Looking for a condo in Regina? You’re not alone. More buyers are discovering that the city’s condo market offers a practical way to own a home without the upkeep of a house. According to Real Estate of Regina (local real estate analysis), the average condo price in August 2024 was about $220,000 — roughly half the price of a single-family home. Whether you’re a first-time buyer or looking to downsize, here’s the data and guidance you need to make a smart move.

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Condos for sale: 136 (REW) ·
Median list price: $190,000 ·
Price range: $75,000 – $850,000 ·
Average price (Aug 2024): $220,000

Quick snapshot

1Confirmed facts
2What’s unclear
  • Exact number of new condo developments under construction
  • Current market absorption rate may shift with interest rates
3Timeline signal
  • Average condo price rose from about $210,000 in 2023 to $220,000 in August 2024 (Real Estate of Regina)
4What’s next
  • Demand expected to remain steady among first-time buyers and retirees (Real Estate of Regina)

Here are the key numbers that define today’s market.

Key facts about Regina condos from multiple sources.
Fact Value
Total condos for sale 136 (REW Regina condos listings)
Median list price $190,000 (REW Regina condos listings)
Price range $75,000 – $850,000 (REW Regina condos listings)
Average condo price (Aug 2024) $220,000 (Real Estate of Regina)
Average single-family home price (Aug 2024) $390,000 (Real Estate of Regina)
Condos as % of market 15% (estimated from listing counts)

The implication: condos offer roughly 44% lower entry price than houses, making them the most realistic path to homeownership for buyers under a $250,000 budget.

Where can I find condos for sale on the Regina waterfront?

Regina’s waterfront properties are rare, and most are centered around Wascana Lake. The limited supply means premium pricing — but also unique lifestyle perks. Here’s what to expect.

Waterfront condo neighborhoods in Regina

  • Wascana Lake area: scenic views, walking paths, close to downtown
  • Lakeview neighborhood: older condos with lake access, some with garages
  • Hillsdale: proximity to Wascana Creek, but fewer dedicated waterfront condos

According to Zillow Regina condos, fewer than 5% of condos in Regina mention “waterfront” in their descriptions. The implication: if you want a view, be prepared to pay a premium and act fast when listings appear.

The trade-off

Waterfront condos command 20–30% above the median price, but offer the best potential for appreciation in Regina’s market. For buyers who value scenery over square footage, the premium is often worth it.

The catch: fewer than one in twenty condos will even mention a waterfront view, so buyers must monitor listings daily.

Are new condos for sale in Regina currently available?

Yes, new condos are available, especially in East Regina and along the Ring Road corridor. Builders are adding inventory to meet demand from buyers who want modern finishes without renovation worries.

New condo developments in Regina

  • East Regina: multiple projects by local builders, prices starting around $200,000
  • Downtown: a handful of new loft-style units above commercial spaces
  • South Regina: limited new construction, mostly townhouse-style condos

REW Regina condos listings show 11 new listings added in the last 30 days, indicating steady turnover. However, the exact number of new developments is unclear — local real estate blogs like Kelsey Smith’s real estate blog advise checking builder websites directly for the most current projects.

Bottom line: Buyers who want the newest options should focus on East Regina and work with a realtor who tracks presales, because supply remains moderate.

What are the best 2 bedroom bungalow style condos with garage in Regina?

These are a sweet spot for downsizers and those who want single-level living without sacrificing parking. The combination of a garage and a ground-floor unit is in high demand.

Features of bungalow condos

  • No stairs — ideal for aging in place or accessibility
  • Private entrance and often a small yard or patio
  • Typically 1–2 bedrooms, with some offering a den

Benefits of having a garage

  • Protected parking from Saskatchewan winters
  • Extra storage for tools, seasonal items
  • Potential for workshop space

According to Kelsey Smith’s real estate blog, bungalow condos with attached garages are most common in Lakeview and Hillsdale, where older stock has been renovated. The trade-off: these units often have higher condo fees due to the garage maintenance included.

The pattern: buyers willing to pay higher monthly fees gain protected parking and single-level living — a rare combination in Regina.

How do I buy a condo in Regina?

The process shares many steps with buying a house, but condo purchases come with their own paperwork and financial considerations. Here’s a step-by-step guide.

Steps to buying a condo in Regina

  1. Get pre-approved for a mortgage — lenders will review your credit and income
  2. Find a real estate agent experienced in Regina condos (Kelsey Smith’s real estate blog recommends this)
  3. Search listings on REW or Zillow
  4. View properties and evaluate condo documents (reserve fund study, bylaws, meeting minutes)
  5. Make an offer with conditions (financing, inspection, document review)
  6. Close the deal — typically 30–60 days
What to watch

Condo fees can mask the true cost of ownership. A unit with low list price but high fees may cost more per month than a slightly more expensive house. Always factor in the monthly fee and future special assessments.

