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Current Mortgage Rates in Saskatchewan

We shop the most competitive brokers, lenders and banks in Saskatchewan to bring you today's lowest interest rates, free of charge! Our comparison charts list current Saskatchewan rates, and are updated on a daily basis. To compare a certain category, click on the "See All" button for more details.

Rates Updated:  

Bank of Canada Rates
Prime rate        Prime rate Variable mortgage rates are quoted as Prime plus or minus a constant. For example: Prime + .10% or Prime - 0.90%. When there is a change in the prime rate, your variable rate mortgage adjusts accordingly. 3.00% Qualifying rate        Qualifying rate For a variable mortgage or fixed mortgage with a 1-4 year term, lenders are required to use the qualifying rate when determining how much you can afford. Therefore if say, a variable rate increases in the future, you will still be able to afford your mortgage payments. 5.14%

Closed mortgage rates - Saskatchewan

          Closed mortgage rates Closed mortgage rates are the most popular, standard form in Canada. A closed mortgage simply means you pay off your principal on a pre-determined schedule. If you want to put a lump sum against your principal beyond your pre-payment options, you will incur a penalty.
Term Lowest Fixed
Mortgage Rates 		Lowest Variable
Mortgage Rates
1-Year True North Mortgage
True North Mortgage 		2.54% See All
2-Year True North Mortgage
True North Mortgage 		2.54% See All
3-Year True North Mortgage
True North Mortgage 		2.49% See All Laurentian
Laurentian 		3.20%
Prime + 0.20 		See All
4-Year True North Mortgage
True North Mortgage 		2.74% See All
5-Year True North Mortgage
True North Mortgage 		2.74% See All MCAP
MCAP 		2.90%
Prime - 0.10 		See All
6-Year PC Financial
PC Financial 		3.69% See All
7-Year True North Mortgage
True North Mortgage 		3.40% See All
8-Year PC Financial
PC Financial 		4.12% See All
9-Year PC Financial
PC Financial 		4.21% See All
10-Year True North Mortgage
True North Mortgage 		3.64% See All

HELOC Rates - Saskatchewan

          HELOC Rates A HELOC rate is a variable interest rate on a line of credit that is secured by your home. As the equity in your home grows, you are able to borrow back up to 80% at the HELOC rate.
HELOC        HELOC Rates A HELOC rate is a variable interest rate on a line of credit that is secured by your home. As the equity in your home grows, you are able to borrow back up to 80% at the HELOC rate. Laurentian
Laurentian 		3.50%
Prime + 0.50 		See All
All-in-One        All-in-One HELOC An 'All-in-One' rate is one that combines a HELOC with your savings and deposit accounts. So, any deposits offset your debt in a daily interest calculation. Manulife One
Manulife One 		3.50%
Prime + 0.50 		See All

Cash back mortgage - Saskatchewan

          Cash back mortgage A cash back mortgage returns a lump sum, usually 3-7%, when your mortgage closes. If your principal is, for example, $300,000, a 5% cash back would return to you $15,000 when your mortgage closes.
5-Year PC Financial
PC Financial 		5.09%
5% Cash Back 		See All
6-Year TD Bank
TD Bank 		6.16%
5% Cash Back 		See All
7-Year PC Financial
PC Financial 		5.34%
5% Cash Back 		See All
10-Year PC Financial
PC Financial 		5.64%
5% Cash Back 		See All

Open mortgage rates - Saskatchewan

          Open mortgage rates Open mortgage rates allow you to pay off as much of your principal as you please whenever you wish, without penalty. Open mortgage rates are less popular than closed mortgage rates, but are often used for a short-term mortgage.
Term Lowest Fixed
Mortgage Rates 		Lowest Variable
Mortgage Rates
1-Year Bank of Montreal
Bank of Montreal 		6.30% See All
3-Year Bank of Montreal
Bank of Montreal 		4.00%
Prime + 1.00 		See All
5-Year Scotiabank
Scotiabank 		3.80%
Prime + 0.80 		See All

Bank Mortgage Rates - Saskatchewan

          Bank Mortgage Rates Bank mortgage rates are simply rates offered by the big Canadian banks. You should always compare these against the best available rates on the market.
Term Lowest Fixed
Mortgage Rates 		Lowest Variable
Mortgage Rates
1-Year CIBC
CIBC 		3.00% See All
2-Year Scotiabank
Scotiabank 		2.69% See All
3-Year ING Direct
ING Direct 		2.79% See All Laurentian
Laurentian 		3.20%
Prime + 0.20 		See All
4-Year Scotiabank
Scotiabank 		2.99% See All
5-Year ING Direct
ING Direct 		3.08% See All RBC Royal Bank
RBC Royal Bank 		3.00%
Prime - 0.00 		See All
10-Year Bank of Montreal
Bank of Montreal 		3.69% See All

Saskatchewan Housing Market Forecasts1

Saskatchewan’s economy will increase over the next few years as commodity prices increase, along with and increases in the drilling and mining industries. Increasing production of Potash will be a leading driver for this sector increase as prices are expected to increase and inventories are currently low. Both population size and employment wage rates have increase recently, directly leading to increased consumer spending and demand for housing. The increase in wages, and decrease in unemployment, will positively affect the number of international migrants to Saskatchewan further driving the housing market. 

Metropolitan Area

Year

Housing

Starts

MLS Total

Sales

 MLS Average

Sale Price 

Saskatoon

2010

2011(*)

2012(*)

2381

1800

1925

3500

3600

3650

$        296,000  

$        300,000  

$        305,000

Regina

2010

2011(*)

2012(*)

1347

1100

1170

3550

3500

3550

$        258,500  

$        267,000  

$        275,000

[1] CMHC

Current Mortgage Rates by Province