Although Saskatoon hasn't seen the extreme rise in housing prices like Toronto and Vancouver, the market continues to grow year-over-year. Rent-to-own houses in Saskatoon provide an affordable and flexible pathway to homeownership in this growing market.
Canadian rock band The Guess Who had a big hit with “Runnin’ Back to Saskatoon” in 1972. As the title suggests, more people are moving to Saskatoon to take advantage of the low cost of living, a growing economy, and fair housing market prices.
With a population of 266,000, Saskatoon is surrounded by national parks, winding rivers, and wide-open spaces. For those looking to make Saskatoon their home, rent-to-own programs offer a unique opportunity to achieve homeownership in this thriving city.
Simply put, rent-to-own allows potential homebuyers to rent a property while building equity and saving for a down payment, making it an attractive option for those who may not be ready for a traditional mortgage. By the end of this article, you will have a comprehensive understanding of why Saskatoon is an excellent choice for those considering a rent-to-own home, how rent-to-own works, and the benefits of choosing a rent-to-own program in this growing prairie city.
Pre-qualifying is quick, free, and won't hurt your credit score.
Real Estate Trends in Saskatoon, Saskatchewan
Saskatoon’s resale housing market remained active and competitive in August 2026. During the week of August 3 to August 9, 97 properties were sold across the city, according to a weekly Saskatoon real estate market update based on Saskatchewan Realtors Association MLS® data.
Homes sold in an average of 23.7 days and achieved an average sale-to-list price ratio of 99.98%. Of the 97 properties sold, 33 sold above the seller’s asking price, representing 34% of all sales that week.
Key Saskatoon real estate statistics for August 3 to 9, 2026
Properties sold: 97
Average sale price across all property types: $453,232
Average detached-home sale price: $548,507
Average days on market: 23.7 days
Average sale-to-list price ratio: 99.98%
Homes sold above asking: 33, or 34% of sales
Newly constructed homes sold: 9
Homes sold with a secondary suite: 10
Detached houses accounted for most of the week’s activity, with 56 sales. Other sales included 14 row houses or townhomes, 21 apartment-style condominiums, two semi-detached homes, two duplexes and two mobile homes.
Brighton recorded the most sales that week with eight, followed by Stonebridge with seven and Forest Grove with six. Hampton Village and Kensington each recorded five sales.
These figures represent one week of sales and may fluctuate based on the number and types of properties sold. For example, the average sale price can change when a particular week includes more detached homes or higher-priced properties.
What this means for Saskatoon home buyers
The short average time on market and the percentage of properties selling above asking indicate that well-priced Saskatoon homes can attract strong interest. However, the 99.98% average sale-to-list ratio also shows that many properties are selling close to their asking price rather than substantially above it.
Prospective buyers should understand their home-buying budget, financing options and preferred neighbourhoods before beginning their search. Being prepared can make it easier to respond when a suitable property becomes available.
For people who need more time to save for a down payment, improve their credit or qualify for a traditional mortgage, rent-to-own can provide another path toward homeownership. Qualified buyers can browse rent-to-own homes in Saskatoon while building savings and preparing for future mortgage approval.
Transportation in Saskatoon
Named after the 13th Prime Minister of Canada, the Saskatoon John G. Diefenbaker International Airport is located just northwest of downtown Saskatoon. The airport sees an average of 1.5 million passengers annually and is also served by courier and freight operators. It is the 19th busiest airport in Canada and is listed as the 12th busiest airport for passenger traffic.
The Yellowhead Highway (Hwy 16) runs off the Trans-Canada Highway, connecting Saskatoon to Alberta, British Columbia, and Manitoba to the east. The city has several bridges crossing the South Saskatchewan River in Saskatoon, including one named after Saskatchewan’s favourite son, hockey legend Gordie Howe.
Transportation for passengers by train is provided by VIA Rail. CN Rail and the Canadian Pacific Railway both operate freight services connected to Saskatoon.
Economy in Saskatoon
According to Statistics Canada, Saskatoon is one of the fastest-growing urban centers in the country. The biggest contributor to the burgeoning economy in Saskatoon is agriculture. It is the world’s largest exporter of durum wheat, flaxseed, oats, lentils, peas, and canola and houses two-thirds of the world’s potash, a potassium-rich salt mined from underground deposits and used primarily in fertilizer.
The Saskatoon economy is also fueled by oil, gold, diamond, and coal mining. The city is the home of Cameco, a leading supplier of uranium refining, conversion, and fuel manufacturing services.
Education in Saskatoon
Children and adults alike can find several educational opportunities in Saskatoon.
There is no cost to Saskatchewan residents for families enrolling children in pre-kindergarten to grade 12. Schools are publicly funded by three different school systems: Saskatoon Public Schools, Greater Saskatoon Catholic Schools, and a separate board for Francophone schools.
