Priority within that pool usually comes down to a mix of factors: current housing need, household size relative to unit size, and how long an applicant has been on the waitlist, rather than a first-come, first-served or random draw.
Because the qualifying income threshold and the waitlist length change over time, the only reliable answer for a specific household comes from the administering body directly rather than a general estimate that may already be out of date.
If you are downsizing out of a family home and weighing whether affordable housing fits your situation, that is a very different financial path than selling on the open market at Saskatoon's $444,700 benchmark price. Get your hand-reviewed valuation from Joel Dyck.