury real estate market is fairly active in Regina, and “luxury” homes are generally considered to be those costing $800,000 and above. Unlike other areas of Canada that solely rely on natural resources such as oil and gas, Regina hasn’t seen a large number of layoffs and high unemployment, meaning that the high-end market has remained stable. Homes between $800,000-$900,000 are much in demand, and the upper end of the luxury market is expected to stay strong.

The high-end market is much more affordable in Regina than in other areas in Canada, and buyers are treated with more space and better value for money. The luxury market is also supported by buyers coming from the Vancouver market, where the 15% Foreign Buyer’s Tax has recently been introduced.

luxury real estate market overview

Read more about living in Regina, Saskatchewan.

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