10/20/2026
BUYING A HOME? DON’T FORGET ABOUT THESE EXTRA COSTS!
Your down payment isn’t the only expense when purchasing a home in Saskatoon!
Here are 8 additional costs every buyer should budget for:
1. Land title & mortgage registration fees
2. Legal fees & disbursements
3. Home inspection
4. Mortgage default insurance & applicable PST
5. Home insurance
6. Property tax adjustments
7. Moving expenses
8. Utility connections & setup
The biggest surprise for many first-time buyers? Saskatchewan charges PST on mortgage default insurance premiums, which must be paid upfront!
Planning ahead can make your home-buying experience much smoother.
Thinking about buying a home in Saskatoon? Let’s make sure you’re prepared for all the costs, not just the down payment.
Jill Bird | RE/MAX Saskatoon
306-221-1350
www.SellingSaskatoon.com