Compare current fixed and variable mortgage rates, monthly payment estimates, and first-time buyer programs for Moose Jaw homebuyers.
Based on $$265,000 average home price at current Saskatchewan rates.
| Down % | Down Amount | CMHC Fee | Mortgage | Monthly Fixed | Monthly Variable |
|---|---|---|---|---|---|
| 5% | $13,250 | $10,070 | $261,820 | $1,506/mo | $1,281/mo |
| 10% | $26,500 | $7,394 | $245,894 | $1,415/mo | $1,203/mo |
| 15% | $39,750 | $6,307 | $231,557 | $1,332/mo | $1,133/mo |
| 20%NO CMHC | $53,000 | $0 ✅ | $212,000 | $1,220/mo | $1,038/mo |
The average home price in Moose Jaw is approximately $265,000 as of 2026, representing a +3.8% change year-over-year.
Current 5-year fixed rates in Moose Jaw start around 4.84%, while variable rates start around 3.29%. Credit unions in Saskatchewan often offer rates 0.25–0.50% below major banks.
To afford a $265,000 home in Moose Jaw with 10% down at 4.84%, you would need approximately $42,215/year gross income to meet the GDS ratio of 39%.
For a $265,000 home, the minimum down payment is 5% ($13,250). With 5% down, CMHC insurance of $10,070 is added to your mortgage.
With the Bank of Canada holding at 2.25%, variable rates (3.29%) are currently lower than 5-year fixed (4.84%). Variable saves money if rates stay flat or drop, but fixed gives payment certainty. Consult a mortgage broker for your specific situation.