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Number of New Attainable Housing Units

“500 new units annually across the attainable housing continuum” measures the City’s success in developing a mix of affordable housing for ownership and rental throughout Saskatoon to address basic needs.

How are we doing?   

The City of Saskatoon has supported an average of 602.2 units of attainable housing annually over the last five years including 525 units in 2016.

Data Table
New Attainable Housing Units
  2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Annual 273 465 878 755 629 542 560 525 500 500 500 500 500 500 500
Rolling Average 218 300.33 404 474.2 600 653.8 673 602.2              
Target             500 500 500 500 500 500 500 500 500


Description

The target measures the City’s success in developing a mix of affordable housing for ownership and rental throughout Saskatoon to address basic needs. Affordable, appropriate, and secure housing contributes to healthy and economically viable communities. The target includes a mix of the following: 

  • Affordable rental and secondary suites 
  • Purpose-built rental units 
  • Affordable-ownership units
  • Entry-level ownership units 

How are other cities doing?

Comparisons between cities are difficult because of differences in programs and definitions that cities use for attainable housing. Regina adopted a new strategy in 2013 to increase its housing supply. 

What do we need to do to achieve this target?

The City has a ten-year Housing Business Plan to support 500 units annually across the attainable housing continuum. Achieving the target requires an annual optimal investment of approximately $2 million which leverages additional funding from the federal and provincial governments, Aboriginal groups, non-profit housing providers, faith groups, and private builders. The annual investment may be less in years when the housing providers are focusing on providing smaller units with a lower cost per unit. The City’s average costs per attainable housing unit are as follows: 

 

What are the benefits of achieving the target?
Implementation of the City’s housing program will result in more affordable and appropriate housing choices for Saskatoon residents, helping them to contribute to our community and economy. Groups that directly benefit from achieving the target include the following: 
Métis and Off-reserve First Nations people 
  • New immigrants to the city 
  • Single parents 
  • Young people entering the workforce
  • Post-secondary students 
  • Low and moderate income individuals and families 

When people have appropriate housing, everyone benefits and the quality of life in Saskatoon remains high.

What are the risks? 

Several factors influence the city’s ability to achieve this target: 

  • Funding commitments from other levels of government which together contribute significantly more than the City of Saskatoon to attainable housing in Saskatoon. 
  • The willingness of non-profit housing providers and private home builders to create new attainable housing units.
  • The availability of suitable land for housing projects. 
  • Economic factors such as interest rates, mortgage and lending rules, the availability of skilled labour, and demand and supply for rental housing.

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