Financing and mortgage pre-approval

Most lenders require a down payment of at least 5% for condos under $500,000. Pre-approval locks in a rate for 90–120 days. Real Estate of Regina notes that condos are a more affordable option, making it easier to qualify for a mortgage than a house at $390,000.

Working with a real estate agent

A local agent knows which condos have healthy reserve funds and which buildings have pending special assessments. They can also access off-market listings. The agent’s commission is typically paid by the seller, so it’s cost-free to the buyer.

The catch: skipping the document review step could mean inheriting a building with an underfunded reserve fund and a surprise special assessment.

What is the average price of a condo in Regina?

Let’s look at the numbers. One pattern: Regina condos are significantly cheaper than houses, but prices vary widely by location and condition.

Condo price data from multiple sources.
Price metric Value Source
Median list price $190,000 REW Regina condos listings
Average price (Aug 2024) $220,000 Real Estate of Regina
Lowest listings ~$59,900 Content plan estimate (requires verification)
Highest listings $850,000 REW Regina condos listings

The average single-family home price in Regina is about $390,000, according to Real Estate of Regina. That means condos offer roughly 44% lower entry price. The implication: for buyers with a budget under $250,000, condos are the most realistic path to homeownership in the city.

Pros and cons of buying a condo vs house in Regina

Upsides

  • Lower purchase price compared to houses
  • Less maintenance — condo corporation handles exterior, landscaping, snow removal
  • Access to amenities (pool, gym, common rooms) for lower cost than building your own
  • Often located in walkable areas near downtown or parks

Downsides

  • Monthly condo fees can eat into savings
  • Less control over renovations and pet policies
  • Shared walls mean noise from neighbours
  • Reserve fund underfunding can lead to special assessments

According to Real Estate of Regina, houses offer more space and higher appreciation potential, but condos are better for those prioritizing affordability and low maintenance.

The pattern: the decision comes down to whether you value appreciation potential and control (house) or affordability and convenience (condo).

What real estate experts say about buying condos in Regina

“Condos are a more affordable option for first-time buyers and downsizers than houses in Regina.”

— Real Estate of Regina (local market analysis)

“Location is a key factor when choosing a condo. Buyers should evaluate amenities and budget wisely.”

— Kelsey Smith, Regina real estate agent

“Decluttering and presenting the home so buyers can imagine themselves living there can help a property stand out.”

— Regina realtor advice video (YouTube)

Summary

Regina’s condo market is a practical entry point for homebuyers who want to avoid the high cost and upkeep of a detached house. With median prices around $190,000 and a steady supply of new and resale units, the choice is clear: for first-time buyers and downsizers in Saskatchewan, the decision is to start with a condo, or wait for a house that may always be out of reach.

Additional sources

reregina.com, reginacondoguide.com

Whether you’re after a condo or a detached home, comparing the latest listings for Regina homes for sale can help you spot the best deals.

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Frequently asked questions

What are typical condo fees in Regina?

Condo fees vary widely by building and included services. Expect $200–$500 per month, covering insurance, maintenance, utilities, and reserve fund contributions. Always ask for the current budget and reserve fund study.

Are condos a good investment in Regina?

Condos have seen steady price appreciation — from $210,000 average in 2023 to $220,000 in 2024. They are generally a solid investment for cash flow if rented, but appreciation is lower than detached homes. According to Real Estate of Regina, houses appreciate faster, but condos offer better affordability.

How can I find condos for sale by owner in Regina?

Check local classifieds like Kijiji Regine, Facebook Marketplace, and for-sale-by-owner sites. Also look for “for sale by owner” signage in neighborhoods like Lakeview and Hillsdale.

What is the difference between a condo and a townhouse in Regina?

A condo is typically a unit within a larger building (apartment-style), while a townhouse is a multi-story attached home with its own entrance. Both may have condo fees, but townhouses often come with a small yard and no shared hallways. Bungalow condos bridge the gap — single-level units with private access.

Do condos in Regina include parking?

Many condos include one parking spot (surface or underground). Some buildings charge extra for a second spot. Always confirm parking availability and any associated fees before making an offer.

How long does it take to sell a condo in Regina?

According to REW Regina condos listings, new listings are added regularly, but days on market vary. In a balanced market, condos may take 30–60 days to sell. Condos in desirable locations with lower fees tend to move faster.

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