Cost of Living in Saskatoon, Saskatchewan

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Cost of living in Saskatoon

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2008 Housing Prices

(Saskatchewan) Type	Price	Qualifying Household Income*
Standard Two-Storey	$280,500	$70,678
Detached Bungalow	$271,400	$67,534
Townhouse	$228,750	$56,937
Condo	$174,500	$43,811
* Based on a 25% down payment and a 25-year mortgage loan at a five-year fixed rate -excluding maintenance fees. Source: RBC. March, 2008.

(Saskatchewan) Date	Average House Price*
2006	$157,950
2007	$228,250
* Based on properties sold through the Multiple Listing Service. Source: The Canadian Real Estate Association. 2007.

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Average Rent for Two-Bedroom Apartments in 2007
$693.00 per month
Source: Canada Mortgage and Housing Corporation. 2007.

2006 Average expenditure per household

Concept	Annual Amount
Food	$6,282
Shelter	$12,214
Household Operation	$3,247
Transportation	$8,879
Personal Taxes	$12,725
Source: Statistics Canada. 2008.

Public Transportation

Type	Ticket	Monthly Pass
Regular	$2.50	$68.00
Senior	$2.50	$20.00
Source: City of Saskatoon. 2008.

2005 Average Car Insurance in SASKATCHEWAN
N/A

2007 Minimum Wage
$7.95 per hour

Consumption Taxes
In Saskatoon, two different taxes are applied to products and services. The federal Goods and Services Tax (GST) is 6%, while the Provincial Sales Tax (PST) is set at 5% and applies to the selling price including the GST. Some items including groceries, restaurant meals, and books are PST exempt.

2007 Federal Income Tax

Net Income	Tax
Basic Personal Amount	0%
Up to $37,885	15%
Up to $72,769	22%
Up to $123,184	26%
Over $123,184	29%
Source: Canada Revenue Agency. 2008.

2006 Provincial Income Tax

Net Income	Tax
Basic Personal Amount	0%
Up to $37,579	11.0%
Up to $69,788	13%
Over $69,788	15%
Source: Government of Saskatchewan. 2006

2008 Total Violent Crime Rate
Report on crime in Saskatoon

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