News Releases

The City Administration is proposing a loan program that will allow homeowners to make their properties more energy efficient.

Following extensive research and public engagement, the proposed Home Energy Loan Program (HELP) will be presented to the Standing Policy Committee on Environment, Utilities, and Corporate Services at its regular meeting February 1, 2021.

If approved, HELP will provide loans for energy efficiency retrofits or renewable energy installations for single-family homeowners.

“It’s a unique program – loans provided from the City are attached to the property being retrofitted or renovated and would be paid back through the homeowners’ property taxes,” says Jeanna South, Director of Sustainability. “The loans are attached to the property and not the person, so the loan can be passed from one homeowner to the next if the property is sold.”   

 Examples include window and door replacements, solar panel installations, heating and cooling system upgrades, or added insulation.

South says the program is designed to benefit the community in many ways beyond addressing climate change in Saskatoon and nationwide. 

“It will assist homeowners in paying for home upgrades that will reduce energy bills, make those upgrades financially accessible, help to make homes more comfortable, and it will stimulate Saskatoon’s economy, especially in the construction and renewables sectors.”

Based on research, public engagement and lessons learned from other municipalities, the report recommends key factors such as:

• Eligibility requirements will include homeowners’ demonstrated good standing on property tax payment
• Participants will pay an administration fee, proposed at approximately $500 per participant, that can be spread out over time in the loan
• Interest rates on loans will match the City’s interest rate on debt for the same term (between 2-4% depending on prime rate)

If approved by City Council, an application will be made through the Federation of Canadian Municipalities, bylaw development will proceed with the goal of launching HELP later in 2021.

This program supports the City’s Low Emissions Community Plan, a roadmap that outlines 40 actions the City and community of Saskatoon need to take to help mitigate climate change. 

Visit saskatoon.ca/engage/help for more information on the program or to track its progress.

The City of Saskatoon has, once again, been reconfirmed as having a ‘AAA’ credit rating with a “stable” outlook by S&P Global Rating Services (S&P), a favourable ranking that the City has retained for more than 10 years.

In reaffirming the City’s ‘AAA’/Stable credit rating, S&P’s report released today noted the City “will continue to benefit from a strong and diverse economy that supports strong budgetary performance, keeping debt issuance manageable and liquidity exceptional.”

The City’s Chief Financial Officer Kerry Tarasoff points out S&P grants this rating for many reasons; the S&P report says the City’s “…disclosure and transparency are what we believe to be good, and the City prepares robust annual operating and capital budget documents.”

The report also highlights an expectation that the City's strong financial management will keep Saskatoon with a ‘AAA/Stable’ rating for years to come.

“We have heard some recent commentary about the City’s transparency and financial performance in a ‘report card’ of sorts,” Tarasoff says. “The rating City Council relies on is the one from S&P Global Rating Services.”

He adds as with all Canadian municipalities, COVID-19 has had a huge impact on the City’s finances for 2020 and 2021, however he says S&P Global is treating these impacts as temporary in nature.  Taken from the report  released today:

 “Although the impact of the pandemic depends on the rate of spread and duration, we believe that Saskatoon's prudent financial management and cost-containment efforts will continue to generate robust operating balances and mitigate the direct fiscal impacts stemming from the pandemic. At the same time, we expect the City's prudent financial management and diverse economy will continue to support Saskatoon in generating strong budgetary performances that will help fund its capital agenda and keep its debt level manageable; this, in turn, will help preserve the City's exceptionally strong liquidity.”

Key findings within the January 27, 2021 S&P Ratings Direct® Report are:

• Saskatoon’s diverse economy with a growing population will provide consistency in the city's property tax base despite the negative impact of COVID-19
• The City's prudent financial management will continue to allow it to post strong operating balances
• A stated belief that “the city's relationship with the province will remain well-balanced and supportive”
• Saskatoon will continue to generate robust operating margins despite the near-term impact of the pandemic on the City's fiscal position
• Strong operating balances will help the City in implementing its capital plans while maintaining minimal levels of tax-supported debt
• The City's exceptional liquidity position will continue to support its creditworthiness

The full report is available on the City’s website saskatoon.ca/finance.

The City wants property owners to better understand the provincial property assessment process and has developed new tools and information to help. As is required by provincial law, all property types must be reassessed every four years. The City of Saskatoon issued more than 100,000 Reassessment Notices to property owners via mail earlier this week along with an informative guide.

“We’re here to help property owners and answer their assessment questions,” says Bryce Trew, City Assessor. “For 2021, we’ve created six new videos and enhanced our online tools to assist property owners with additional information to help explain the assessment process – which can be confusing at times.

We encourage property owners to review their property’s new assessed value and characteristics on our website and to get in touch with us for support. Most assessment-related questions can be addressed by chatting with an assessor before deciding to file a formal appeal with fees. Property owners may connect with us by email, phone or by making a safely distanced in-person appointment, adds Trew.”

The 2021 Assessment Roll is now available for public viewing.  Property owners also have a 60-Day Customer Review Period – the time during which they may formally appeal their assessment.  The roll and appeal period are both open from January 25 through to March 29, 2021.

 “Some property owners have asked if their property’s new assessed value is what they would typically sell their property for and this may not be the case,” Trew says. “The assessed value of your property is calculated for taxation purposes only - it’s an estimate based on sold properties in your market area.  The provincial law works with a legislated base date and for 2021 that date is January 1, 2019.

It’s important to note that any market influence COVID-19 may or may not have had on a property’s assessed value will not be reflected in the 2021 property reassessment figures as the pandemic occurred after the base date.” 

