That fund is real and it has real terms: the City of Saskatoon accepted federal Housing Accelerator Fund money from CMHC in exchange for specific zoning reforms, mainly allowing more units on lots that used to permit only a single detached home, applied city-wide rather than neighbourhood by neighbourhood.
So if your neighbourhood is changing, it is almost certainly this zoning-bylaw shift rather than a quota assigned to your specific streets: a lot that once allowed one house can now often support a secondary suite or a small multi-unit building as of right, without a rezoning application for each one.
For a seller, that shift can raise what your lot is worth for its redevelopment potential, separate from what the existing house is worth as it sits, and separate again from the city's $444,700 for a typical resale home. Get your hand-reviewed valuation from Joel Dyck.