The University of Saskatchewan (USask) is home to 25,700 students from 130 countries worldwide. USask is one of the leading research-intensive, medical doctoral universities in Canada. It is a world leader in research for infectious diseases and water and food security.
Adults can also continue their education or train for a job at many private career colleges in Saskatoon, with specialization in such areas as massage therapy, office administration, or hairstyling and aesthetics.
What is Rent-to-Own in Saskatoon?
Rent-to-own is a unique homeownership strategy that allows potential buyers to rent a property with the option to purchase it at a later date. This approach is particularly beneficial in Saskatoon’s housing market, where rising prices can make it challenging to save for a down payment while renting.
In a rent-to-own agreement, a portion of your monthly rent payments goes toward the future purchase of the home. This enables you to build equity and secure a path to homeownership over time. Typically, these agreements last between one to five years, giving you time to improve your financial situation, build credit, and save for a down payment.
“
Our biggest obstacle was being a new small business. We didn't qualify with any major banks to get a mortgage.
Customer Story
Amanda & Brad's Journey to Homeownership
Business owners who overcome mortgage challenges of entering homeownership in Sault Ste. Marie
Apply to pre-qualify: Start by applying to pre-qualify for rent to own programs in Saskatchewan. This step will help determine your eligibility and home budget. The application is free and won't impact your credit score.
Get full approval: Once pre-qualified, submit the necessary documents to verify your application. Upon full approval, you'll receive a home shopping budget to guide your search.
Find your dream home in Saskatoon: Find suitable rent-to-own homes for sale in Saskatoon that fits your needs and budget. Once you select a property, Requity Homes will purchase it for you, covering all closing costs, including land transfer tax and legal fees.
Move in and save up: Move into your new home and start paying rent. A portion of your monthly rent payments will be saved toward your down payment, helping you build equity over time.
Buy your home: When you are ready to secure a mortgage, you can buy the home from Requity Homes at a pre-determined price. If you decide not to purchase, you can walk away and cash out your savings.
To help you understand your financial commitments, use our rent-to-own payment calculator. This tool allows you to discover your personalized home shopping budget and calculate your monthly payments, giving you a clear picture of how much you need to save each month towards your future down payment.
The Benefits of Rent to Own a Home in Saskatoon
Rent-to-own offers a practical solution for those who want to own a home in Saskatoon but are not ready to take on a traditional mortgage. With housing prices increasing year after year, saving up for a down payment while renting can be challenging. Rent to own with Requity Homes provides an affordable and flexible pathway to homeownership by allowing you to lock in the price of your home and gradually build equity.
Let’s say that you have found the perfect home in Saskatoon for $400,000.
You have two options:
1. Rent for Two Years Then Purchase the Home
Using a base formula of 10% appreciation annually, your $400,000 Saskatoon home would be valued at $480,000 after two years.
2. Rent to Own with Requity Homes
Requity Homes offers a low 5% price increase per year, lower than the average growth rate. That means when you rent to own a home in Saskatoon with Requity Homes, you can lock in the price of your new home and know what it will be valued at in two years.
For example, with Requity Homes a growth rate of 5% means that you can buy your new home in two years for $440,000 instead of $480,000. That is a sizable savings of $40,000!
The Requity Homes rent-to-own homes Saskatoon program is there to help get you and your family into the home of your dreams while saving you a significant amount of money in the process.
Homeownership is at your fingertips sooner than you could have ever imagined when you rent to own in Saskatoon with Requity Homes.
The Bank Said No. We Say Welcome Home.
Start owning with as little as 2% down. See if you qualify for rent-to-own in under 2 minutes with zero credit impact.
You can choose almost any move-in-ready home listed publicly or privately, as long as it meets our program criteria.
Eligible homes typically:
Are freehold single-family homes or townhouses
Are connected to municipal water and sewer
Are priced between $150,000 and $600,000
Are located in Alberta, Manitoba, Ontario, or Saskatchewan in communities with established municipal services and a population of 20,000 or more.
In some cases, newly built condo townhouses with reasonable condo fees may be approved. If approved, condo fees are added to your monthly payment.
Homes must be in good condition. Major systems such as roof, furnace, HVAC, and water heater should be within reasonable age limits. All properties are reviewed to confirm they meet our inspection and funding requirements.
We do not purchase rural properties, fixer-uppers, homes sold as-is, or properties with structural or safety concerns.
Once you are pre-qualified, you can tour homes with a partner agent or your own realtor and we will confirm eligibility before purchase.
Depending on the type of income, we will ask for different supporting documents to verify your income. Our goal is to make sure you can afford rent-to-own payments during the lease term.
