Mortgage: Compare the Best 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.

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

Source: CMHC

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

Source: CMHC

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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