Updated March 2026 · Based on Regina MLS® data, CREA reports, and the Century 21 / Ipsos Spring 2026 Canadian Housing Survey
If you’ve been asking yourself whether now is the right time to buy your first home in Regina, you’re not alone. Across Canada, 55% of likely homebuyers in 2026 are first-timers – and in Saskatchewan, the dream of homeownership is strong: 76% of residents dream of owning a home. This guide answers the questions you’re actually searching for, using the latest local market data from March 2026 alongside national research on what buyers like you are thinking right now.
March 2026 Regina Market Snapshot
$353,014
Average sale price · Regina · March 2026
38 days
Average days on market
+35%
Condo sales growth year-over-year
428
New listings in March 2026
+4%
Single family home sales growth year-over-year
Is now a good time to buy a home in Regina?
For first-time buyers, March 2026 presents one of the more balanced entry points Regina has seen in recent years. Here’s why:
Inventory is up. With 662 active listings and 428 new listings hitting the market in March alone, buyers have more options than they’ve had in previous springs. More supply means less desperation bidding and more time to make a considered decision.
Prices are accessible compared to major Canadian cities. The average sale price of $353,014 in Regina is a fraction of the national average anticipated purchase price of $677,000 cited in the Century 21 / Ipsos Spring 2026 survey. Saskatchewan buyers are budgeting an average of $473,771 – well within reach for many first-timers.
The market is active but not frenzied. Homes are selling in 38 days on average, which gives buyers time to do due diligence without losing every home they look at. Sales are up year-over-year, which signals a healthy and confident market – not a bubble.
Bottom line: If you’re financially ready and plan to stay in Regina for at least 3–5 years, spring 2026 is a reasonable time to buy. The conditions are stable, inventory is growing, and prices remain among the most affordable in Canada.
How much does an average house cost in Regina?
In March 2026, the average sale price of a home in Regina was $353,014. Here’s how that breaks down by type:
- Detached (single family): 210 sales in March – the dominant segment, with strong year-over-year growth of +4%
- Condominiums: 79 sales in March – up a remarkable 35% year-over-year, making them the fastest-growing category
- Total residential sales: 322 homes sold in the month
For context, the Century 21 / Ipsos national survey found that 46% of likely buyers across Canada have a budget under $500,000 – which means a large share of buyers could realistically enter the Regina market. Saskatchewan respondents specifically budgeted an average of $473,771 for their next home purchase.
If you’re looking for a 3-bedroom, 2.5-bath home – the most common target for buyers nationally – Regina offers strong value compared to virtually every other major Canadian market.
How competitive is the Regina housing market right now?
Competition in Regina is moderate and manageable for prepared buyers. Here’s what the data tells us:
- 38 average days on market: Homes aren’t flying off the shelf in hours. You have time to view, reflect, and make informed offers.
- 324 sales in March: Demand is real – homes are selling – but the market isn’t so hot that well-qualified buyers are consistently shut out.
- +35% condo sales growth: The condo segment in particular is gaining momentum, which is good news for first-timers who often start with attached housing.
Nationally, the Century 21 / Ipsos survey found that 79% of Canadians feel there’s too much uncertainty to rush into a purchase – meaning many potential competitors are still sitting on the sidelines. That works in your favour as a motivated, ready buyer.
Preparation tip: In a 38-day average market, you have a window – but don’t mistake that for unlimited time. Well-priced homes in desirable neighbourhoods still move faster than the average.
What are first-time home buyers looking for in Regina?
Based on the national Century 21 / Ipsos Spring 2026 survey — and what we’re seeing locally in Regina — here’s what first-time buyers are prioritizing:
Type of home
59% of Canadians say their ideal home is a single-detached property. In Saskatchewan specifically, 69% named a detached home as their ideal – the highest of any province. But with condos up 35% year-over-year in Regina, many first-timers are wisely starting their ownership journey with an attached property and building equity from there.
