Home prices slide 7-8 per cent in Regina, Report

While home prices continue to grow nationwide, including in Saskatoon, the situation in Regina was quite different in the third-quarter of 2014.

That’s according to a report released this week from the realty company Royal LePage.

The survey reports 40 per cent more properties on the markets compared to the usual numbers; Regina house prices year-over-year went down in the third quarter of 2014. The Queen city is going against the grain as house prices went up nationally.

In Regina, the average price for a two-storey home dropped 6.9 per cent to $346,450. The average price for a bungalow is at $307,350, a 7.9 per cent drop.

Nationally two-storey and bungalow prices rose 5.5 per cent and 6.1 per cent respectively.

Meanwhile, Regina saw condominium prices up by a modest one per cent to $214,748.

Agencies/Canadajournal

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