The City of Saskatoon's older housing stock in Riversdale, much of it built well before current code, means a home inspection, typically $400 to $600, is worth prioritizing before a first-time buyer waives conditions, since older wiring, plumbing and foundations show up more often there than in a newer suburb.
CMHC, Sagen or Canada Guaranty mortgage insurance applies to any down payment under 20 percent regardless of neighbourhood, and Saskatchewan charges provincial sales tax on that premium at closing, a cost worth budgeting into a Riversdale purchase.
Joel Dyck can walk a Riversdale first-time buyer through which programs fit their specific numbers. Get your hand-reviewed valuation from Joel Dyck.