Balanced Market

Mortgage Rates in Saskatchewan

Saskatchewan is one of Canada's most affordable provinces with strong agricultural and energy sectors. Saskatoon and Regina offer excellent value for first-time buyers.

Avg Home Price

$310,000

Benchmark Price

$295,000

Year-Over-Year

↑ 3.1%

Best 5-Yr Fixed

4.89%

Today's Best Rates in SK

📅 Page updated: July 9, 2026·⚡ Rate data: May 25, 2026·Methodology

Rate Type	Best Rate	Monthly Payment*	Term
5-Year Fixed	4.89%	~$2,301/mo	5 Years
5-Year Variable	5.45%	~$2,430/mo	5 Years
3-Year Fixed	4.74%	~$2,268/mo	3 Years
2-Year Fixed	5.1%	~$2,349/mo	2 Years
HELOC	6.2%	~$2,583/mo (interest only)	Revolving

*Based on $500K mortgage, 25-year amortization, Canadian semi-annual compounding. Last updated: May 25, 2026.

Bank vs. Broker Rate Comparison

See how Big 6 posted rates stack up against the best broker rates available in Saskatchewan.

Lender	Type	5-Yr Fixed	3-Yr Fixed	5-Yr Variable	Action
National Bank	Bank	4.43%	4.44%	4.49%	Get Quote →
CIBC	Bank	4.51%	4.51%	4.12%	Get Quote →
RBC Royal Bank	Bank	4.62%	4.43%	3.98%	Get Quote →
BMO	Bank	4.76%	4.67%	4.12%	Get Quote →
TD Bank	Bank	4.96%	4.72%	4.31%	Get Quote →
Scotiabank	Bank	6.09%	6.05%	4.90%	Get Quote →
TOPTop Broker 🏆	Broker	4.89%	4.74%	5.45%	Get My Rate →

Bank rates shown are posted rates sourced from Bank of Canada. Actual rates may vary. Broker rates reflect best available insured rates from 50+ lenders. Last updated: May 25, 2026.

Land Transfer Tax in Saskatchewan

No provincial LTT rebate program currently

First-Time Buyer Programs in Saskatchewan

First Home Savings Account (FHSA)
RRSP Home Buyers Plan
CMHC Mortgage Insurance

Mortgage Rates by City in Saskatchewan

Saskatoon

Avg $380,000

+3.4%

Regina

Avg $310,000

+2.8%

Frequently Asked Questions

What is the average home price in Saskatchewan?

The average home price in Saskatchewan is approximately $310,000, with Saskatoon averaging $380,000 and Regina around $310,000.

Is there a land transfer tax in Saskatchewan?

Saskatchewan charges a small land title transfer fee but no percentage-based land transfer tax, making it more affordable than Ontario or BC at closing.

What is the average mortgage rate in Saskatchewan?

The best 5-year fixed mortgage rate in Saskatchewan is currently around 4.89%, consistent with national rates.

Is Saskatoon or Regina better for real estate?

Saskatoon has shown stronger price growth and a more diversified economy. Regina offers slightly lower prices with stable government employment. Both are affordable by Canadian standards.

What programs help first-time buyers in Saskatchewan?

Saskatchewan first-time buyers can access the federal FHSA, Home Buyers Plan, CMHC insured mortgages, and Saskatchewan Housing Corporation programs for eligible buyers.

How do mortgage brokers work in Saskatchewan?

Saskatchewan mortgage brokers are licensed by FCAA (Financial and Consumer Affairs Authority) and can shop your application to multiple lenders for free.

Is Saskatchewan real estate a good investment?

Saskatchewan's affordability and resource-based economy provide stable real estate fundamentals. Rental yields tend to be strong relative to purchase prices.

What is the stress test in Saskatchewan?

The federal mortgage stress test applies in Saskatchewan. You must qualify at your contract rate plus 2% or 5.25%, whichever is higher.

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