Urban Flats II

Client

Innovative Assets

Partners

Canada Mortgage and Housing Corporation (CMHC)

Features

  • Completed in 8 months
  • Stacked townhouse
  • Included support from the Mortgage Loan Insurance Flexibilities for Affordable Housing Program
When hardworking families needed affordable long-term rental housing on Saskatoon’s east side, our team matched their mission with CMHC to make it happen with the help of the Mortgage Loan Insurance Flexibilities for Affordable Housing Program.

The selected site allowed for a 40-unit townhouse community with 2 and 3 bedroom options in close proximity to parks, elementary schools, the university, and shopping. By working in partnership with the government, our preferred modular specialist on the prairies, and our construction crew, we successfully achieved the quick turnaround, comfortable design, and high quality that Saskatonians deserve in a home. 

Construction consisted of two 12-plexes and one 16-plex completed in just 8 months, including 17 garages. The project maintains homes priced at least 10% below current market rents, all of which are priced below 30% of Saskatoon’s median household income* to exceed CHMC’s unit affordability ratio by 500%.

*As stated by Statistics Canada

40
Suites
40,280
sq ft
Urban Flats 2 townhouses in Saskatoon, Sask. The siding is grey and white. The photo shows the garage to the left.Green space between two townhouse complexes. On the right is the grey and white of Urban Flats 2.A view from the street of the Urban Flats 2 townhouses in Saskatoon, Sask.A photo of the parking lot and garage in Urban Flats 2, located in Saskatoon, Sask.

Fast-track construction with Big Block

Every journey starts with a single step. See how you can get from that first step to the finish line with our Kickstart Kit quis.
Take the quiz