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.