Home prices in Saskatchewan have risen over the past few years, much like everywhere else in Canada. If you plan to buy in Saskatoon, Regina or a smaller centre, find out what homes there sell for before you shop for a mortgage.
The average house price in Saskatchewan came in at $376,700 for September 2026, using CREA's benchmark for a typical home. Compare that with the average house price in Canada, which was $666,538.
The sections below cover prices in Saskatoon and Regina, monthly payments, the ISC fees due at closing and the steps to get a mortgage here.
Key Points
- A typical Saskatchewan home carried a $376,700 benchmark price in September 2026, 2.8% higher than twelve months earlier.
- Saskatoon is the most expensive big market at $439,600. A typical Regina home costs $343,900.
- The province is one of Canada's cheapest places to buy, well under the $666,538 national average price.
- A home at the benchmark price means a monthly mortgage of $1,753 to $2,165, based on how much you put down.
- There's no land transfer tax, but ISC charges 0.4% of the home's value to transfer the title, about $1,507 on a $376,700 home.
How Much Is The Average House Price In Saskatchewan?
A typical Saskatchewan home was worth $376,700 in September 2026, up 2.8% over twelve months.2 CREA reports the province's prices with its MLS HPI benchmark. That number estimates what a standard home is worth, so it isn't thrown off when a given month happens to see more large or small homes sell.
Its all-time high was $385,900, reached in June 2026, and it's now 2.4% lower.2 It's still more than 3.4 times its January 2005 level of $109,800.
Saskatchewan Benchmark Home Price, 2005 To 2026
Peak $385,900 in June 2026 | September 2026: $376,700
Source: CREA MLS Home Price Index, Saskatchewan composite benchmark price, not seasonally adjusted.
Where you buy in the province makes a real difference. Here's how its two biggest cities compare:
| Market | Benchmark Price (September 2026) | Year-Over-Year Change |
|---|---|---|
| Saskatoon | $439,600 | +2.5% |
| Saskatchewan (province) | $376,700 | +2.8% |
| Regina | $343,900 | +2.9% |
Source: CREA MLS Home Price Index (September 2026).2 Expect to pay about $95,700 more for a typical home in Saskatoon than in Regina. Home type also changes the price:
| Property Type | Saskatchewan | Saskatoon | Regina |
|---|---|---|---|
| Single-family home | $406,000 | $509,700 | $369,600 |
| Townhouse | $328,500 | $359,400 | $263,500 |
| Apartment | $253,100 | $265,200 | $234,500 |
Source: CREA MLS Home Price Index (September 2026).2 Province-wide, a typical single-family home costs roughly $153,000 more than a typical apartment, so a condo can be a cheaper way to start owning.
How Do Saskatchewan Prices Stack Up Against The Rest Of Canada?
They're far lower, by about $290,000. That's the gap between Saskatchewan's benchmark and Canada's average price, and only Newfoundland and Labrador and New Brunswick come in lower.1
| Region | Home Prices (September 2026) | Year-Over-Year % Change |
|---|---|---|
| Canada | $666,538 | -1.6% |
| British Columbia | $923,887 | -2.4% |
| Ontario | $791,691 | -4.3% |
| Quebec | $563,241 | 2.2% |
| Alberta | $525,308 | 5.2% |
| Nova Scotia* | $423,200 | -2.5% |
| Manitoba* | $388,200 | 3.4% |
| Prince Edward Island* | $377,900 | 0.5% |
| Saskatchewan* | $376,700 | 2.8% |
| Newfoundland and Labrador* | $355,600 | 5.5% |
| New Brunswick* | $341,700 | 2.7% |
Source: CREA (September 2026).1 Starred provinces show their MLS HPI benchmark, and the others show an average sale price. Saskatchewan gained 2.8% over the year while the national average fell 1.6%.
What Drives Home Prices In Saskatchewan?
Seven things have the biggest say in what Saskatchewan homes cost:
Borrowing Costs
If you need a mortgage to buy a home, a lower rate makes it cheaper to carry. You pay less interest over the life of the loan at a lower rate, and more at a higher one.
Rates also shift demand. Cheaper mortgages pull more buyers into the market and push prices up. When borrowing gets more expensive, fewer people buy and prices come under pressure.
Borrowing got a bit pricier on October 28, 2026. That day, the Bank of Canada's policy rate went from 2.25% to 2.50%.5
The Provincial Economy
A healthy local economy tends to bring stronger confidence and spending, and home prices usually rise with it. When the economy slows, prices tend to slow down as well.
