Regina has seen both new and resale housing prices rise faster than in any other Canadian city since 2005, according to studies from the Canadian Real Estate Association (CREA) and Statistics Canada.
Under CREA's composite home price index (HPI) on detached houses, Regina has seen its composite HPI increase from a base of 100 in January 2005 to about 275 in June 2013 - an increase of 175 per cent over eight-and-a-half years. Saskatoon's composite HPI has increased to about 230 - an increase of 130 per cent.
By comparison, Calgary's composite HPI has increased by 90 per cent, Vancouver's by 60 per cent, Toronto's and Montreal's by 55 per cent, Ottawa's by 50 per cent and B.C.'s Fraser Valley's by 40 per cent.
Saskatchewan's capital city has the distinction of posting the highest increase in both new and resale home prices among major Canadian cities over the last six to eight years. New home prices in Regina, as measured by the new housing price index (NHPI) from StatsCan, have seen an increase of 58 per cent since 2007, the highest in urban Canada.
from Western Investor September 2013
