Regina is the example for a $200,000 purchase because Saskatchewan is a province where this site's land-transfer function returns no provincial land transfer tax. That removes one closing cheque. It does not remove the down payment or default insurance. On a price at or under $500,000 the library's minimum down payment is 5 percent, and a down payment under 10 percent uses the 4 percent CMHC premium tier. The income on this page is the gross income that fits one stress-test payment, the typical Saskatchewan property-tax rate in the library, and the series heat assumption, with condo fees set to zero. Using the Desjardins 5-year fixed, insured contract rate of 4.14% as of 2026-09-03, a minimum down payment of $10,000, and a premium of $7,600, the insured mortgage is $197,600. The land-transfer result for a first-time buyer is $0 net. Saskatchewan does not charge a provincial land transfer tax. Typical property tax in the library is about $2,000 a year. With no other debts, the binding ratio is GDS and the gross income is about $47,613.
Rate sensitivity
Only the middle row is the lender sheet. The other contract rates are illustrative, so you can see the 5.25% floor and a higher contract rate. They are not quotes.
| Rate | Qualifying | Stress payment | Income |
|---|---|---|---|
| Illustrative 3.00% contract (floor applies) (illustrative) | 5.25% | $1,178 | $44,437 (GDS) |
| Minimum down payment, sheet rate | 6.14% | $1,281 | $47,613 (GDS) |
| Illustrative contract plus 1 point (illustrative) | 7.14% | $1,401 | $51,317 (GDS) |
Other monthly debts
Same minimum down payment and sheet rate. Debts of $0, $400, and $650 are scenarios, not a claim about Regina households.
| Debts | GDS income | TDS income | Binds |
|---|---|---|---|
| No other monthly debt | $47,613 | $42,202 | GDS |
| $400 other monthly debt | $47,613 | $53,111 | TDS |
| $650 other monthly debt | $47,613 | $59,929 | TDS |
Down payment
| Down payment | Premium | Mortgage | Income |
|---|---|---|---|
| 5% down ($10,000) | $7,600 | $197,600 | $47,613 |
| 10% down ($20,000) | $5,580 | $185,580 | $45,216 |
| 20% down ($40,000) | $0 | $160,000 | $40,114 |
Saskatchewan example — Regina
First-time buyer land transfer tax from the library: $0 before rebate, $0 rebate, $0 net. Saskatchewan does not charge a provincial land transfer tax.
Property tax at the library's typical Saskatchewan rate of 1.00% is about $2,000 a year ($167 a month). That is a provincial benchmark in the code, not a Regina tax bill.
Frequently asked questions
- What income do you need for a $200,000 home in Regina?
- At the minimum down payment of $10,000, with heat of $100 a month, no condo fee, and no other debts, the stress-test income is about $47,613 a year. The contract rate is Desjardins 4.14% as of 2026-09-03. The qualifying rate is 6.14 percent. GDS is the ratio that binds.
- What down payment and insurance premium apply to $200,000 here?
- The library minimum down payment is $10,000. The CMHC premium at that down payment is $7,600 (4.00 percent of the amount borrowed when the down payment is under 20 percent). The insured balance is $197,600.
- What transfer tax and property tax does the library return for Regina?
- For a first-time buyer, net land transfer tax is $0. Saskatchewan does not charge a provincial land transfer tax. The typical provincial property-tax rate in the library is about $2,000 a year on this price. This example does not add Toronto municipal land transfer tax.
- How does a $400 monthly debt change the $200,000 Regina income?
- The same housing costs plus $400 of other monthly debt need about $53,111 of gross income. TDS binds in that row. TDS uses 44 percent and includes the debts. GDS stays at 39 percent and does not include them.