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Saskatchewan Mortgage Payment Calculator

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Saskatchewan mortgage guide

Saskatchewan mortgage calculator

There are many different taxes and regulations to take into account when determining your mortgage payment and size. While many of these variables are constant Canada-wide, some are specific to certain provinces and territories.

Canadian regulations, taxes, and fees

The federal government sets certain guidelines for mortgage lending in Canada. These guidelines include minimum down payments, maximum amortization periods, and rules regarding mortgage default insurance or CMHC insurance. The major regulations are:

  • The minimum down payment in Canada is 5% for homes under $500,000; 5% of the first $500,000 + 10% of any amount over $500,000 for homes priced between $500,000 - $999,999; and 20% for homes valued at $1,000,000 or more. 
  • The maximum amortization is 25 years for down payments under 20% and 35 years for higher down payments.
  • Mortgage default insurance or CMHC insurance must be purchased for down payments between 5% and less than 20%. Visit’s CMHC insurance page for more details.

Saskatchewan’s regulations, taxes, and fees

Although many mortgage regulations in Canada are the same across the country, each province has its own mortgage rates, taxes and fees. Unlike most provinces, in Saskatchewan, there is no land transfer tax. There is, however, a small land title fee to be paid with your closing costs

Mortgage rates in Saskatchewan

Lenders and brokers often charge different mortgage rates in different provinces and territories. has compiled a database of the best mortgage rates in Saskatchewan. The rates in our database can also be accessed in the Saskatchewan mortgage calculator above.

Fees and taxes in Saskatchewan

Saskatchewan doesn’t charge a costly land transfer tax like many other provinces and territories. However, it does charge a small title transfer fee of 0.30% of the property value, which is often paid by your lawyer when the mortgage is closed. See our Saskatchewan land title transfer fees page for more information.

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