
Report shows Prince Albert needs over 1,000 housing units in the next 10 years
The City of Prince Albert council was presented Monday night with a detailed look at what is needed to satisfy housing demand in the city.
The numbers are large and a mismatch exists between supply and demand when it comes to both renting and owning. To help fix it, between 87 to 160 units are needed per year until 2036.
“Prince Albert has lagged the rest of the province in construction,” Brenda Wallace of Wallace Insights, the company hired to conduct the study, told council.
Ideally, to meet future demand, the city would need to produce around 130 units annually in a mix of affordable and market housing. Right now, it’s producing 87 units annually. Those 87 units are the result of new developments like three 60-unit apartment complexes in the West Hill but before that, construction lagged for two decades.