REGINA — A City of Regina report shows housing affordability remains strong, but further improvements are needed in the market.
The city’s July 2026 growth monitoring report states Regina remains the most affordable Canadian city for all home types, according to the RBC March 2026 Housing Trends and Affordability Report.
Regina recorded a 26 per cent affordability measure, based on the income needed to cover essential homeowner costs, including property taxes, water bills and mortgages.
The city also has the lowest benchmark home price among Canadian cities at $356,400 as of June 2026, according to the Saskatchewan Realtors Association.
However, benchmark prices have increased by more than $50,000 since 2023.
A factor contributing to rising prices is a lack of available options for buyers and renters.
Regina’s rental vacancy rate has dropped from 6.8 per cent in 2021 to 2.6 per cent in 2025.
The city says increasing housing supply will be key to meeting future demand as Regina’s population grows.
Regina is projecting a population of 370,000 people by 2051, requiring an additional 56,900 housing units starting in 2024.
In 2025, Regina approved 456 housing units in established neighbourhoods and 1,218 units in greenfield areas, totalling nearly 1,700 units.
While building permits reached a five-year high, the city would need to average roughly 2,000 units annually over the next 26 years to meet its 2051 housing target.
The city is already projecting more than 5,000 housing units through future greenfield developments, including Coopertown phase 1, Hawkstone, Kensington Greens and Harbour Landing South.
Those projections do not include longer-term neighbourhoods in development, including Foxtail and Tower Crossing, Riverside and Harbour Landing West.
The city will also continue creating new units through vacant lot development, which added 411 dwelling units between 2020 and 2025.
