Regina Housing Market Analysis: June 2025

Introduction

This report provides an in-depth analysis of the housing market in Regina, Canada, based on recent data from RBC's Housing Affordability Report (June 2025) and Royal LePage. Regina has emerged as a unique case study in the Canadian housing landscape, offering the most affordable new homes in the country despite broader trends.

Affordability in Focus

Regina's housing market stands out due to its remarkable affordability. As of June 2025, the city boasts a 26.1% aggregate measure, as reported by RBC. This metric signifies that, on average, only 26.1% of a household's monthly income is allocated to home payments. This figure positions Regina as the most affordable area for new home purchases across Canada.

Market Trends and Dynamics

Several factors contribute to Regina's current housing market dynamics:

• Average Home Price: Royal LePage recently reported the average median household price in Regina to be nearly $400,000. This figure is consistent with other data points, including a Q1 2024 median price of $411,600, suggesting a stable and relatively accessible price point for homebuyers.
  
  
• Interest Rate Impact: The sustained key interest rate in Canada at 2.75% since March has played a crucial role in reducing homeownership costs. This favorable interest rate environment makes homeownership more attainable for residents, further bolstering Regina's affordability.
  
  
• Supply Shortages: Despite the positive affordability metrics, RBC highlights a shortage of housing supplies in Regina. This imbalance between supply and demand is a critical factor influencing future market trends.

Future Outlook

Given the current market conditions, Regina is anticipated to experience sustained and rapid home value appreciation. The combination of decreasing homeownership costs (driven by stable interest rates) and a limited housing supply creates an environment conducive to price growth. As more individuals are able to afford homes, and the available inventory remains constrained, upward pressure on home values is expected to continue.

Conclusion

Regina's housing market presents a compelling picture of affordability and potential for appreciation. While the city remains the most affordable in Canada for new home purchases, the existing supply shortages suggest a future where home values will likely continue to rise. This makes Regina an attractive market for both prospective homeowners and investors seeking long-term value.