Minimum down payment is 5 percent on the first $500,000 of the purchase price and 10 percent above that, with mortgage insurance required through CMHC, Sagen or Canada Guaranty under 20 percent down and PST charged on that premium at closing in Saskatchewan.
Budget legal fees of $800 to $1,500 and a home inspection at $400 to $600 on top of the down payment, and factor those in early since an older building near Kinsmen Park may carry mechanical systems worth a closer look during that inspection.
Get your hand-reviewed valuation from Joel Dyck.