Uplands: Regina's Seller's Market Persists with 71% Sales-to-New-Listings Ratio and $348,900 Benchmark Price

Key facts and reporting periods

Market summary

Regina's housing market shows a sharp contrast between strong price growth and tightening supply, with a benchmark price of $348,900 in August 2026 and only 1.43 months of inventory. These city-wide figures indicate a competitive environment for buyers, though no neighbourhood-specific data is available for Uplands.

Central finding

Regina's residential market remains in a pronounced seller's position, with a sales-to-new-listings ratio of 71% and months of supply at 1.43 in early August 2026. This tightness, combined with a benchmark price of $348,900 in August, indicates that buyer demand continues to outpace new supply across the city, creating conditions where sellers retain significant pricing power. Sources: [Regina Real Estate Stats - Regina Home Values] [Saskatchewan REALTORS® Association SRA | CREA Statistics]

How the numbers connect

Regina's residential benchmark price was $348,900 in August 2026, down slightly from $349,800 in July but over three percent higher than August 2025. Calculation: August 2026 benchmark price: $348,900. July 2026 benchmark price: $349,800. Year-over-year change: +3.3% (as reported). Definitions: Benchmark price is a constant-mix measure of value changes for residential properties in Regina. The observation period is August 2026, with the year-over-year comparison to August 2025. Limit: This calculation establishes the city-wide benchmark price level and its recent direction. It does not establish a target-locality price, sales volume, inventory level, or transaction velocity for Uplands. Sources: [Saskatchewan REALTORS® Association SRA | CREA Statistics] [Saskatchewan REALTORS® Association SRA | CREA Statistics]

Regina's Tight Market Drives Price Growth Amid Low Inventory

Regina's residential benchmark price reached $348,900 in August 2026, down slightly from $349,800 in July but over three percent higher than August 2025. This price level reflects a market where buyer demand consistently outpaces new supply, as evidenced by a sales-to-new-listings ratio of 71% and months of supply at 1.43 in early August. These city-wide figures indicate a highly competitive environment, though they do not establish specific outcomes for Uplands.

The persistence of low inventory levels, with active listings at 577 units heading into October, suggests that sellers maintain significant pricing power. For buyers in Uplands, this means that while city-wide conditions favor sellers, local dynamics may vary based on property type and condition. Sources: [Saskatchewan REALTORS® Association SRA | CREA Statistics] [Saskatchewan REALTORS® Association SRA | CREA Statistics] [Regina Real Estate Stats - Regina Home Values]

Mortgage Renewals and Bond Yields Pose Financing Headwinds

National financing conditions present a mixed picture for the Regina market. As of September 18, 2026, the lowest available five-year fixed mortgage rate in Canada is 4.24%, while the Bank of Canada held its policy rate steady at 2.25%. However, rising five-year Government of Canada bond yields near 3.65% are exerting upward pressure on fixed rates, potentially pushing them higher in the coming weeks. This trend could moderate buyer purchasing power and slow the pace of price appreciation.

Additionally, the final wave of pandemic-era mortgage renewals is approaching, with approximately 12% of all outstanding mortgages coming up for renewal over the next year. On average, these borrowers can expect their monthly payments to increase by 15%. While national mortgage delinquency rates remain low at 0.24%, indicating that most borrowers have absorbed higher payments, this renewal cycle could still impact demand in Regina. Sources: [Best mortgage rates Canada | Compare Canada mortgage rates | Ratehub.ca] [Royal LePage Blog | Canadian Real Estate News | Canada's housing market poised for a fall rebound after a slow spring - Royal LePage Blog | Canadian Real Estate News]

Federal Infrastructure Funding Shapes Long-Term Supply Potential

The Canada Housing Infrastructure Fund (CHIF) represents a significant federal initiative aimed at accelerating housing construction by removing infrastructure bottlenecks. Established with $6 billion in funding over 10 years, CHIF requires communities with populations over 30,000 to implement zoning changes allowing four units as-of-right to qualify for funding. This requirement directly boosts housing supply capacity and improves affordability metrics in eligible communities, including Regina.

Under the Direct Delivery stream, projects must be substantially completed by September 2031, while those under the PT Agreement stream have a completion deadline of September 2033. These timelines suggest that the full impact of CHIF on housing supply will be felt over several years. While this federal funding supports long-term development, it does not immediately alter the current tight market conditions in Regina or provide specific insights into housing delivery in Uplands. Sources: [Canada Housing Infrastructure Fund - Housing, Infrastructure and Communities Canada]

The strongest counter-case

The strongest counterforce is the national mortgage renewal wave, where approximately 12% of outstanding mortgages are coming up for renewal with an average 15% payment increase. Additionally, rising five-year Government of Canada bond yields near 3.65% are exerting upward pressure on fixed rates, which could moderate buyer purchasing power and slow the pace of price appreciation in the coming months. Sources: [Royal LePage Blog | Canadian Real Estate News | Canada's housing market poised for a fall rebound after a slow spring - Royal LePage Blog | Canadian Real Estate News] [Best mortgage rates Canada | Compare Canada mortgage rates | Ratehub.ca]

Living here

Uplands contains 18 mapped amenities: 2 schools (Ruth Pawson School, St. Gregory School), 7 parks (Weekes Park, Dickinson Park, Ruth Pawson Park, St. Gregory Park, Alport Park, and two unnamed parks), and 9 transit stops along Rodenbush Drive and Upland Drive.

