On top of the purchase price, budget legal fees of $800 to $1,500 for the lawyer who handles the title search and closes through Information Services Corporation, and a home inspection, typically $400 to $600, before you remove conditions.
If your down payment is under 20 percent, mortgage insurance through CMHC, Sagen or Canada Guaranty applies, and Saskatchewan charges PST on that insurance premium at closing, which buyers moving from a province without that tax sometimes miss when budgeting.
A minimum down payment of 5 percent applies up to $500,000, then 10 percent on the portion above that, so the total cash needed at closing depends heavily on where a specific Martensville property lands relative to that threshold.
Get your hand-reviewed valuation from Joel Dyck.