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Compare mortgage rates in Regina.

Regina homebuyers are in luck: in addition to benefitting from subdued home prices, they can also take advantage of mortgage rates that are hovering near record lows. With good prices and great rates, it’s a perfect time to apply for a mortgage or renew the one you already have.

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Regina housing.

People shopping for real estate in Regina are experiencing a true buyer’s market. A slowdown in the energy sector is leading many potential Regina homebuyers to hold off on their property purchases or, at the minimum, offer lower asking prices than they would have a year earlier.

Despite the slowdown seen in the Regina housing market, the city maintains an unusually low unemployment rate and an impressive number of high-paying jobs. With average home prices currently sitting at $315,000, Regina still boasts one of the most affordable housing markets in all of Canada.

Average Home Prices in Regina.

DateHome Prices
01/14$345,238
03/14$324,951
05/14$307,387
07/14$324,368
09/14$315,925
11/14$306,266
01/15$302,946
03/15$300,524
05/15$311,171
07/15$308,912
09/15$304,725
11/15$316,490
01/16$317,283
03/16$312,189
05/16$330,000
07/16$310,000
09/16$315,000

Buyers in search of a new build this year are benefitting from very consistent pricing from month to month and neighbourhood to neighbourhood. New single-detached homes in Regina currently average just over $500,000, according to the CMHC.

New Home Prices in Regina, Single-Detached

YearPrice
2011$457,947
2012$462,023
2013$491,292
2014$514,165
2015$509,000
2016$514,000

About Regina.

Regina serves as the cultural and economic hub of the province. With nearly 200,000 residents, it’s home to a diverse population consisting of German, English, Scottish, and Aboriginal communities.

Abundant oil and gas jobs combined with low interest rates have been a boon to Regina's economic prospects, and the city currently enjoys one of the lowest unemployment rates of any major Canadian city, at less than 4%.

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