Sources: [Ruth Pawson School] [Jean Vanier School]

The early signal

The Canada Housing Infrastructure Fund (CHIF) requires communities with populations over 30,000 to implement zoning changes allowing four units as-of-right to qualify for funding. How it reaches the market: Federal funding removes infrastructure bottlenecks that constrain housing supply, indirectly supporting development and potentially affordability through increased density in eligible communities. Typical lead time: Months to years, as infrastructure projects must be substantially completed by September 2031 or 2033. Sources: [Canada Housing Infrastructure Fund - Housing, Infrastructure and Communities Canada]

Next 3 months, through December 2026

Prices: flat. Flat to slightly rising prices in Regina, not a measured Uplands result. Why: City-wide sales-to-new-listings ratio of 71% and 1.43 months of supply in August 2026 indicate strong demand relative to supply. National mortgage delinquency rates remain low at 0.24%, suggesting borrowers can absorb higher payments. Buyers: wait. Waiting may allow for potential price moderation if bond yields continue to rise, but risks missing out on limited inventory in a seller's market. Sellers: list now. Selling now takes advantage of high demand and low inventory, maximizing pricing power before potential seasonal slowdowns. Watch: A sustained increase in months of supply above 2.0 or a significant drop in sales volume would signal a shift toward a more balanced market. Confidence: moderate. Sources: [Regina Real Estate Stats - Regina Home Values] [Saskatchewan REALTORS® Association SRA | CREA Statistics] [Royal LePage Blog | Canadian Real Estate News | Canada's housing market poised for a fall rebound after a slow spring - Royal LePage Blog | Canadian Real Estate News]

Next 6 months, through March 2027

Prices: falling. Slightly falling prices in Regina due to reduced buyer purchasing power, not a measured Uplands result. Why: The mortgage renewal wave affecting 12% of outstanding mortgages with a 15% payment increase may begin to impact buyer purchasing power. Rising bond yields could push fixed rates higher, moderating demand. Buyers: either way. Buyers should monitor interest rate trends; if rates stabilize, acting sooner may be better to secure inventory, but waiting could yield better terms if rates fall. Sellers: wait. Waiting may allow for a more balanced market, but sellers risk facing lower demand and longer days on market as financing costs rise. Watch: A decrease in bond yields or an increase in new listings that brings months of supply closer to 3.0 would indicate a return to a more balanced market. Confidence: low. Sources: [Royal LePage Blog | Canadian Real Estate News | Canada's housing market poised for a fall rebound after a slow spring - Royal LePage Blog | Canadian Real Estate News] [Best mortgage rates Canada | Compare Canada mortgage rates | Ratehub.ca]

Next 12 months, through September 2027

Prices: flat. Flat prices in Regina as supply increases offset demand, not a measured Uplands result. Why: Long-term outlook is uncertain due to potential impacts from federal infrastructure funding and changing financing conditions. CHIF requirements for zoning changes may gradually increase housing supply in eligible communities. Buyers: wait. Waiting allows buyers to benefit from potential increases in housing supply and more favorable financing conditions as the mortgage renewal wave concludes. Sellers: wait. Sellers may face more competition from new listings and increased supply, reducing their pricing leverage compared to the current market. Watch: A significant increase in housing starts or completions in Regina, or a sustained decline in population growth, would support a shift toward a buyer's market. Confidence: low. Sources: [Canada Housing Infrastructure Fund - Housing, Infrastructure and Communities Canada] [Housing research, finance and mortgage insurance in Canada | CMHC]

Assumptions: National financing conditions remain stable with the Bank of Canada holding its policy rate at 2.25%; No major local policy changes affect housing supply or demand in Regina within the forecast window. What would reverse this: A significant rise in bond yields or a drop in employment could weaken buyer demand, leading to increased inventory and downward price pressure. Sources: [Regina Real Estate Stats - Regina Home Values] [Saskatchewan REALTORS® Association SRA | CREA Statistics] [Royal LePage Blog | Canadian Real Estate News | Canada's housing market poised for a fall rebound after a slow spring - Royal LePage Blog | Canadian Real Estate News] [Best mortgage rates Canada | Compare Canada mortgage rates | Ratehub.ca] [Canada Housing Infrastructure Fund - Housing, Infrastructure and Communities Canada] [Housing research, finance and mortgage insurance in Canada | CMHC]