5-year fixed broker floor: 4.04% · Variable broker floor: 3.60% · Qualifying income for median Saskatchewan home (~$300K): approximately $80,025/yr.
Paid report options after the free check: Rate Fairness Report CA$24 · Full Renewal Decision Report CA$49. No broker calls. No data sold.
Canadian mortgage rates are set nationally — the benchmark is the same in Saskatchewan as across Canada. The table below shows current estimated benchmark rates for all terms, based on Bank of Canada data. Rates assume excellent credit (750+ score) and represent the best available pricing tier.
| Term | Fixed broker floor | Fixed bank avg | Variable broker floor |
|---|---|---|---|
| 1-Year | 4.54% | 4.79% | 3.60% |
| 2-Year | 4.34% | 4.59% | 3.60% |
| 3-Year | 4.19% | 4.44% | 3.60% |
| 4-Year | 4.09% | 4.34% | 3.60% |
| 5-Year | 4.04% | 4.29% | 3.60% |
| 7-Year | 4.24% | 4.49% | 3.60% |
| 10-Year | 4.49% | 4.74% | 3.60% |
Saskatchewan charges a Land Title Transfer Fee rather than a traditional Land Transfer Tax.
On a $300,000 property, fees are approximately $1,980. Saskatchewan has no true Land Transfer Tax — only this registration fee, making it one of the lowest closing-cost provinces.
| Value threshold | Tax rate / fee |
|---|---|
| Up to $500 | $25 minimum |
| Above prior bracket | $0.30 per $100 on first $30K + $0.65 per $100 above $30K |
For the Saskatchewan median purchase price of approximately $300,000 with 10% down ($30,000):
Mortgage amount: $270,000 · Stress test qualifying rate: 6.04% · Monthly P&I at qualifying rate: $1,734/month · Annual PITH: ~$25,608 · Required gross income (32% GDS): approximately $80,025/year.
Saskatchewan borrowers qualify at the federal stress test rate. The province offers some of Canada's most affordable housing markets.
Mortgage brokers and lenders in Saskatchewan are regulated by the Financial and Consumer Affairs Authority of Saskatchewan (FCAA). Borrowers in Saskatchewan can access the full range of federally regulated banks, provincially regulated credit unions, and monoline lenders through the broker channel.
Major cities in Saskatchewan: Saskatoon, Regina, Prince Albert, Moose Jaw.
CMHC mortgage insurance applies in Saskatchewan for eligible purchases under $1,500,000 with less than 20% down (as of December 2024).
Select your term, rate type, credit tier, and intent to see a detailed rate page for your exact borrower scenario in Saskatchewan.
Many Saskatchewan borrowers are renewing mortgages locked in at historically low rates between 2019 and 2023. If you locked in during this period, your renewal represents a significant payment change.
Select your original term and year to see your specific renewal shock analysis:
The current 5-year fixed mortgage broker floor in Saskatchewan is approximately 4.04% and the bank average is 4.29%. Variable rate broker floor is approximately 3.60%. These are national benchmark rates that apply equally in all provinces.
Saskatchewan charges a Land Title Transfer Fee rather than a traditional Land Transfer Tax. On a $300,000 property, fees are approximately $1,980. Saskatchewan has no true Land Transfer Tax — only this registration fee, making it one of the lowest closing-cost provinces.
For a Saskatchewan median home price of approximately $300,000 with 10% down, you need approximately $80,025 in gross annual income under the 2026 stress test at 6.04%. This is an estimate — your lender calculates your exact qualifying income.
Saskatchewan does not offer a provincial LTT rebate for first-time buyers. The federal First Home Savings Account (FHSA) is available to eligible first-time buyers nationally.
Mortgage brokers in Saskatchewan are regulated by the Financial and Consumer Affairs Authority of Saskatchewan (FCAA).