Questions about this
What help do first-time buyers get in Saskatchewan?
Four things: the Saskatchewan First-Time Homebuyers' Tax Credit, the federal Home Buyers' Amount, tax-free withdrawals from a First Home Savings Account, and a Home Buyers' Plan withdrawal from an RRSP repaid over fifteen years. The two credits arrive as a tax refund the following spring, not as cash at closing.
How much is the minimum down payment in Saskatchewan?
Five percent of the first $500,000 and ten percent of anything above that. Most Saskatoon homes fall entirely under $500,000, so five percent is usually the floor, though under twenty percent the mortgage must be insured.