City Lot Purchase Program

Buying a City-owned residential lot in Yorkton is a straightforward process designed to help you move from interest to construction with confidence. Whether you are planning to build your dream home, developing a spec home, or purchasing with a progress draw mortgage, the City offers options to support different building and financing plans.

Start by reviewing the available residential properties to find a lot that suits your needs. When you have identified a property of interest, complete the Lot Hold Form to let the City know which lot you are considering and provide your contact information. City staff will then review the request and assist with the next steps in the purchase process.

Before proceeding, prospective purchasers should review the Sale of Residential Lots Policy for the City’s requirements, conditions, and purchase procedures. Information is also available on residential construction and rental housing incentive programs that may apply to eligible projects.

If you have questions about lot availability, purchasing options, the lot hold process, or incentives, please contact the City of Yorkton’s Economic Development office.

Buying a City-owned residential lot in Yorkton is a straightforward process designed to help you move from interest to construction with confidence. Whether you are planning to build your dream home, developing a spec home, or purchasing with a progress draw mortgage, the City offers options to support different building and financing plans.

Start by reviewing the available residential properties to find a lot that suits your needs. When you have identified a property of interest, complete the Lot Hold Form to let the City know which lot you are considering and provide your contact information. City staff will then review the request and assist with the next steps in the purchase process.

Before proceeding, prospective purchasers should review the Sale of Residential Lots Policy for the City’s requirements, conditions, and purchase procedures. Information is also available on residential construction and rental housing incentive programs that may apply to eligible projects.

If you have questions about lot availability, purchasing options, the lot hold process, or incentives, please contact the City of Yorkton’s Economic Development office.

  • The Standard Purchase Process

    If you're purchasing a City-owned residential lot and paying the full purchase price without a progress draw mortgage, the process is straightforward.

    📍 Step 1: Choose Your Lot

    Select an available City-owned residential lot that meets your needs.

    ⏳ Step 2: Place a Lot on Hold

    Anyone can place a lot on hold for up to 30 days at no cost. If you need more time, you may request a second 30-day hold, also at no cost, in accordance with the City's policy.

    A lot hold gives you time to:

    • Work with your builder, designer, or architect.
    • Make sure your home plans are the right fit for the lot.
    • Ask questions about the purchase process.
    • Review the Sales Agreement with your lawyer before moving forward.

    📄 Step 3: Review the Sales Agreement

    Once you complete the Lot Hold Form, the City will prepare a draft Sales Agreement for your review.

    We recommend having your lawyer review the agreement before proceeding.

    ✍️ Step 4: Sign the Agreement and Pay Your Deposit

    When you're ready to move forward, the Sales Agreement will be sent to you through DocuSign for electronic signature.

    At the same time, you'll receive an invoice for the required 10% deposit.

    ⚖️ Step 5: Complete the Closing Process

    The remaining balance is due within 30 days.

    Your lawyer will guide you through the closing process, including transferring the title into your name and forwarding the final payment to the City.

    🏠 Step 6: Start Building

    Once the purchase is complete, your lawyer will transfer the title into your name and you can apply for a building permit when you're ready.

    There is no deadline to begin construction after purchasing your lot. However, once the title has been transferred, you become responsible for property taxes. Vacant land is taxed at a higher rate than residential property, which is an important consideration when planning your construction timeline.

    If you're purchasing a City-owned residential lot and paying the full purchase price without a progress draw mortgage, the process is straightforward.

    📍 Step 1: Choose Your Lot

    Select an available City-owned residential lot that meets your needs.

    ⏳ Step 2: Place a Lot on Hold

    Anyone can place a lot on hold for up to 30 days at no cost. If you need more time, you may request a second 30-day hold, also at no cost, in accordance with the City's policy.

    A lot hold gives you time to:

    • Work with your builder, designer, or architect.
    • Make sure your home plans are the right fit for the lot.
    • Ask questions about the purchase process.
    • Review the Sales Agreement with your lawyer before moving forward.

    📄 Step 3: Review the Sales Agreement

    Once you complete the Lot Hold Form, the City will prepare a draft Sales Agreement for your review.

    We recommend having your lawyer review the agreement before proceeding.

