Saskatoon Real Estate

Listings last updated 07/25/2021
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Real estate roundup: Saskatoon, SK housing market overview

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There are 1,569 houses for sale in Saskatoon, SK.

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With a population of around 222,000 people and an area of roughly 66 square miles, Saskatoon is the largest city in the province of Saskatchewan and one of the fastest growing cities in Canada.

Situated by the Saskatchewan River, Saskatoon is centrally located in the province and is known as a cultural and economic hub.As of recent years, influxes of migrants have relocated to Saskatoon, which has accounted for around 50% of the recent population increase in the area.

Due to the lack of surrounding mountains, Saskatoon is fairly low-lying and sits in the humid continental climate zone. Temperatures average around the mid-20s (°C) in summer, and around -10 (°C) in winter.

Saskatoon receives a higher than average level of sunshine compared to the rest of Canada, but is prone to thunderstorms and occasionally tornados in the warmer months.

Home to the University of Saskatchewan, Saskatoon also boasts a range of outdoor activities, such as walking and running along the Meewasin Valley Trail. With a significant Indigenous and European population, Saskatoon is known for its vibrant culture and immense history.


Saskatoon, Saskatchewan

Saskatoon, Saskatchewan
  • Country: Canada

  • Province: Saskatchewan

  • Nickname(s): "Paris of the Prairies"

  • Population:  222,189

  • Area:

    City: 170.8 km2  

Entertainment and Tourism

There are a number of heritage sites, museums, art galleries, and archaeological sites in Saskatoon, as well as three national parks located in the province of Saskatchewan. In terms of tourism, Saskatoon is worth around $500 million, accounting for almost a third of all travel expenditure in the province.

Entertainment and Tourism


Saskatoon is made up of around 65 neighbourhoods that sit either side of the Saskatchewan River.

Core Neighbourhoods

In the heart of Saskatoon are the Core Neighbourhoods, comprised of Nutana, West Saskatoon and Riversdale, which came together in the early 1900s. The Core Neighbourhoods also include the Downtown Central Business District, which is the urban hub of Saskatoon home to shops, restaurants, and arts and culture organisations. Homes in this area are primarily condominiums and converted lofts.


Central Business District

Neighbourhoods such as Caswell Hill, City Park, and Westmount surround the Central Business District and are made up of tree-lined streets, modern developments, and war-era homes. Nutana located on the East side of the river features a range of heritage homes, while North Park and Westmount are more affordable for first-time buyers. Richmond Heights situated North of the Downtown core forms a small and low home-turnover community, while Varsity View located close to the University campus is home to a pleasant neighbourhood with beautiful scenery and student accommodations.

Lakewood and University Heights

The Lakewood and University Heights neighbourhoods, which are comprised mainly of condos and townhouses, are popular among singles and young professionals, while areas such as Briarwood and Arbor Creek feature larger, more luxurious properties.

Real Estate Market

A burst of construction activity has caused a slight dip in house prices, and the housing market has shifted in favour of buyers due to the excess inventory with more new-builds and condos saturating the market. However, it’s likely that this shift may balance out as the population of Saskatoon increases.

The majority of housing in Saskatoon is made up of single-detached houses, townhouses, lofts, semi-detached houses, and apartments/condos. Housing in Saskatoon is considered to be much more affordable than cities such as Vancouver and Edmonton.

There is a general trend towards home ownership, with only 30% of the population renting. Areas such as Arbor Creek, Briarwood, Erindale, Lakeridge, Montgomery Place, Richmond Heights, Rosewood, and The Willows have considerably high homeownership levels of around 90%.

In contrast, homeownership in areas such as the Central Business District and Pleasant Hill are much lower, hovering around 25%, as renting is much more popular among young professionals and single people. Areas such as Grosvenor Park, Fairhaven, Meadowgreen, Nutana, Queen Elizabeth, and Riversdale fall in-between, with a fairly even split of homeowners and renters.

  • Average Home Price: $300,500
  • Average Rent Price: $952
  • Average Condo Price: $176,000
  • Average Detached Home Price: $320,300
Home Style Average Price
2 storey $421,214
Bungalow $366,030
Condo $224,525

Data source: Canada Mortgage and Housing Corporation (CMCH)/The Canadian Real Estate Association (CREA) report for 2020/2021.



Education in Saskatoon is generally divided into Elementary education, Secondary education, and Post-secondary education. Preschool is not compulsory.

The Saskatoon Public Schools division operates 44 Elementary schools and 11 Secondary schools, which are publicly funded and free of charge. There are also multiple Private Schools in Saskatoon, ranging from Kindergarten to Grade 12. Saskatoon’s Private Schools are located in Lawson Heights, Nutana, Riversdale, Stonebridge, Forest Grove, East College Park and Grosvenor Park.

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