Size
The average buyer wants 3 bedrooms and 2.5 bathrooms. Canadians currently live in homes averaging 1,470 sq ft but dream of 2,098 sq ft. In Saskatchewan, most homes fall in the 1,000–1,499 sq ft range – realistic for a starter home that can be upgraded later.
What matters beyond price
- Condition of the home (40%)
- Location and neighbourhood (38%)
- Size – big enough for family and pets (32%)
- A yard (29%) – particularly important in Saskatchewan
- Easy to maintain (28%)
What is holding first-time buyers back in Regina?
The biggest barriers to homeownership – nationally and locally – haven’t changed much. According to the Ipsos study, among Canadians not yet living in their ideal home:
- 59% say they simply can’t afford it yet
- 34% say moving costs are too high
- 14% are still saving for a down payment (rising to 25% among those aged 18–34)
In Saskatchewan, 60% of renters saw their rent go up in the past year – the second highest rate in the country after Quebec. That rising rental cost is one of the key motivators pushing first-time buyers off the fence and into the market.
If down payment savings are your main hurdle, it’s worth speaking with a mortgage professional about programs like the First Home Savings Account (FHSA), the Home Buyers’ Plan (HBP), and the First-Time Home Buyer Incentive. Regina’s price point means these programs can go further than in most other cities.
What factors should I consider when deciding to buy a home in Regina?
The Century 21 / Ipsos research asked Canadians what factors influence whether it’s a good time to buy. The top answers were:
- Housing prices (63%) – the single biggest factor by a wide margin
- Personal circumstances – job security, age, family situation (41%)
- The economy overall (40%)
- Mortgage rates (38%)
- Inflation and overall affordability (38%)
In Regina’s context: prices are stable and accessible, the local economy is steady, and Saskatchewan buyers are already budgeting below the national average. The personal circumstances question – job security, life stage, how long you plan to stay – is often the deciding factor when the market conditions are otherwise favourable.
A good rule of thumb: if you plan to stay in your home for at least 3–5 years, have a stable income, and can manage the carrying costs comfortably, the macroeconomic noise matters less than your personal readiness.
Should I buy a condo or a house as my first home in Regina?
Both are strong options in Regina right now, and the right answer depends on your budget, lifestyle, and long-term goals.
The case for a condo
- Lower entry price – condos typically cost less than detached homes, making them an accessible first step
- Condo sales are up 35% year-over-year -strong demand means they hold value well
- Less maintenance – no yard work or exterior upkeep
- Often located closer to amenities, downtown, and transit
The case for a detached home
- 59% of Canadians – and 69% of Saskatchewan residents – say a single-detached home is their ideal
- More space: average single-detached home in Saskatchewan is ~1,800 sq ft
- A yard – the #4 priority for buyers nationally
- Single family sales up 4% year-over-year – steady demand protects resale value
Many first-time buyers in Regina start with a condo or townhome, build equity over 3–5 years, then use that equity as a down payment on their next move. There’s no wrong answer – the best home is the one you can afford comfortably today.
Ready to Take the Next Step?
The Regina housing market in spring 2026 offers first-time buyers a real opportunity:
accessible prices, growing inventory, a manageable pace, and year-over-year momentum in both the condo and single-family segments.
Whether you’re just starting to research, actively saving for your down payment, or ready to book your first showing – the right conversation with an experienced local REALTOR® can make all the difference.
Thinking about buying your first home in Regina?
Let’s talk. I’ll walk you through what you can afford, what’s available in your target neighbourhoods, and what the buying process actually looks like – with no pressure and no jargon.
Let’s Build Your Plan
Ready to Make a Move?
Sources & Methodology
Market data: Regina MLS® Detail Sheet, March 2026 (CREA). Two-Year Comparison Report, March 2026 (Saskatchewan MLS® System Database). Survey data: Century 21 / Ipsos Spring 2026 Canadian Housing Survey, February 6–10, 2026, n=2,300 Canadians aged 18+, weighted to Statistics Canada census data, credibility interval ±2.5 percentage points.
Leave a Reply