2021 Reassessment Information Backgrounder

Highlights of the 2021 Assessment Roll:               

• The total value of the 2021 Taxable Assessment Roll is $41.3 billion, compared to $43 billion in 2020 as a result of reassessment.
  • Commercial assessment accounts for $9.9 billion (approx. 3,300 properties)
  • Residential assessment accounts for $31.4 billion (approx. 91,000 properties)

• The typical Residential property assessed value in Saskatoon decreased 7% and the typical Non-Residential (Commercial) property assessed value increased 8%. (In the last assessment cycle, the Residential tax class increased 12% and the Commercial tax class increased 36%.)
  • If a property owner had an assessment reduction of 7% in assessment, this does not mean their property tax will decrease 7%.

Key Findings from the 2021 Assessment Roll

Assessment Subgroups:

Single-Family Residential: decreased 6% (Median Assessment is $344,000)

Residential Condominiums: decreased 12% (Median Assessment is $209,900)

Multi-Residential: decreased 11% (Median Assessment is $1,404,900)

Retail: increased 24% (Median Assessment is $1,503,500)

Office: increased 16% (Median Assessment is $1,377,750)

Industrial: decreased 10% (Median Assessment is $1,431,900)

Hotel: decreased 23% (Median Assessment is $9,688,300)

• 93% of Single-Family properties had a change of plus or minus 10% of the average change (decrease of 7%).
• 28% of Residential Condos saw a decrease of 10%-20% more than average change (decrease of 7%).
• Within the Multi-Residential subgroup, Townhouse decreased 19% and Low-Rise decreased 14%, the largest decreases. These two groups account for 90% of the Multi-Residential subgroup inventory.
• 33% of Commercial properties had a change of plus or minus 10% of the average change (increase of 8%). 

Questions? We’re here to help.

Email: assessment.submit@saskatoon.ca

Mail: City of Saskatoon, Assessment & Valuation, 222 - 3rd Avenue North, Saskatoon, SK S7K 0J5

Call:  306-975-3227 for questions or to book an in-person appointment Monday to Friday, 8:00 a.m. to 5:00 p.m.

Visit saskatoon.ca/assessment for more information.
 

Following the first National Day for Truth and Reconciliation (NDTR) on September 30, 2021, the Saskatoon Tribal Council has initiated a campaign called #ActOnReconciliation. It’s intended to harness the momentum of NDTR and Orange Shirt Day (also September 30) and keep Reconciliation top of mind all year long.

The campaign coincides with a time when the devastating discoveries of unmarked graves at former residential schools keep coming. Yesterday, Williams Lake First Nation announced the discovery of potential human burials on the former grounds of St. Joseph's Mission Residential School in British Columbia’s central interior. The City of Saskatoon is lowering its flags to show support for Williams Lake First Nation, Survivors, and all families impacted by residential schools.

Saskatoon Tribal Chief Mark Arcand says: “Sharing how we are going to take action going forward to make reconciliation happen is the way through the dark history of Residential Schools to heal our intergenerational trauma and improve the quality of life for our people. It is by coming together united in a common cause, such as the movement #ActOnReconciliation, that we build community and strengthen relationships to move forward in a good way.”

The City is supporting this initiative by challenging its employees and Saskatoon residents to act on Reconciliation throughout 2022.

Saskatoon Mayor Charlie Clark says: “Reconciliation begins with truth. And every day, we hear more truths about the injustices that Indigenous peoples have faced in our community and our country – from hurtful comments to structural racism to the deaths of children, as we learned about yesterday from Williams Lake First Nation. We have a role and a responsibility to act on these truths, every day, with an open mind and heart, and to be part of building a community that honours all of us equally.”

The City’s Director of Indigenous Initiatives, Melissa Cote, says: “The demonstrations of support in our community for Reconciliation this fall were unprecedented—but Reconciliation is more than one day. We need to keep making steps forward on our journey to Reconciliation, as individuals and organizations; undertaking big and small actions to continue the healing in our community.”

#ActOnReconciliation Challenge

On the last Friday of each month, the City is encouraging its employees and all Saskatoon residents to:

1. Wear their EveryChildMatters shirt or any other orange shirt.
2. Consider taking up the suggested Reconciliation action for the month (see below) or any other Reconciliation action.
3. Use the hashtag #ActOnReconciliation to share the action they’re taking and challenge their followers to also #ActOnReconciliation.

Suggested action for January – Land Acknowledgment

Consider adding a Land Acknowledgment to your e-signature, newsletter, website, or other. Post a Land Acknowledgment at your place of business/learning/recreation/other. Learn why Land Acknowledgments matter and how to create yours by checking out this Teaching and Learning material provided by the University of Saskatchewan.

In order to establish and maintain a mutually respectful relationship between Indigenous and non-Indigenous people, the Truth and Reconciliation Commission (TRC) found that “there has to be awareness of the past, an acknowledgement of the harm that has been inflicted, atonement for the causes, and action to change behaviour.”

The City has been actively engaged – as a municipality, Co-Chair of Reconciliation Saskatoon, and through other community partnerships – in efforts to help raise awareness about Reconciliation and in providing opportunities to participate. Learn more at saskatoon.ca/Indigenous.

A Saskatoon Access Transit bus and a Canadian Pacific Train collided around 7:45 a.m. this morning at a crossing on 20^th Street West; Access Transit is grateful there are no reported injuries.

The operator had parked near Station 20 West to help a passenger off. Another passenger remained on the bus.

Saskatoon Fire dispatched two engines to the scene and upon arrival firefighter paramedics helped to assist transferring the remaining passenger to hospital as a precaution. While the internal investigation is underway by Transit supervisors, it appears the bus had been parked too close to the railroad tracks.

Shortly after 9:00 a.m. rail officials reported the train was assessed and was safe to continue its trip.