In practice, a Saskatoon deposit commonly lands somewhere between a few thousand dollars and a full 5 percent of the purchase price, with the exact figure shaped by how competitive the specific listing is, how strong the buyer's financing looks, and what the buyer's agent recommends for that seller.
A weak or unusually small deposit on a competitive listing can itself work against a buyer, since a seller comparing multiple offers reads deposit size as one signal of how serious and well-financed a buyer is, alongside the financing and inspection conditions attached to the offer.
Joel Dyck advises Saskatoon buyers on a deposit that fits both their own finances and the level of competition on a specific home. Get your hand-reviewed valuation from Joel Dyck.