Mortgage Rates Regina, Saskatchewan — 2025

Compare current fixed and variable mortgage rates from Regina lenders. Average home: $330,000.

Regina Mortgage Market Overview 2025

With the Bank of Canada's rate adjustments in 2024 and into 2025, Regina mortgage borrowers are finding conditions more favourable than recent years. The average home price in Regina is approximately $330,000, meaning a typical 5% down payment is $16,500 and a 20% down payment is $66,000. Saskatchewan's lack of a land transfer tax gives buyers a cost advantage over other provinces.

Current Mortgage Rate Ranges in Regina (2025)

Product	Term	Approximate Rate Range
Fixed Rate	1 Year	5.14% – 5.89%
Fixed Rate	3 Year	4.59% – 5.29%
Fixed Rate	5 Year	4.39% – 5.09%
Variable Rate	5 Year	Prime – 0.5% to Prime + 0.5%
HELOC	Open	Prime + 0.5% – Prime + 1.0%

Rates are indicative for 2025 and change frequently. Always confirm directly with lenders.

Where to Get the Best Mortgage Rate in Regina

The best strategy for Regina homebuyers is to get pre-approved from at least two or three lenders — including one credit union. Connexus Credit Union and Affinity Credit Union routinely offer rates 0.10% to 0.25% below the Big Six banks for well-qualified borrowers. A mortgage broker can also access wholesale rates unavailable through branch banking.

• Conexus Credit Union — Often competitive on 5-year fixed for first-time buyers
• Affinity Credit Union — Strong variable rate options; local underwriting
• RBC, TD, BMO — Competitive with rate-match programs; best for complex financial situations
• Mortgage brokers — Access to monoline lenders with lower rates than retail banks

Regina Mortgage Stress Test 2025

All federally regulated lenders in Canada apply the mortgage stress test, requiring borrowers to qualify at the higher of their contracted rate plus 2%, or 5.25%. For a $330,000 home with 5% down in Regina, borrowers need to qualify for a mortgage of approximately $313,500. At the stress test rate, a household income of roughly $75,000–$85,000 is typically needed for this purchase price.

Saskatchewan No Land Transfer Tax

Unlike Ontario (up to 2% of purchase price) or BC (up to 3%), Saskatchewan does not have a land transfer tax. Regina homebuyers pay only a title transfer fee of approximately $500–$800. On a $330,000 Regina purchase, a comparable Ontario buyer would pay over $4,000 in land transfer tax. This saving can go directly toward your down payment or closing costs.

CMHC Insurance in Regina

If your down payment is less than 20%, your Regina mortgage requires CMHC mortgage default insurance. For a $330,000 home with 5% down ($16,500), the CMHC premium is 4.00% of the insured mortgage ($12,540), typically added to the mortgage. With 10% down, the premium drops to 3.10%, and with 15% down, to 2.80%.

Saskatchewan First-Time Buyer Programs

Regina first-time buyers can access the federal First Home Savings Account (FHSA) — up to $40,000 tax-free savings toward a first home — as well as the Home Buyers' Plan (HBP), which allows withdrawing up to $60,000 per person from an RRSP for a first home purchase. These programs stack, letting a Regina couple access up to $200,000 combined for a down payment.