Property tax is set by the City of Saskatoon using its own assessment, which is typically well below the price the home actually sold for, and that assessed value, not the sale price, is what the mill rate gets applied to each year.
Home insurance has climbed noticeably in recent years as severe-weather claims across Saskatchewan have risen, and a mortgage lender makes it a condition of the loan, so it is not an optional line item the way some other costs are.
Natural gas heating through a Saskatoon winter is the other major variable, and it depends far more on a home's age and insulation than on its neighbourhood. Joel Dyck walks buyers through the full carrying-cost picture on a specific house before they write an offer. Get your hand-reviewed valuation from Joel Dyck.