Jobs
People with steady work are in a better position to buy, which supports prices. If unemployment climbs, fewer people can afford a home, demand drops and prices grow more slowly.
How Many Homes Are Listed
In a seller's market, few homes are for sale and plenty of buyers want them, so prices climb. A buyer's market is the reverse: more homes for sale than people to buy them, so sellers often price lower to draw interest.
Where The Home Sits
The same house is worth more on a big lot on a quiet cul-de-sac than on a small lot beside a busy road.
The city matters too. Saskatoon's typical home was worth $439,600 in September 2026 by CREA's benchmark, compared with $343,900 in Regina.2
How Old And Well-Kept The Home Is
A newer home built with modern materials is usually in better shape than an older one that hasn't been looked after, so it's valued higher.
Features such as granite counters, hardwood floors, a fireplace or energy-efficient windows can add value as well.
What Similar Homes Sold For
Agents set listing prices using neighbourhood comparables, or "comps." The best comps closely match the home, sold recently and sit in the same area.
Average Home Prices Across Canada
What's The Monthly Mortgage On A $376,700 Saskatchewan Home?
On a $376,700 home at Saskatchewan's benchmark price, monthly mortgage payments would land between $1,753 and $2,165. Your down payment decides where you fall in that range. The table uses the benchmark price, a 5% fixed rate and a 25-year amortization.
Swipe to see all →
| Down Payment | Amount Down | CMHC Insurance Premium | Total Mortgage | Monthly Payment |
|---|---|---|---|---|
| Minimum (5%)* | $18,835 | $14,315 (4.00%) | $372,180 | $2,165 |
| 10% | $37,670 | $10,510 (3.10%) | $349,540 | $2,033 |
| 20% | $75,340 | None | $301,360 | $1,753 |
*Homes priced at $500,000 or less need at least 5% down. At $376,700, that comes to $18,835.
These numbers are for illustrative purposes only. Actual numbers may vary.
If you put down less than 20%, you'll pay for mortgage default insurance, and the premium is folded into your loan. That's why the 5% and 10% rows show larger mortgages. On top of that, the premium carries 6% PST. Unlike the premium, the PST has to be paid up front rather than added to the loan: about $859 with the minimum down payment or $631 with 10% down.
What Happens To Your Payment If Rates Change?
If you put 20% down, you'd borrow $301,360. On that amount, a half-point rate change moves your payment up or down by $80 to $90 or so.
| Interest Rate | Monthly Payment | Total Interest Over 25 Years |
|---|---|---|
| 4.0% | $1,585 | $174,204 |
| 4.5% | $1,668 | $199,024 |
| 5.0% | $1,753 | $224,457 |
| 5.5% | $1,839 | $250,483 |
| 6.0% | $1,928 | $277,076 |
These numbers are for illustrative purposes only. Actual numbers may vary.
The calculator below shows your payment for any price, rate or down payment you choose.
Mortgage Calculator
| Amortization | Payment | Total interest | Total paid |
|---|---|---|---|
| 15 years | $3,356.62 | $164,191.53 | $604,191.53 |
| 20 years | $2,773.78 | $225,707.84 | $665,707.84 |
| 25 years | $2,435.28 | $290,584.30 | $730,584.30 |
| 30 years | $2,218.55 | $358,677.44 | $798,677.44 |
| Year | Principal paid | Interest paid | Balance left |
|---|---|---|---|
| Year 1 | $9,805.24 | $19,418.13 | $430,194.76 |
| Year 2 | $10,251.44 | $18,971.93 | $419,943.33 |
| Year 3 | $10,717.94 | $18,505.43 | $409,225.38 |
| Year 4 | $11,205.67 | $18,017.70 | $398,019.71 |
| Year 5 | $11,715.60 | $17,507.77 | $386,304.11 |
| Year 6 | $12,248.74 | $16,974.64 | $374,055.37 |
| Year 7 | $12,806.13 | $16,417.24 | $361,249.24 |
| Year 8 | $13,388.89 | $15,834.48 | $347,860.35 |
| Year 9 | $13,998.17 | $15,225.20 | $333,862.18 |
| Year 10 | $14,635.17 | $14,588.20 | $319,227.01 |
| Year 11 | $15,301.16 | $13,922.21 | $303,925.85 |
| Year 12 | $15,997.46 | $13,225.91 | $287,928.39 |
| Year 13 | $16,725.45 | $12,497.93 | $271,202.94 |
| Year 14 | $17,486.56 | $11,736.81 | $253,716.38 |
| Year 15 | $18,282.31 | $10,941.07 | $235,434.07 |
| Year 16 | $19,114.27 | $10,109.11 | $216,319.81 |
| Year 17 | $19,984.08 | $9,239.29 | $196,335.72 |
| Year 18 | $20,893.49 | $8,329.89 | $175,442.24 |
| Year 19 | $21,844.27 | $7,379.10 | $153,597.97 |
| Year 20 | $22,838.32 | $6,385.05 | $130,759.65 |
| Year 21 | $23,877.61 | $5,345.77 | $106,882.04 |
| Year 22 | $24,964.19 | $4,259.19 | $81,917.86 |
| Year 23 | $26,100.21 | $3,123.16 | $55,817.64 |
| Year 24 | $27,287.94 | $1,935.44 | $28,529.71 |
| Year 25 | $28,529.71 | $693.66 | $0.00 |
Estimates only. How we calculate: home price minus your down payment, repaid in equal payments at your rate, with interest compounded semi-annually, as fixed-rate mortgages in Canada usually are. Accelerated payments are your monthly payment split in two (bi-weekly) or four (weekly), which pays the mortgage off sooner. With less than 20% down on a home under $1.5 million, the CMHC default insurance premium (2.80% to 4.00% of the loan, by down payment) is added to the mortgage; in Ontario, Quebec and Saskatchewan, the provincial sales tax on it is due at closing and isn't included. Property tax and other fees are not included.
