Lenders call these the GDS and TDS ratios, and a car loan or a credit card balance can shrink your approved amount even at a high income, since the debt side of the calculation counts everything you already owe. A mortgage pre-approval turns the estimate into an exact number for your file.
Down payment size matters as much as income. The minimum is 5 percent of the purchase price on the first $500,000 and 10 percent on any amount above that, and putting down less than 20 percent adds mortgage default insurance through CMHC, Sagen or Canada Guaranty, with Saskatchewan charging PST on that premium at closing.
Saskatoon's benchmark price sits at $444,700 per the Saskatchewan REALTORS Association, which is a useful starting point before your own numbers narrow it down. Get your hand-reviewed valuation from Joel Dyck.