    ✍️ Step 4: Sign the Agreement and Pay Your Deposit

    When you're ready to move forward, the Sales Agreement will be sent to you through DocuSign for electronic signature.

    At the same time, you'll receive an invoice for the required 10% deposit.

    ⚖️ Step 5: Complete the Closing Process

    The remaining balance is due within 30 days.

    Your lawyer will guide you through the closing process, including transferring the title into your name and forwarding the final payment to the City.

    🏠 Step 6: Start Building

    Once the purchase is complete, your lawyer will transfer the title into your name and you can apply for a building permit when you're ready.

    There is no deadline to begin construction after purchasing your lot. However, once the title has been transferred, you become responsible for property taxes. Vacant land is taxed at a higher rate than residential property, which is an important consideration when planning your construction timeline.

  • Contractors Building a Spec Home

    Looking to build a show home or spec home in Yorkton? The City offers contractors the opportunity to purchase residential lots with additional time to complete construction before the final lot payment is due.

    This option allows contractors to secure a lot, begin construction, and complete their project before the full lot balance is required.

    🏗️ Contractor Purchase Terms

    • A 10% deposit is required when the Sales Agreement is signed.
    • Construction must begin within four (4) months of placing the deposit.
    • The remaining lot balance must be paid within 24 months of placing the deposit.
    • The City remains the registered owner of the lot until the lot is paid in full.
    • Once payment is complete, the title is transferred to the contractor or buyer.

    ☑️ Contractor Requirements

    To purchase a lot under the contractor purchase process, contractors must meet all three (3) of the following requirements:

    1️⃣ Have an active Saskatchewan corporate or business name;

    2️⃣ Be licensed by the City of Yorkton as a General Contractor; and

    3️⃣ Meet one (1) of the following requirements:

    • Have built at least one home in Yorkton; or
    • Have a current Yorkton Chamber of Commerce membership.

    Looking to build a show home or spec home in Yorkton? The City offers contractors the opportunity to purchase residential lots with additional time to complete construction before the final lot payment is due.

    This option allows contractors to secure a lot, begin construction, and complete their project before the full lot balance is required.

    🏗️ Contractor Purchase Terms

    • A 10% deposit is required when the Sales Agreement is signed.
    • Construction must begin within four (4) months of placing the deposit.
    • The remaining lot balance must be paid within 24 months of placing the deposit.
    • The City remains the registered owner of the lot until the lot is paid in full.
    • Once payment is complete, the title is transferred to the contractor or buyer.

    ☑️ Contractor Requirements

    To purchase a lot under the contractor purchase process, contractors must meet all three (3) of the following requirements:

    1️⃣ Have an active Saskatchewan corporate or business name;

    2️⃣ Be licensed by the City of Yorkton as a General Contractor; and

    3️⃣ Meet one (1) of the following requirements:

    • Have built at least one home in Yorkton; or
    • Have a current Yorkton Chamber of Commerce membership.

  • Using a Progress Draw Mortgage

    Planning to build a new home? A progress draw mortgage may allow you to complete the lot purchase and construction process through scheduled payments based on the terms of your mortgage agreement. The City will work with your lawyer and lender to complete the purchase process.

    📋 Homeowner Purchase Terms

    • A 10% deposit is required when the Sales Agreement is signed.
    • Construction must begin within six (6) months of placing the deposit.
    • The remaining lot balance must be paid within 12 months of placing the deposit.

    🏦 Eligible Lenders

    A progress draw mortgage must be provided by a Canadian chartered bank or credit union authorized to do business in Canada.

    Please note: Progress draw mortgages must meet the City’s requirements and be provided by an eligible lender.

    Planning to build a new home? A progress draw mortgage may allow you to complete the lot purchase and construction process through scheduled payments based on the terms of your mortgage agreement. The City will work with your lawyer and lender to complete the purchase process.

    📋 Homeowner Purchase Terms

    • A 10% deposit is required when the Sales Agreement is signed.
    • Construction must begin within six (6) months of placing the deposit.
    • The remaining lot balance must be paid within 12 months of placing the deposit.

    🏦 Eligible Lenders

    A progress draw mortgage must be provided by a Canadian chartered bank or credit union authorized to do business in Canada.

    Please note: Progress draw mortgages must meet the City’s requirements and be provided by an eligible lender.