CITY HOUSING BUSINESS PLAN EXCEEDS TARGETS IN 2013

After the first year of implementation, the City of Saskatoon’s (City) Housing Business Plan has supported the creation of 629 new attainable units in 2013, exceeding the target set by City Council of 500 new units per year.

The recently released Annual Report on the 2013 – 2022 Housing Business Plan indicates that the City has slightly exceeded the target for each of five housing types identified in the plan, with the exception of entry-level housing where the results were double the City’s target:

Targets and Results Achieved in 2013
Housing Type	Target	Results
Purpose Built Rental	200	212
Affordable Ownership	100	106
Affordable Rental	70	74
Secondary Suites	30	36
Entry-Level Ownership	100	2014
	500 units	629 units

The cost and supply of attainable housing in Saskatoon continued to be a challenge for low and moderate income earners throughout 2013.  The average price of a Saskatoon home rose to $344,740, and the average monthly rent for a two-bedroom apartment rose to $1,043.

The City is also reported to be on track to achieve its housing targets for 2014.  To date, a total of 378 attainable units of various housing types have been approved, with the goal of supporting 480 to 500 units. 

“Housing is not a traditional role of municipalities in Saskatchewan,” says the City’s Director of Planning and Development, Alan Wallace.  “However, the City understood there was a growing deficit of affordable housing in Saskatoon in 2007 and decided to proactively address this challenge by setting an ambitious goal to create 500 new attainable housing units per year, which eventually led to the creation of the Housing Business Plan.”

Approved by City Council in June 2013, the Housing Business Plan contains a variety of incentives and initiatives that support the creation of attainable housing units, which helps increase home ownership rates, with a focus on neighbourhoods where levels of ownership is a concern.

“Adequate housing is an important part of the City’s Strategic Plan and an essential infrastructure for supporting a growing economy and a good quality of life for all residents of Saskatoon,” says Wallace.

For more information on the Housing Business Plan and the work the City is doing in this area, visit www.saskatoon.ca and look under “H” for Housing Initiatives or call 306-975-3340.

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