What is the average mortgage payment in Saskatchewan?

The average mortgage payment in Saskatchewan is approximately $1,893 per month. Average home prices are around $340,000–$380,000, making Saskatchewan one of the more affordable provinces for homeownership.

Does Saskatchewan have land transfer tax?

No. Saskatchewan does not charge a land transfer tax. Instead, it charges a land titles fee of 0.3% of property value. On a $360,000 home, the fee would be approximately $1,080 — significantly less than land transfer taxes in Ontario, BC, or Quebec.

What does a house cost in Regina and Saskatoon?

The average home price in Regina is approximately $380,000, while Saskatoon averages around $370,000. Both cities offer affordable housing compared to major centres in Ontario and BC.

What are closing costs in Saskatchewan?

Closing costs in Saskatchewan typically include land titles fees (0.3% of property value), legal fees ($1,200–$2,000), home inspection ($300–$500), and title insurance ($200–$400). Total closing costs are approximately 1%–2% of the purchase price — among the lowest in Canada.

Is Saskatchewan a good place to buy a home in 2026?

Saskatchewan offers strong affordability — average prices around $360,000, no land transfer tax, and relatively stable employment anchored by agriculture, mining, and government. Regina and Saskatoon are both solid markets for first-time buyers. Price appreciation has historically been moderate, making it a stable rather than speculative market.

What income do I need to buy a home in Saskatchewan?

To qualify for a mortgage on the average Saskatchewan home ($360,000) with 5% down, you generally need a gross household income of approximately $91,000, based on the stress test qualifying rate of ~6.25%. With 20% down, the required income drops to roughly $83,000.

Saskatchewan Mortgage Calculator

Estimate your monthly mortgage payment based on Saskatchewan home prices. Saskatchewan offers affordable housing with no land transfer tax, making it an accessible market for first-time buyers and families.

The average home price in Saskatchewan is approximately $360,000. With a minimum down payment of $18,000 (5%) and CMHC insurance, the total mortgage would be approximately $355,740. At a 4.25% interest rate over 25 years, the monthly mortgage payment would be $1,923.

Total Monthly Payment: -

Monthly Mortgage Payment

5-year term summary:

25-year summary:

Example: For a $650,000 home with $40,000 down at 4.25% over 25 years, the estimated monthly mortgage payment is approximately $3,476. CMHC mortgage insurance of $24,400 applies since the down payment is less than 20%. Total loan: $634,400. Over 25 years you would pay approximately $409,400 in interest.

Saskatchewan mortgage payment examples

Home Price	Down Payment	Mortgage + CMHC	Monthly at 4%	Monthly at 5%	Monthly at 6%
$200,000	$20,000	$185,580	$978	$1,084	$1,194
$300,000	$30,000	$278,370	$1,467	$1,626	$1,792
$360,000	$36,000	$334,008	$1,760	$1,951	$2,150
$450,000	$45,000	$417,825	$2,202	$2,441	$2,690
$550,000	$55,000	$510,225	$2,689	$2,980	$3,285

No land transfer tax in Saskatchewan

Saskatchewan does not charge a land transfer tax. Instead, buyers pay a land titles fee of 0.3% of the property value.

Example: On a $360,000 home, the land titles fee would be approximately $1,080 — compared to $5,275 in Ontario or $3,200 in BC for the same price.

Saskatchewan property tax rates

Municipality	Approximate Tax Rate	Annual Tax on $360,000 Home
Regina	1.08%	$3,888
Saskatoon	1.02%	$3,672
Moose Jaw	1.24%	$4,464
Prince Albert	1.35%	$4,860
Swift Current	1.10%	$3,960

Saskatchewan property taxes include municipal and education components. Rates are moderate compared to national averages.

Saskatchewan housing cost breakdown

Cost Category	Typical Monthly Range
Mortgage payment (on average home)	$1,800 – $2,100
Property taxes	$300 – $410
Home insurance	$100 – $175
Utilities & heating	$200 – $400
Maintenance (1% of value/year)	$300 – $360

Total estimated monthly cost: $2,700 – $3,445

Saskatchewan-specific homebuyer considerations

No land transfer tax — Only a 0.3% land titles fee applies, saving thousands compared to most provinces.
PST on new homes — Saskatchewan charges 6% PST on new construction (in addition to 5% GST). This does not apply to resale homes.
Saskatchewan Home Renovation Tax Credit — An income tax credit for eligible renovation expenses.
Higher heating costs — Similar to Manitoba, Saskatchewan’s cold winters increase heating expenses. SaskPower and SaskEnergy rates are moderate but winter bills can be significant.
First Home Savings Account (FHSA) — Save up to $40,000 tax-free. See the FHSA calculator.
RRSP Home Buyers’ Plan — Withdraw up to $60,000 ($120,000 per couple) for a down payment.

Saskatchewan housing market overview

Regina — The provincial capital, with average prices around $380,000. Government and agriculture drive the economy. See the Regina housing market report.
Saskatoon — Slightly more affordable at around $370,000, with a diversified economy including mining, agriculture, and technology. See the Saskatoon housing market report.
Smaller centres — Cities like Moose Jaw, Prince Albert, and Swift Current offer homes under $250,000.

How much income do you need to buy in Saskatchewan?

Qualifying income estimates based on 25-year amortization and stress test (~6.25%):

Home Price	Min. Down (5%)	Income Needed (5% down)	Income Needed (20% down)
$250,000	$12,500	$63,000	$58,000
$360,000	$18,000	$91,000	$83,000
$450,000	$22,500	$113,000	$103,000
$550,000	$27,500	$138,000	$127,000

Saskatchewan’s moderate prices mean a household earning $80,000–$100,000 can comfortably afford the average home.

Saskatchewan vs. neighbouring provinces

Province	Avg. Home Price	Transfer/Title Fee	Land Tax Rate	Monthly Cost (avg. home)
Saskatchewan	$360,000	~$1,080 (0.3%)	No LTT	$2,700–$3,445
Manitoba	$370,000	~$4,400 LTT	Yes	$2,790–$3,445
Alberta	$490,000	~$2,165 (0.48%)	No LTT	$3,700–$4,500
BC	$950,000	~$16,000 PTT	Yes	$6,500–$8,000

Saskatchewan and Manitoba are the most affordable prairie provinces. Saskatchewan’s land title fee is significantly lower than Manitoba’s land transfer tax on the same purchase price.

Saskatchewan first-time buyer programs

Program	Benefit
No land transfer tax	Only 0.3% land titles fee — one of the lowest in Canada
FHSA	Up to $40,000 in tax-deductible, tax-free savings for a down payment
RRSP Home Buyers’ Plan	Withdraw up to $60,000 per person for down payment
CMHC mortgage insurance	Enables 5% down payment
Saskatchewan Home Renovation Tax Credit	Credit for eligible renovation costs

Saskatchewan Land Titles Fee Calculator — Calculate your land titles fees
Mortgage Affordability Calculator — How much house can you afford?
Mortgage Down Payment Calculator — Minimum down payment
Closing Costs Calculator — Estimate all purchase costs