Lot Draw Policy (2008)
In the current market conditions, there are a limited number of serviced lots available for sale. In addition, there are increasingly fewer homes available for sale in Prince Albert.
Previously, the City sold land based on setting prices and selling on a first come first served basis. When lot draws did occur, contractors and individual home builders had access to one lot in the draw.
To expedite the process and to ensure that new homes are on the market, the City of Prince Albert has developed a new lot draw policy. The policy was developed in consultation with home builders and considers policies of Regina and Saskatoon.
Lot Draw Policy
The policy allows qualified contractors to build and resell complete homes to interested buyers while allowing individuals to act as their own contractors for their own personal residences.
The lot draw policy will now:
- Grant individuals the opportunity to purchase one out of every three lots
- Grant contractors the opportunity to purchase two out of every three lots
- Require that contractors be full time homebuilders, registered with the Corporations Branch of Saskatchewan and have a current business license
- Require that contractors have membership in a new home warranty program that is accepted by the CMHC and which has the authority to operate in the Province of Saskatchewan
- Sell any remaining lots on a first come, first served basis.
To view thel policies that were amended November 24, 2008, please click on the links below:
Frequently Asked Questions
For more information, please call the Economic Development and Planning Department at 953-4370 or visit us on the 3rd floor of City Hall, 1084 Central Avenue.