Traditional employment (Hourly, Salaried or Commission)
Employment letter
Most recent pay stubs
Notice of assessment from the last two years
Bank statements for the past 6 months
Self-employed
Sole proprietorship
T1 General tax returns for the last 2 years
Notice of Assessment for the last 2 years
Business bank statements for the last 6 months
GST returns if applicable
Incorporated
T1 General tax returns for the last 2 years
Notice of Assessment for the last 2 years
Articles of Incorporation
Business bank statements for the last 6 months
Accountant prepared financial statements for the last 2 years
Corporate tax returns or CRA balance to verify corporate tax
GST returns if applicable
Pension & Disability Incomes
Proof that such payments are expected to be longer than three years
Alimony & Child Support
Proof that such payments have been made consistently in the past 6 months
What is the interest rate?
There is no interest rate during the rent-to-own term because this is not a mortgage.
When you are ready to buy the home, most clients get a mortgage from a lender to complete the purchase.
All content on this website, including but not limited to text, program structure, rent-to-own model descriptions, customer pathways, and proprietary frameworks, is the exclusive property of Requity Homes. Any reproduction, adaptation, or use of this content, in whole or in part, for commercial purposes without express written consent is strictly prohibited and may result in legal action.
As a realtor, mortgage broker, or Requity Homes ambassador, you can now help more community members achieve their homeownership goals while streamlining your workload. Partner with us to expand your impact and create success stories with less work.
Although Saskatoon hasn't seen the extreme rise in housing prices like Toronto and Vancouver, the market continues to grow year-over-year. Rent-to-own houses in Saskatoon provide an affordable and flexible pathway to homeownership in this growing market.
Canadian rock band The Guess Who had a big hit with “Runnin’ Back to Saskatoon” in 1972. As the title suggests, more people are moving to Saskatoon to take advantage of the low cost of living, a growing economy, and fair housing market prices.
With a population of 266,000, Saskatoon is surrounded by national parks, winding rivers, and wide-open spaces. For those looking to make Saskatoon their home, rent-to-own programs offer a unique opportunity to achieve homeownership in this thriving city.
Simply put, rent-to-own allows potential homebuyers to rent a property while building equity and saving for a down payment, making it an attractive option for those who may not be ready for a traditional mortgage. By the end of this article, you will have a comprehensive understanding of why Saskatoon is an excellent choice for those considering a rent-to-own home, how rent-to-own works, and the benefits of choosing a rent-to-own program in this growing prairie city.
Pre-qualifying is quick, free, and won't hurt your credit score.
Real Estate Trends in Saskatoon, Saskatchewan
Saskatoon’s resale housing market remained active and competitive in August 2026. During the week of August 3 to August 9, 97 properties were sold across the city, according to a weekly Saskatoon real estate market update based on Saskatchewan Realtors Association MLS® data.
Homes sold in an average of 23.7 days and achieved an average sale-to-list price ratio of 99.98%. Of the 97 properties sold, 33 sold above the seller’s asking price, representing 34% of all sales that week.
Key Saskatoon real estate statistics for August 3 to 9, 2026
Properties sold: 97
Average sale price across all property types: $453,232
Average detached-home sale price: $548,507
Average days on market: 23.7 days
Average sale-to-list price ratio: 99.98%
Homes sold above asking: 33, or 34% of sales
Newly constructed homes sold: 9
Homes sold with a secondary suite: 10
Detached houses accounted for most of the week’s activity, with 56 sales. Other sales included 14 row houses or townhomes, 21 apartment-style condominiums, two semi-detached homes, two duplexes and two mobile homes.
Brighton recorded the most sales that week with eight, followed by Stonebridge with seven and Forest Grove with six. Hampton Village and Kensington each recorded five sales.
These figures represent one week of sales and may fluctuate based on the number and types of properties sold. For example, the average sale price can change when a particular week includes more detached homes or higher-priced properties.
What this means for Saskatoon home buyers
The short average time on market and the percentage of properties selling above asking indicate that well-priced Saskatoon homes can attract strong interest. However, the 99.98% average sale-to-list ratio also shows that many properties are selling close to their asking price rather than substantially above it.
Prospective buyers should understand their home-buying budget, financing options and preferred neighbourhoods before beginning their search. Being prepared can make it easier to respond when a suitable property becomes available.
For people who need more time to save for a down payment, improve their credit or qualify for a traditional mortgage, rent-to-own can provide another path toward homeownership. Qualified buyers can browse rent-to-own homes in Saskatoon while building savings and preparing for future mortgage approval.
Transportation in Saskatoon
Named after the 13th Prime Minister of Canada, the Saskatoon John G. Diefenbaker International Airport is located just northwest of downtown Saskatoon. The airport sees an average of 1.5 million passengers annually and is also served by courier and freight operators. It is the 19th busiest airport in Canada and is listed as the 12th busiest airport for passenger traffic.
