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Best Mortgage Rates in Saskatchewan

Compare the most current mortgage rates instantly

Looking for a mortgage in Saskatchewan? We help you find and compare the lowest rates from the Big 6 Banks and top Saskatchewan mortgage brokers. By shopping the best rates in Saskatchewan, you could save thousands on your mortgage. Our comparison charts are free to use and list current rates that are updated twice daily.

Rates updated:
Broker Mortgage Rates Minimize Table Maximize Table
TERM FIXED
1-yr 2.79% CanWise Financial A Ratehub Company
(2822)
Lic. 12530 Compare all rates
2-yr 2.79% CanWise Financial A Ratehub Company
(2822)
Lic. 12530 Compare all rates
3-yr 2.79% CanWise Financial A Ratehub Company
(2822)
Lic. 12530 Compare all rates
4-yr 2.79% CanWise Financial A Ratehub Company
(2822)
Lic. 12530 Compare all rates
5-yr 2.59% CanWise Financial A Ratehub Company
(2822)
Lic. 12530 Compare all rates
6-yr 3.89% CanWise Financial A Ratehub Company
(2822)
Lic. 12530 Compare all rates
7-yr 3.39% CanWise Financial A Ratehub Company
(2822)
Lic. 12530 Compare all rates
10-yr 3.54% CanWise Financial A Ratehub Company
(2822)
Lic. 12530 Compare all rates
TERM VARIABLE
1-yr
2-yr
3-yr 3.70%
Prime - 0.25
CanWise Financial A Ratehub Company
(2822)
Lic. 12530 Compare all rates
4-yr
5-yr 2.75%
Prime - 1.20
CanWise Financial A Ratehub Company
(2822)
Lic. 12530 Compare all rates
6-yr
7-yr
10-yr
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Bank Mortgage Rates Minimize Table Maximize Table
TERM FIXED
1-yr 2.79% Canadian Western Bank Compare all rates
2-yr 2.49% motusbank Compare all rates
3-yr 2.69% Tangerine Compare all rates
4-yr 2.82% motusbank Compare all rates
5-yr 2.59% HSBC Compare all rates
10-yr 2.99% HSBC Compare all rates
TERM VARIABLE
1-yr
2-yr
3-yr 3.95%
Prime - 0.00
CIBC Compare all rates
4-yr
5-yr 2.84%
Prime - 1.11
HSBC Compare all rates
10-yr
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Open mortgage rates Minimize Table Maximize Table
TERM FIXED
1-yr 6.30% Laurentian Bank Compare all rates
3-yr
5-yr
TERM VARIABLE
1-yr 6.50%
Prime + 2.55
Affinity Credit Union Compare all rates
3-yr 5.15%
Prime + 1.20
Bank of Montreal Compare all rates
5-yr 4.75%
Prime + 0.80
CanWise Financial A Ratehub Company
(2822)
Lic. 12530 Compare all rates
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Cash back mortgage Minimize Table Maximize Table
5-yr 4.64%
5% Cash Back
CanWise Financial A Ratehub Company
(2822)
Lic. 12530 Compare all rates
7-yr 6.64%
5% Cash Back
Simplii Financial ™ Compare all rates
10-yr 7.55%
5% Cash Back
Simplii Financial ™ Compare all rates
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HELOC Rates Minimize Table Maximize Table
HELOC 3.75%
Prime - 0.20
motusbank Compare all rates
ALL-IN-ONE 4.45%
Prime + 0.50
Manulife Bank Compare all rates

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
2016(*) 1850 4900 $341,500
2017(*) 1955 5100 $346,000
Regina
2016(*) 1325 3400 $341,500
2017(*) 1385 3450 $314,500

References and Notes

  1. CMHC

Current Mortgage Rates by Province