https://www.sasktoday.ca/regina-toda...s-say-11862777
Regina rental market easing toward stability, experts say
After years of pressure, experts say the city is edging toward balance, not boom or bust.
Denis Conroy
One of the biggest takeaways is that Saskatchewan continues to lead the nation in housing starts,” Field said. “Most of that growth is coming from purpose-built rentals, which is exactly what the market needs.”
According to CMHC’s latest rental market report, Regina’s vacancy rate currently sits at 2.7 per cent, statistically unchanged from last year. Saskatoon’s vacancy rate is slightly higher at 3.3 per cent. While both figures remain below the 10-year average, they mark early signs that pressure is starting to ease.
“For renters, this means more choice,” Field explained. “And for housing providers, it means an opportunity to stand out with quality units, amenities and good service. That’s how you get to a healthy, balanced market.”
The construction pipeline suggests that relief could continue. With housing starts well above the national average, Saskatchewan is on pace to add a significant number of new rental units in 2026, particularly in Regina and Saskatoon, where purpose-built apartment projects and townhouses are coming online.
Another bright spot for Regina is the province’s extended secondary suite incentive program. The initiative offers grants covering up to 35 per cent of construction costs for homeowners adding legal secondary suites, including basement suites, garage units and laneway homes.
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