The Yellowhead Highway (Hwy 16) runs off the Trans-Canada Highway, connecting Saskatoon to Alberta, British Columbia, and Manitoba to the east. The city has several bridges crossing the South Saskatchewan River in Saskatoon, including one named after Saskatchewan’s favourite son, hockey legend Gordie Howe.
Transportation for passengers by train is provided by VIA Rail. CN Rail and the Canadian Pacific Railway both operate freight services connected to Saskatoon.
Economy in Saskatoon
According to Statistics Canada, Saskatoon is one of the fastest-growing urban centers in the country. The biggest contributor to the burgeoning economy in Saskatoon is agriculture. It is the world’s largest exporter of durum wheat, flaxseed, oats, lentils, peas, and canola and houses two-thirds of the world’s potash, a potassium-rich salt mined from underground deposits and used primarily in fertilizer.
The Saskatoon economy is also fueled by oil, gold, diamond, and coal mining. The city is the home of Cameco, a leading supplier of uranium refining, conversion, and fuel manufacturing services.
Education in Saskatoon
Children and adults alike can find several educational opportunities in Saskatoon.
There is no cost to Saskatchewan residents for families enrolling children in pre-kindergarten to grade 12. Schools are publicly funded by three different school systems: Saskatoon Public Schools, Greater Saskatoon Catholic Schools, and a separate board for Francophone schools.
The University of Saskatchewan (USask) is home to 25,700 students from 130 countries worldwide. USask is one of the leading research-intensive, medical doctoral universities in Canada. It is a world leader in research for infectious diseases and water and food security.
Adults can also continue their education or train for a job at many private career colleges in Saskatoon, with specialization in such areas as massage therapy, office administration, or hairstyling and aesthetics.
What is Rent-to-Own in Saskatoon?
Rent-to-own is a unique homeownership strategy that allows potential buyers to rent a property with the option to purchase it at a later date. This approach is particularly beneficial in Saskatoon’s housing market, where rising prices can make it challenging to save for a down payment while renting.
In a rent-to-own agreement, a portion of your monthly rent payments goes toward the future purchase of the home. This enables you to build equity and secure a path to homeownership over time. Typically, these agreements last between one to five years, giving you time to improve your financial situation, build credit, and save for a down payment.
“
Our biggest obstacle was being a new small business. We didn't qualify with any major banks to get a mortgage.
Customer Story
Amanda & Brad's Journey to Homeownership
Business owners who overcome mortgage challenges of entering homeownership in Sault Ste. Marie
Apply to pre-qualify: Start by applying to pre-qualify for rent to own programs in Saskatchewan. This step will help determine your eligibility and home budget. The application is free and won't impact your credit score.
Get full approval: Once pre-qualified, submit the necessary documents to verify your application. Upon full approval, you'll receive a home shopping budget to guide your search.
Find your dream home in Saskatoon: Find suitable rent-to-own homes for sale in Saskatoon that fits your needs and budget. Once you select a property, Requity Homes will purchase it for you, covering all closing costs, including land transfer tax and legal fees.
Move in and save up: Move into your new home and start paying rent. A portion of your monthly rent payments will be saved toward your down payment, helping you build equity over time.
Buy your home: When you are ready to secure a mortgage, you can buy the home from Requity Homes at a pre-determined price. If you decide not to purchase, you can walk away and cash out your savings.
To help you understand your financial commitments, use our rent-to-own payment calculator. This tool allows you to discover your personalized home shopping budget and calculate your monthly payments, giving you a clear picture of how much you need to save each month towards your future down payment.
The Benefits of Rent to Own a Home in Saskatoon
Rent-to-own offers a practical solution for those who want to own a home in Saskatoon but are not ready to take on a traditional mortgage. With housing prices increasing year after year, saving up for a down payment while renting can be challenging. Rent to own with Requity Homes provides an affordable and flexible pathway to homeownership by allowing you to lock in the price of your home and gradually build equity.
Let’s say that you have found the perfect home in Saskatoon for $400,000.
You have two options:
1. Rent for Two Years Then Purchase the Home
Using a base formula of 10% appreciation annually, your $400,000 Saskatoon home would be valued at $480,000 after two years.
2. Rent to Own with Requity Homes
Requity Homes offers a low 5% price increase per year, lower than the average growth rate. That means when you rent to own a home in Saskatoon with Requity Homes, you can lock in the price of your new home and know what it will be valued at in two years.
For example, with Requity Homes a growth rate of 5% means that you can buy your new home in two years for $440,000 instead of $480,000. That is a sizable savings of $40,000!
The Requity Homes rent-to-own homes Saskatoon program is there to help get you and your family into the home of your dreams while saving you a significant amount of money in the process.
Homeownership is at your fingertips sooner than you could have ever imagined when you rent to own in Saskatoon with Requity Homes.
.png)
