What is fixed is the down payment: 5 percent on the first $500,000 of the purchase price and 10 percent on the portion above that, with mortgage default insurance through CMHC, Sagen or Canada Guaranty required below 20 percent down, plus Saskatchewan's provincial sales tax on that premium in cash at possession.
At the citywide benchmark of $444,700, your qualifying income depends on your down payment size, your existing debts and the rate a lender actually offers you, which is why a mortgage pre-approval is a more useful answer than any general income figure.
A First Home Savings Account or a Home Buyers' Plan withdrawal of up to $60,000 from an RRSP can close part of the gap without raising your qualifying income at all. Get your hand-reviewed valuation from Joel Dyck.