Foam Lake was founded in 1882 by Joshua Milligan, an English fur trader. It was subsequently settled by Icelanders, Ukrainians, and various
English-speaking nationalities. It was incorporated as a town in 1924. The Foam Lake Museum ( 1926) is a Municipal Heritage Property on the
Canadian Register of Historic Places.{{Cite web | last =Foam Lake Museum | title =Canadian Register of Historic Places | url =http://www.historicplaces.ca/en/rep-reg/place-lieu.aspx?id=4972 In the summer of 2006, two major fires destroyed a major part of Main Street in Foam Lake. The first fire destroyed three businesses and one home. These included the water fountain/Sears outlet/Backyard Studios, the doctor's office, and Dennis' Cafe, which was also the owner's home.{{Cite web | last = CBC News | author-link = CBC News | date=June 29, 2006 | title =Fire destroys businesses in Foam Lake | url =https://www.cbc.ca/news/canada/saskatchewan/fire-destroys-businesses-in-foam-lake-1.591068 | last =Foam Lake, SK | date= 2006-07-31 | title =Fire Canada | url =http://www.firecanada.ca/responses/2006/07/20060731-foamlake/ == Demographics ==