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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
“This is a bold step toward supporting growth and addressing the need for more housing and commercial development in Prince Albert,” said Mayor Bill Powalinsky. “Whether in a new neighbourhood or an established one, we want to send a clear message: we welcome investment and are prepared to partner with developers to help make it happen.”
The incentive applies to all city areas and covers new commercial buildings or residential developments with five or more units.
A recently completed Housing Needs Assessment identified a significant housing shortage in Prince Albert. This incentive encourages more residential construction while expanding the commercial tax base to support the city’s growth.
For more information on how to apply, visit http://citypa.ca/grow
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Media Contact
Mayor Bill Powalinsky
City of Prince Albert
Phone: 306‑953‑4300
Email: mayor@citypa.ca
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