Saskatchewan Home Buyer Incentive Programs: 2026 Update

By Clayton Mcnally June 26, 2026

Updated October 2026. Program rules change often, so confirm details with the official source or your mortgage professional before you rely on them.

Your Guide to Saskatchewan Home Buyer Incentive Programs in 2026

Buying a home in Saskatchewan is one of the biggest financial decisions you'll make, and there are real programs at both the provincial and federal level that can lower your costs. Some have grown in the last two years, a few have ended, and one big new rebate arrived in 2026. Here's where things stand today for buyers in Saskatoon and area.

First-Time Home Buyer Programs

Saskatchewan First-Time Homebuyers' Tax Credit: This credit was increased by 50% starting with the 2025 tax year. It's now 10.5% of $15,000, for a maximum benefit of $1,575. Spouses can split it, but the combined claim can't exceed $15,000.
Federal First-Time Home Buyers' Tax Credit: A non-refundable federal credit worth up to $1,500. You can claim both the federal and provincial credits on the same purchase.
First-Time Home Buyer GST Rebate (new in 2026): This became law in March 2026 and applies to agreements signed on or after March 20, 2025. Eligible first-time buyers of a newly built or substantially renovated home get back the full 5% GST on homes up to $1 million, to a maximum of $50,000. It phases out between $1 million and $1.5 million. Resale homes don't qualify. Builders can credit it at closing, or you can apply directly to the CRA.
First Home Savings Account (FHSA): Save up to $8,000 a year (to a $40,000 lifetime limit). Contributions are tax-deductible and qualifying withdrawals for your first home are tax-free.
RRSP Home Buyers' Plan: First-time buyers can withdraw up to $60,000 each from their RRSPs ($120,000 for a couple) toward a home, repaid over 15 years. It can be combined with an FHSA.
30-Year Amortization: All first-time buyers, and anyone buying a newly built home, can now get a 30-year amortization on an insured mortgage. That lowers monthly payments.

No longer available: the CMHC First-Time Home Buyer Incentive (the shared-equity program) closed to new applications in 2024. If you've seen it mentioned elsewhere, that information is out of date.

PST Rebate for New Construction (Now Permanent)

Saskatchewan's PST Rebate for New Home Construction no longer has an end date. The province made it permanent in its 2025-26 budget.

Get back up to 42% of the PST paid on a newly built, never-occupied house, townhouse, condo or co-op unit.
The full rebate applies to homes priced up to $450,000 (excluding land), with a reduced rebate up to $550,000.
Apply within four years of your possession date. Your builder may also be able to apply it for you.

Combined with the federal GST rebate, a first-time buyer of a new build in Saskatoon could save a significant amount at closing.

Secondary Suite Incentive

Thinking about a basement suite, garden suite or garage suite on your own property? The Saskatchewan Secondary Suite Incentive covers up to 35% of construction costs, to a maximum of $35,000. In February 2026 the province extended it by one year: eligible construction costs must now be incurred by March 31, 2027. The suite has to be a new, separate unit on your primary residence property.

Home Renovation Tax Credit

The Saskatchewan Home Renovation Tax Credit is back as an ongoing program. You can claim 10.5% of eligible renovation spending over $1,000, up to $5,000 in expenses. That's a maximum of $420 a year, or $525 for seniors (up to $6,000 in expenses). It covers permanent improvements to your principal residence like windows, flooring, kitchens and basement development. Routine maintenance, appliances and furniture don't qualify.

Seniors and people eligible for the disability tax credit can also look at the federal Home Accessibility Tax Credit for renovations that make a home safer and more accessible.

Down Payment and Ownership Assistance

Métis Nation–Saskatchewan housing programs: Eligible Métis citizens may qualify for help with a down payment and closing costs. Contact Métis Nation–Saskatchewan directly for current amounts and eligibility.
Habitat for Humanity Saskatoon: For qualifying families, Habitat offers an affordable path to ownership that combines volunteer "sweat equity" hours with an affordable mortgage.

Energy Efficiency Programs

The federal Canada Greener Homes Loan (interest-free loans up to $40,000) closed to new applications in October 2025, and the Greener Homes Grant closed in 2024. If you're planning energy upgrades now, check SaskPower and SaskEnergy for their current rebates, since their offers change through the year. Energy-efficient upgrades to your own home may also count toward the Home Renovation Tax Credit above.

Tips to Get the Most Out of These Programs

Stack them. A first-time buyer of a new build could combine the FHSA, the Home Buyers' Plan, both first-time buyer tax credits, the federal GST rebate, the PST rebate and a 30-year amortization.
Plan early. FHSA and RRSP funds need time to grow, and some rebates depend on when you sign your purchase agreement.
Confirm with the source. Check saskatchewan.ca and canada.ca, or ask your mortgage professional or accountant, before you count on any program.
Work with a local REALTOR® who can point you to the homes, especially new builds, that qualify for the most help.

Ready to Start Your Search?

Whether you're buying your first home, building new, or adding a suite, these programs can make a real difference to what you can afford. Browse current listings at HousesinSaskatoon.com, or reach out to Clayton McNally and Jessica Hamel at Trusted Realty, Powered by RE/MAX Saskatoon to talk through which programs fit your situation.

Disclaimer: This post is a general overview, current as of October 2026. Program details, eligibility and availability can change without notice. Consult official government sources, a qualified mortgage professional or a tax professional before making financial decisions.