Did you know you can buy or build your dream home in Ponoka for much less than it costs in the city?
We are a scenic rural community where the cost of housing is much lower than the city and you can enjoy all the advantages of our relaxed, small-town lifestyle without the crowds.
We also have high-speed, fibre optic Internet, making it easy to work from home and telecommute anywhere!
The Town of Ponoka created our New Resident Attraction and Incentive Program to give you that extra nudge as you look for the perfect rural community to call home.
The New Resident Incentive Program offers the following tax breaks and incentives to new and existing residents in Ponoka:
Residential New Build Incentive
For new and existing residents who build or buy a newly-built home in the Town of Ponoka in 2022. You can enjoy the following tax savings over three years:
- 75 per cent reduction on the municipal portion of your property taxes in Year 1 following purchase or construction of a new home;
- 50 per cent reduction in Year 2; and
- 25 per cent reduction in Year 3.
That would add up to a total tax savings of more than $4,500 on a house with an assessed value of $380,000! (The example above is based on 2022 property tax rates).
To apply for the Residential New Build Property Tax Incentive, please phone (403) 783-0127 or email RealLiving@ponoka.ca. Or click here to fill out an application form and email it to RealLiving@Ponoka.ca. Please note that all applications must be received by December 31, 2022.
New Resident Incentive
New residents who buy and move into a resale or previously lived in home in the Town of Ponoka in 2022, can receive a free one-year recreation pass valued at up to $400. The recreation pass offers free admission for one year to the Ponoka Aquaplex and to drop-in programming (racquetball, badminton, basketball, dodgeball and floor hockey) at the Ponoka Arena Complex.
To qualify, you must have moved to the Town of Ponoka from a different municipality.
To apply for the New Resident Grant, please phone (403) 783-0127 or email RealLiving@ponoka.ca. Or click here to fill out an application form and email it to RealLiving@Ponoka.ca. Please note that all applications must be received by December 31, 2022.
To learn more about our New Business Incentive Programs or Major Home Renovation Incentive Program, please click here.