Regina Real Estate Summer 2025: Key Programs and Initiatives Shaping the Market
As we approach summer 2025, several exciting programs and initiatives are set to shape Regina’s real estate market. These upcoming changes will support the construction of new housing, provide incentives for both developers and buyers, and contribute to increasing the housing supply. Here’s a look at the key programs that will impact Regina’s real estate landscape in the coming months:
Housing Accelerator Fund: A Boost for Housing Development
One of the most significant programs impacting Regina’s real estate market is the Housing Accelerator Fund, for which the city has secured $36.2 million from the federal government. This initiative, which continues to influence the market in 2025, aims to accelerate housing construction by enabling:
- The construction of more units on any city lot
- Extended height limits for multi-unit buildings
- Removal of required parking minimums
These changes are designed to drive the approval of 1,100 additional housing unit permits by 2026, making it easier and faster for developers to bring new homes to market.
Provincial Incentives to Stimulate Housing Development
In addition to the federal funding, Saskatchewan’s provincial government will continue offering two important programs aimed at stimulating housing development:
- PST Rebate for New Construction: This initiative helps reduce the cost of new construction, encouraging developers to build more homes in the area.
- Secondary Suite Incentive Program: Designed to encourage the creation of secondary suites in existing homes, this program increases housing options, especially in areas with high demand.
These provincial programs will be active through the summer of 2025 and continue to influence the real estate market by incentivizing new housing projects.
Affordable Housing Development
The Government of Saskatchewan is also focused on increasing the availability of affordable housing. A major affordable housing project, consisting of six large family units, is scheduled for completion in March 2025. This initiative is part of a broader strategy to address the need for affordable housing, and we can expect similar projects to continue into the summer, further impacting the housing supply in Regina.
Housing Incentives Program
The City of Regina’s Housing Incentives Program is expected to continue offering valuable incentives in summer 2025. This program includes:
- Capital Grants: Per unit grants for both affordable rental and ownership housing projects.
- Tax Exemptions: A five-year, 100% tax exemption for new affordable and market housing in specific areas.
Applications for 2025 tax exemptions are due by October 31, 2024, meaning these incentives will be active throughout the summer of 2025, providing developers and buyers with an opportunity to benefit from significant cost savings.
Conclusion
While specific summer 2025 programs for Regina real estate have yet to be fully announced, ongoing initiatives like the Housing Accelerator Fund, provincial incentives, affordable housing development projects, and the City’s Housing Incentives Program will continue to shape the market. These programs are designed to address Regina's growing housing demand, increase supply, and provide significant support to both developers and homebuyers.
Contact us today by filling out our online contact form or call 306-552-7047 for a personalized consultation and let us help you achieve your real estate goals.
Kelsey Smith Is Regina’s Choice
Choosing the right Realtor® is key to ensure a positive and successful real estate transaction. Kelsey Smith promises to deliver the education and time necessary to buy or sell your Regina home. Call 1-306-552-7047 and rest easy knowing you have made the right choice.