Development Incentives & Housing Programs

New Development Incentive Aims to Spark Commercial and Residential Growth in Prince Albert

A new tax incentive program is now available for developers building new commercial or multi-unit residential projects in Prince Albert. The program, approved by City Council on July 21, 2025, offers a declining scale tax abatement over four years and applies to new construction projects approved after that date.
Under this program, qualifying developments will receive:
  • 70% municipal tax abatement in the first year after construction is completed
  • 50% abatement in the second year
  • 30% abatement in the third year
  • 15% abatement in the fourth year
  • Full taxation by the fifth year

Housing Programs

The City of Prince Albert has recently completed the 2024 Housing Needs Assessment to evaluate the community's current and future housing requirements. This assessment will guide the City in encouraging private investment, aligning housing development with economic growth, and shaping municipal policies.

Building on previous work from the City's Housing Plan (2012) and Housing Plan Action Strategy (2017), the assessment identifies key priorities and strategies to ensure that housing in our community remains affordable and accessible. Funding for these programs is outlined in our Housing Reserve Policy.

Affordable Housing Program

You can make application to the Affordable Housing Program if you are a non-profit corporation wanting to create affordable housing units.

First Time Home Buyer Program

You can make application to the First Time Home Buyer Program if you are purchasing a home for the first time.

Secondary Suite Program

You can make application for the Secondary Suite Program if you have an existing secondary suite that does not conform to relevant building standards.

Vacant Residential Lot Program

You can make application to the Vacant Residential Lot Program if you are building a home on a residential lot that has been vacant for three (3) or more years.

Derelict Property Demolition Incentive Program

You can make application to the Derelict Property Demolition Incentive Program if you own a derelict property and wish to demolish it. You may also make application to this program if you have large damaged, diseased or dead trees on your property that are a considerable risk to your property and the neighbours.

Other Programs

You may also be interested in housing programs the provincial government and federal government have to offer.