Saskatchewan rental market remains tight: CMHC [Video]

The Canada Mortgage & Housing Corporation says Saskatchewan’s rental vacancy rate improved slightly over the last year but remains relatively tight.

The provincial vacancy rate sits at 2.7 per cent for cities with more than ten thousand residents, compared to 2.4 per cent in 2023.

In Regina, the vacancy rate increased from 1.4 per cent in 2023 to 2.7 per cent last year.

“We saw the rental housing industry kind of step up there, build enough units to meet some of the demand,” said Cameron Choquette, CEO of Rental Housing Saskatchewan.

“What we’re seeing though in Regina on the demand side is that it’s quite a bit less than Saskatoon. Anecdotally from our members, that’s what we’re hearing.”

In Saskatoon, Choquette says rental inventory remains mostly unchanged from 2023, sitting closer to 2.1 per cent vacancy.

“What that means is that supply and demand were relatively the same over the …