Regina is one of the most accessible housing markets in Canada for first-time buyers. With a benchmark price of $330,900 and annual price growth of 5.7%, the city provides genuine homeownership opportunities at prices that compete directly with renting. Total annual sales reached 3,840 homes in 2025, up 24 percent versus the 10-year average, demonstrating strong market activity. For current market conditions, see our market trends.
Current Listings
Entry Points by Budget
Under $150K - Condos: Riverbend offers condos starting around $150K, providing the most affordable entry into ownership. The 3.9-kilometre paved loop trail around the man-made lake provides excellent recreational access. The area is heavily condo-oriented, which means potential pet restrictions and smaller living spaces, but for single-income professionals it represents the fastest path to building equity. Downtown is 10-15 minutes away by car. $200K-$300K - Starter Houses: Spruce Meadows offers median home prices around $239K - the most budget-friendly full-house option. The Sandra Schmirler Leisure Centre provides pool, gym, and fitness amenities nearby. Wood Meadows homes range from $279K-$285K with Victoria Square nearby offering groceries, gym, and restaurants within walking distance, providing practical daily convenience without premium pricing. $300K-$400K - Established Neighbourhoods: Richmond Place ($310K-$380K) offers solid value in a quiet, established neighbourhood that young buyers often overlook due to limited marketing buzz. Cathedral Village averages $340,000 with its vibrant arts scene and the Cathedral Village Arts Festival attracting tens of thousands of visitors annually. Whitmore Park at $340,000 benefits from proximity to the University of Regina. Lakeview at $375,000 is family-friendly near Wascana Centre. $400K-$600K - Premium Communities: Harbour Landing at $400,000 is Regina's fastest-growing community with modern developments combining residential and commercial amenities. Greens on Gardiner ($500K-$600K) features the Acre 21 commercial area with Save-On-Foods, restaurants, and pharmacies within walking distance - with lit walking paths making evening walks feasible year-round.
Rent vs Buy in Regina
Regina's affordability makes this comparison genuinely competitive. Current rental rates show one-bedroom apartments at $1,100-$1,200 per month, two-bedrooms at $1,400-$1,600, and three-bedroom houses at $1,800-$2,200. With utilities ($150-$250), families renting typically pay $2,000-$2,400 monthly. A $240,000 home in Richmond Place or Spruce Meadows carries mortgage payments of approximately $1,350 per month. With property taxes and insurance, total monthly costs run $1,800-$2,000 - comparable to three-bedroom rental costs. Saskatchewan lacks rent control, so annual rental increases are uncapped, making ownership increasingly attractive. With a 5% down payment of $12,000-$15,000, first-time buyers can enter the market immediately. CMHC insurance on 5% down adds approximately $9,120-$11,400 to the loan. The current 20-year mortgage rate averages 4.55%.
Hidden Costs to Budget For
First-time buyers should plan for costs beyond the mortgage payment:
- CMHC insurance on 5% down: adds approximately $9,120-$11,400 to loan
- Annual maintenance: 1-2% of home value ($3,000-$6,000 on a $300K home)
- Property tax increases and system replacements (furnace, roof, hot water tank)
- Basic utilities: $246.75/month average for an 85m2 home
- Internet and mobile: approximately $147/month combined
Best Neighbourhoods for Young Professionals
For young professionals seeking an affordable market entry, several East Regina neighbourhoods stand out. The Towns offers contemporary builds with clean lines and open floor plans, with downtown approximately 10-12 minutes away. Eastbrook features architectural diversity with Tudor, Prairie, Arts and Crafts, and Modern styles on the same streets - a Ducks Unlimited partnership created naturalized green space and 1.8 kilometres of trails, appealing to buyers seeking character beyond typical subdivisions.
Market Context
With just 2.90 months of supply, Regina remains a seller's market. Active inventory sits at 475 - nearly 50% below the 10-year average. Days on market average 41. Annual price growth of 5.7% means waiting costs money - a $330,900 home appreciating at this rate gains roughly $18,861 in a year. The average monthly net salary in Regina sits at $3,675. With a benchmark price of $330,900, the income-to-price ratio is far more accessible than markets like Toronto (average $1 million+) or Vancouver.
Price Trends
Regina Price Trends
Browse all Regina listings or see affordable homes.