That four-year rule is the real gate, not income. If you owned a home more than four years ago and have not owned since, you generally requalify as a first-time buyer even with a high income and can use these programs again. The Saskatchewan REALTORS Association's benchmark of $444,700 shows why that matters: at this price point, the programs are relevant to a wide range of incomes, not a narrow low-income band.
The one place income does matter is mortgage qualification itself. A lender still stress-tests your income against the qualifying rate to decide how much you can borrow, which is separate from whether you can use these tax-advantaged accounts.
A seller benefits from understanding this, because it means the first-time buyer pool in Saskatoon is broader than the term suggests, spanning modest incomes up through buyers who simply have not owned in the last four years.
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