Economic indicators

Regina has always aspired to grow and the outlook has never been better.

Real estate

Apartment market (November 2017)
Two-bedroom vacancy rate6.18%
Average two-bedroom rent$1,116
Regina housing market (2017 YTD)
Unit Sales2,878
Average Price$320,225

Sources: CMHC Housing Time Series Database, Canadian Real Estate Association.

Building permits

In 2016, residential building permits were issued to create homes for 1,790 Regina families – an increase of 415 homes over 2015. According to Regina’s monthly Building Permit Report, the total value of residential construction projects for 2016 surpassed $300 million.

In 2016, 621 commercial permits were also issued, slightly down from 680 in 2015. The total value of commercial building and demolition permits issued in 2016 was $304 million. To learn more click here.

Regina office inventory

Vacancy Summary: As at June 30, 2017

 Class A (sq.ft.)Class B (sq. ft.)Class C (sq. ft.)Overall (sq. ft.)
Occupied Space1,431,2261,366,6711,089,1673,869,664
Vacancy Rate11.34%7.35%20.10%12.71%
Regina office rental rates
Class A New$34.00-$36.00
Class A$20.00-$24.00
Class B New$26.00-$30.00
Class B$14.00-$18.00
Class C$10.00-$14.00

Source: Harvard Real Estate Inc. Market Overview, September 2017.

Industrial vacancy

Market Indicator (relative to prior period)Market Q1 2017Market Q3 2017Trend
Industrial Inventory18,600,73418,650,616Icon Red Bar Chart - Decrease
Net Absorption-226,76920,365Icon Red Bar Chart - Decrease
Vacancy Rate3.26%3.41%
Average Asking Rent**$11.21$11.04
Average Additional Rent$3.75$3.75

**Average Asking Net Rent is calculated using a weighted average

Source: Colliers International Regina Industrial Market Report, Q1 2017

Let’s work together

If you’re ready to talk about Regina's economic strategy, contact Shaadie Musleh.