Do You Pay Land Transfer Tax In Saskatchewan?
No. Saskatchewan doesn't have a land transfer tax. When the sale closes, you pay land titles fees to Information Services Corporation (ISC), the company that runs the provincial land registry.3
ISC's current fee schedule took effect April 15, 2026. For a title worth more than $6,300, the transfer fee is 0.4% of its value.3 Mortgage registration is a flat fee tied to how much you borrow: $200 for less than $250,000, $275 for $250,000 to $500,000 and $525 for $500,000.01 to $750,000.3
| Fee | How It Works | On A $376,700 Home |
|---|---|---|
| Title transfer ($376,700 home) | 0.4% of the title's value | $1,506.80 |
| Mortgage registration ($301,360 mortgage) | Flat fee for mortgages from $250,000 to $500,000 | $275.00 |
| Total | $1,781.80 |
These numbers are for illustrative purposes only. Actual numbers may vary.
With no tax to begin with, there's no first-time buyer rebate to claim. Plan to pay these ISC fees on top of your down payment, along with legal fees, an inspection and moving costs.
How Much House Can You Afford In Saskatchewan?
That depends on your income, your debts and how much you've saved for a down payment. A good first step is to total up your regular monthly bills:
- Household bills - utilities and subscriptions
- Transportation - car loan, gas and insurance
- Loans and cards - student loans, personal loans and credit card bills
- Living costs - groceries, entertainment and anything else you spend on regularly
Next, work out your GDS and TDS. Together they make up your debt service ratio, and lenders use them to set how large a mortgage you qualify for.
How GDS And TDS Work
GDS is the share of your income before tax that goes to housing: mortgage payments (principal and interest), property taxes and heating. A lower number is better.
TDS is the share of that same income that covers every debt you pay, including your mortgage, personal loans, car loans, credit cards and anything else you owe.
With your ratios in hand, check your mortgage affordability and settle on a price range you can stay within.
What Will You Spend On A Saskatchewan Home After You Buy?
Your mortgage isn't the only bill. Property tax is usually the largest of the rest, so add these to your budget before you bid:
| Expense | What To Expect |
|---|---|
| Property taxes | Your municipality sets a rate and applies it to the home's taxable assessment. Saskatoon's 2026 residential rate is 1.30835%, split into 0.80291% for the city, 0.07844% for the library and 0.427% for schools. A taxable assessment of $300,000 would mean about $3,925 a year.4 |
| Home insurance | A lender won't give you a mortgage until the home is insured. |
| Utilities | Heat, power, water, internet and phone, billed every month. |
| Maintenance and repairs | Roofs, furnaces, windows and appliances eventually need repairs or replacing. |
| Condo fees | Monthly fees go toward upkeep of the building and its common areas. |
Is A Condo Or A House Better For You In Saskatchewan?
It comes down to what you can spend and how you like to live. In September 2026, a typical single-family home in the province was benchmarked at $406,000, and a typical apartment at $253,100.2 Each option has trade-offs, so compare them before you choose.
Reasons To Choose A Condo
- It costs less - Condos are usually much cheaper than houses. If money is tight, one can be a good first step into owning.
