Residential Incentive Programs

Couple excited about moving inDid 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 Residential Incentive Programs to give you that extra nudge as you look for the perfect rural community to call home. 

Program Details

The Residential Incentives offer the following tax breaks and incentives to new and existing residents in Ponoka:

Residential New Build Incentive

House construction

Renewed until December 31, 2025

New and existing residents who build or buy a newly-built home not previously occupied in the Town of Ponoka can qualify for this program.

This incentive allows citizens to enjoy the following tax savings over three years:

  • 75 per cent reduction on the municipal portion of your property taxes in the first year following the 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 qualify, applications must be received in the same year in which the development permit is issued.

To apply for the Residential New Build Incentive, please fill in this application form and phone (403) 783-0127 or email RealLiving@ponoka.ca for assistance. Or click here to contact us.

New Resident Incentive

Renewed until December 31, 2025

Unpacking boxesNew residents who buy and move into a resale or previously lived in home in the Town of Ponoka can receive a free one-year recreation pass to the Ponoka Aquaplex and Ponoka Arena Complex.

The Ponoka Aquaplex features a 25-metre indoor swimming pool, wading pool, deep tank with a 10-foot corkscrew slide, hot tub and sauna. The pass also includes free access to racquetball courts, drop-in programming and public skating/shinny hockey at the Ponoka Arena Complex.

To qualify, you must have moved to the Town of Ponoka from a different municipality. Applications must be submitted in the same year as the applicant’s possession date of their new property.

To apply for the New Resident Incentive, please fill in this application form and phone (403) 783-0127 or email RealLiving@ponoka.ca for assistance. Or click here to contact us.

Major Home Renovation Incentive Program

Renovation on a homePonoka residents who complete major renovations on their home, which increase their property’s assessment value by at least 20 per cent (excluding land assessment value), can qualify for the following property tax breaks:

  • 75 per cent reduction on the assessment increase in the municipal portion of their property taxes in Year 1;
  • 50 per cent reduction on the increase in Year 2; and
  • 25 per cent reduction on the increase in Year 3.

Examples of major renovations that may qualify for the program include:

  • Finishing a basement;
  • Building an attached or detached garage;
  • Building an addition to increase square footage of a home;
  • Major kitchen renovations or complete renovation of a main living area. 

Applications must be received by December 31 of the same year in which the major home renovation work begins.

To apply for the Major Home Renovations Incentive, click here to fill out an application form. If you have any questions, please phone (403) 783-0127 or email RealLiving@ponoka.ca.


To learn more about our Business Incentive Programs, please click here.