Saskatchewan Mortgage Payments
Mortgage rates, average home prices, and payment calculations for Saskatchewan (SK). Updated for 2026.
Monthly Payment
$1,583.79
at 4.29% fixed
Avg. Home Price
$315,000.00
Best Fixed Rate
4.29%
Best Variable Rate
3.95%
Current Mortgage Rates in Saskatchewan
| Rate Type | Posted Rate | Best Available | Discount |
|---|---|---|---|
| 5-Year Fixed | 6.49% | 4.29% | -2.20% |
| 5-Year Variable | 5.45% | 3.95% | -1.50% |
Rates are approximate and updated periodically. Always confirm with your lender.
Mortgage on the Average Saskatchewan Home
$315,000.00 home with 10% down ($31,500.00) at 4.29% over 25 years
Payment Frequency Comparison
How different payment schedules affect your mortgage at 4.29%
| Frequency | Payment | Total Interest | Total Cost | Interest Saved |
|---|---|---|---|---|
| Monthly | $1,583.79 | $182,848.68 | $475,137.18 | -- |
| Bi-Weekly | $730.98 | $182,848.68 | $475,137.18 | -$0.00 |
| Accelerated Bi-Weekly | $791.90 | $222,443.44 | $514,731.94 | -$39,594.76 |
Fixed vs. Variable Rate
Monthly payment comparison for $315,000.00 home with 10% down
| Rate Type | Rate | Monthly Payment | Total Interest (25 yr) | Difference |
|---|---|---|---|---|
| 5-Year Fixed | 4.29% | $1,583.79 | $182,848.68 | -- |
| 5-Year Variable | 3.95% | $1,529.58 | $166,586.80 | $54.21/mo less |
Property Costs in Saskatchewan
Excludes utilities, home insurance, and maintenance. Property tax based on 1.15% average rate.
Mortgage Payments Across Canada
Average home with 10% down, 25-year amortization at best available fixed rate
| Province | Avg. Home Price | Rate | Down (10%) | Monthly Payment |
|---|---|---|---|---|
| Newfoundland and Labrador (NL) | $280,000.00 | 4.39% | $28,000.00 | $1,422.14 |
| New Brunswick (NB) | $310,000.00 | 4.29% | $31,000.00 | $1,558.65 |
| Saskatchewan (SK) | $315,000.00 | 4.29% | $31,500.00 | $1,583.79 |
| Manitoba (MB) | $355,000.00 | 4.29% | $35,500.00 | $1,784.91 |
| Prince Edward Island (PE) | $370,000.00 | 4.39% | $37,000.00 | $1,879.26 |
| Northwest Territories (NT) | $380,000.00 | 4.49% | $38,000.00 | $1,949.60 |
| Nova Scotia (NS) | $420,000.00 | 4.29% | $42,000.00 | $2,111.72 |
| Nunavut (NU) | $420,000.00 | 4.59% | $42,000.00 | $2,176.53 |
| Alberta (AB) | $470,000.00 | 4.29% | $47,000.00 | $2,363.12 |
| Quebec (QC) | $510,000.00 | 4.29% | $51,000.00 | $2,564.23 |
| Yukon (YT) | $530,000.00 | 4.49% | $53,000.00 | $2,719.17 |
| Ontario (ON) | $880,000.00 | 4.29% | $88,000.00 | $4,424.56 |
| British Columbia (BC) | $960,000.00 | 4.39% | $96,000.00 | $4,875.92 |
Housing Market in Saskatchewan
Saskatchewan offers highly affordable housing, with Saskatoon and Regina as the two main markets. The province does not charge a land transfer tax, which reduces closing costs for buyers. Property tax rates are moderate, and the lower home prices mean that many buyers can achieve homeownership with manageable monthly payments even at current interest rate levels.
Saskatchewan does not impose a land transfer tax, though buyers pay a nominal title transfer fee. Property tax rates in Saskatoon and Regina typically range from 1.0% to 1.3% of assessed value. The absence of a land transfer tax, combined with low home prices, makes Saskatchewan one of the most cost-effective places to buy a home in Canada. CMHC insurance is often not required for buyers who have saved a 20% down payment, which is achievable given the lower price point.
Saskatchewan's housing market is expected to remain stable with modest price appreciation. The economy is diversified across agriculture, mining (particularly potash and uranium), and oil. Population growth has been moderate, supported by immigration. The affordability advantage means that housing market stress from interest rate changes is less severe than in higher-priced markets. First-time buyers in Saskatchewan benefit from the combination of no land transfer tax, moderate prices, and access to federal programs like the FHSA.