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All Canada · Saskatchewan (SK)
Saskatchewan's average home price is $334,166 as of February 2026 — one of the most affordable provinces in Canada. Saskatchewan has no provincial land transfer tax — buyers pay only a small land title transfer fee, making closing costs significantly lower than Ontario or BC. Best 5-year fixed insured mortgage rates in Saskatchewan follow the national market: 4.39% fixed and 3.60% variable as of November 9, 2026. Saskatchewan's housing market is driven by affordability and resource-sector employment, with steady price growth and strong demand from first-time buyers priced out of larger markets.
Saskatchewan (SK): no provincial LTT — land title transfer fee only. Defaults ~$334,166 / 20% down.
20.0% of home price⚠️ CMHC insurance applies
| Down | Down payment | CMHC | Monthly |
|---|---|---|---|
| 5% | $16,708 | $12,698 | $1,827.32 |
| 10% | $33,417 | $12,030 | $1,731.15 |
| 20% | $66,833 | $7,485 | $1,521.04 |
| 25% | $83,542 | — | $1,387.14 |
Canadian mortgages use nominal rates compounded semi-annually (converted to an effective annual rate, then to your payment frequency). Chart shows cumulative principal and interest paid each year; ending balance trends down toward zero.
Total interest paid
$181,495
Total amount paid
$456,314
Principal + interest on the loan
Interest vs purchase price
54%
of home price goes to interest (illustrative)
Same loan amount, rate, and amortization as above. Semi-monthly and bi-weekly match your monthly cash flow; accelerated bi-weekly uses half the monthly payment every two weeks (13 monthly equivalents per year).
| Frequency | Payment amount | Total interest | Payoff time | Savings vs monthly |
|---|---|---|---|---|
| Monthly | $1,521.05 | $181,495 | 25 years | — |
| Semi-monthly | $760.52 | $180,719 | 24 years 11 months | $776 |
| Bi-weekly | $702.02 | $180,660 | 25 years | $835 |
| Accelerated bi-weeklyRecommended | $760.52 | $153,970 | 21 years 8 months | $27,525 |
Savings vs monthly shown on wider screens.
+$7,485 CMHC insurance premium added to loan (2.8% of mortgage).
| Year | Average Price | Change YoY |
|---|---|---|
| 2024 | ~$310,000 | +3.2% |
| 2025 | ~$323,000 | +4.2% |
| Feb 2026 | $334,166 | +3.5% |
Saskatchewan has no provincial land transfer tax — one of only two provinces (with Alberta) that charges no LTT. Saskatchewan buyers pay only a small land title transfer fee: $0 on the first $500, $25 on amounts from $500 to $6,300, and 0.4% on amounts above $6,300. On a $334,166 home, the land title transfer fee is approximately $1,311 — compared to $4,000–$9,000 in Ontario or BC. There is no first-time buyer rebate in Saskatchewan because no significant transfer tax applies.
| Home Price | Minimum Down Payment | CMHC Insurance Required |
|---|---|---|
| Up to $500,000 | 5% ($16,708) | Yes |
| $500,001–$999,999 | 5% on first $500K + 10% on remainder | Yes |
| $1,000,000+ | 20% | No |
At Saskatchewan's average price of $334,166 with 5% down ($16,708), your insured mortgage is $317,458 plus CMHC premium (~$12,698), totalling approximately $330,156. At an example qualifying rate of 5.99% (a 3.99% contract rate + 2%), you need gross annual income of approximately $62,000–$72,000 to pass the stress test — one of the most accessible income thresholds of any Canadian province.
Saskatchewan's average home price is approximately $334,166 as of February 2026, up about 3.5% year-over-year. Saskatchewan is one of Canada's most affordable provinces, with Regina averaging around $310,000 and Saskatoon around $380,000.
No. Saskatchewan has no provincial land transfer tax. Buyers pay only a small land title transfer fee — approximately $1,311 on a $334,166 home. This is significantly less than Ontario (~$4,500–$9,500) or BC (~$5,000–$6,000) land transfer taxes.
Best 5-year fixed insured mortgage rates in Saskatchewan follow the national market: 4.39% fixed and 3.60% variable as of November 9, 2026.
To afford Saskatchewan's average home of $334,166 with 5% down at an example rate of 3.99%, you need approximately $62,000–$72,000 in gross annual income to pass the mortgage stress test at 5.99%. Saskatchewan has one of the most accessible income thresholds of any major Canadian province.
For Saskatchewan's average home of $334,166, the minimum down payment is 5% — approximately $16,708. Since the price is under $500,000, the full 5% rule applies. CMHC mortgage insurance is required.
Property tax in Saskatchewan is set at the municipal level using mill rates rather than a single provincial rate. Regina and Saskatoon have different effective rates — generally in the range of 1.0%–1.5% of assessed value. On a $334,166 home, annual property taxes are approximately $3,300–$5,000 depending on municipality.
Educational estimates only. Not a lender pre-approval.