- Someone else handles the chores - In a house, mowing, shovelling and garden care are all on you. In a condo, your monthly fees pay for the building's upkeep.
- Amenities in the building - Many condos have a gym, party room, pool or even a pet wash. What you get depends on the building, and more features usually mean higher fees.
- Close to jobs and entertainment - Condos are often in busier areas where you can walk to work, shops and daily errands.
Reasons To Choose A House
- More room - A typical condo limits your square footage. A house usually gives you much more space, inside and out.
- Freedom to make changes - You can decorate and renovate as you like. Condo rules may stop you from using a balcony barbecue, painting your front door a different colour or keeping a larger pet.
- More control when you sell - A condo owner depends on the condo association to run the building well, and its legal troubles can make a unit harder to sell. With a house, you control the title and can steer clear of problems like liens on the title that could get in the way of a sale.
How Do You Get A Mortgage In Saskatchewan?
Most buyers go through six steps to finance a home in the province:
Step 1: Check Your Finances
Check your credit score first, since lenders will look at it when you apply. A higher score generally gets you a lower rate, which makes the mortgage cheaper. Review your income, debts and down payment savings as well.
Step 2: Build Your Down Payment
In Canada, a home priced at $500,000 or less needs at least 5% down. Above that, the minimum rises with the price.
| Home Price | Minimum Down Payment |
|---|---|
| $500,000 or less | 5% |
| $500,000 to $1.5 million | 5% on the first $500,000, then 10% on the portion over $500,000 |
| $1.5 million or more | 20% |
A larger down payment means borrowing less, and it can improve your odds of approval on better terms and rates.
Learn more: Your Guide To Mortgage Down Payments In Canada
Step 3: Shop Around For Lenders
An online comparison site like Loans Canada can show you lenders offering the kind of mortgage you need for a Saskatchewan home. Share a few details about your credit, finances and loan amount, and you'll see lenders and their offers side by side. Compare rates and terms to find the best deal.
Step 4: Get A Pre-Approval
You can get pre-approved by filling out an application and sending in your financial documents. You'll learn roughly how much you can borrow, and sellers will see you as a serious, qualified buyer.
Step 5: Submit Your Full Application
When you find the right home, send your lender a formal application. Expect to share more paperwork, such as the purchase agreement showing the price you settled on. The lender may also want an appraisal to confirm the home's market value.
Step 6: Close The Sale
Meet with your lawyer and pay your closing costs, such as ISC land titles fees, legal fees and property tax adjustments. Then sign the final paperwork and pick up your keys.
Before You Make An Offer In Saskatchewan
Saskatchewan is one of the cheaper provinces to buy in, well under the national average. Still, a $376,700 home means a monthly mortgage bill between $1,753 and $2,165, plus property tax, insurance and upkeep. Check that your income can carry all of it before you bid on a home in Saskatoon, Regina or anywhere else in the province.
Average House Price In Saskatchewan FAQs
How much does a typical home cost in Saskatchewan?
Should you get pre-approved before house hunting?
What costs does a Saskatchewan homeowner pay besides the mortgage?
What closing costs should you expect in Saskatchewan?
Are Saskatchewan home prices rising?
Is Saskatchewan cheaper than the rest of Canada?
Which Saskatchewan city has the highest home prices?
What's the monthly payment on a typical Saskatchewan home?
Do Saskatchewan buyers pay land transfer tax?
Sources
- Canadian Real Estate Association (CREA), "National Price Map," September 2026 data, crea.ca, accessed October 2026. https://www.crea.ca/housing-market-stats/canadian-housing-market-stats/national-price-map/
- Canadian Real Estate Association (CREA), "MLS Home Price Index data, not seasonally adjusted (monthly)," Saskatchewan, Saskatoon and Regina, crea.ca, accessed October 2026. https://www.crea.ca/housing-market-stats/mls-home-price-index/hpi-tool/
- Information Services Corporation (ISC), "Land Titles Fees," effective April 15, 2026, saskregistries.ca, accessed October 2026. https://www.saskregistries.ca/hubfs/Land-Title-Fees-Table-04-2026.pdf
- City of Saskatoon, "The Saskatoon Property Tax Bylaw, 2026 (Bylaw 10174)" and "The School Division Property Tax Bylaw, 2026 (Bylaw 10175)," saskatoon.ca, accessed October 2026. https://www.saskatoon.ca/sites/default/files/bylaws-policies/10174.pdf
- Bank of Canada, "Policy interest rate," bankofcanada.ca, accessed October 2026. https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rates/
Note: Loans Canada does not arrange, underwrite or broker mortgages. We are a simple referral service.
