Fast ground subsidence in southern Saskatchewan (Canada) between the city of Saskatoon and Rice Lake was observed with the RADARSAT-2 interferometric synthetic aperture radar (InSAR) during 2008–2011. We collected 23 ascending Multi-Look Fine 3 Far (MF3F) and 15 descending Standard 3 (S3) RADARSAT-2 images and performed time-series analysis utilizing Small Baseline Subset (SBAS) and Multidimensional SBAS (MSBAS) methodologies. We observed two well-defined circular regions located a few kilometers apart and subsiding with the nearly constant rate of about 10 cm yr^-1. MSBAS decomposition revealed the presence of both vertical and horizontal ground displacements. For further analysis we selected two highly coherent interferograms spanning from November to December 2009 until April 2010 thanks to particularly favorable ground conditions that displayed superior coherence. We performed modeling and inversion assuming spherical and sill source models in order to determine the source location, depth and strength. The sill source model produced the smallest residual of 0.7 cm yr^-1 applied to ascending interferograms and 0.9 cm yr^-1 applied to descending interferograms. A residual of 1.0 cm yr^-1 was achieved with the sill model when both ascending and descending interferograms were used. This model suggested sources located at 1.3 and 1.2 km depth with radius of 1.0 and 1.3 km for eastern and western areas, respectively. The spherical model suggested slightly shallower sources located at 0.9 and 0.8 km. We could not precisely identify the cause of this deformation, but the observed subsidence rate and source depth suggest mining-related origin. Topographic changes produced by this subsidence rate over a long time may produce shallow groundwater redistribution and flooding of agricultural lands.