The Saskatchewan REALTORS Association benchmark reflects the typical home across the city, not the ceiling, so a $150,000 income comfortably reaches into neighbourhoods like Lakeview, Eastview or Willowgrove, where family homes trade close to or modestly above that benchmark depending on condition and lot.
What actually narrows the list is the mortgage stress test and existing debt, not the neighbourhood label. CMHC insurance applies below a 20 percent down payment, and a lender's own calculation, not a neighbourhood price tag, sets the real ceiling on what qualifies.
The right way to answer this for a specific household is to run the numbers against real listings rather than a general income rule. Get your hand-reviewed valuation from Joel Dyck.