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What is happening?
As part of the Housing Action Plan, the City is developing a new Development Incentives Program. This program is designed to support the City’s goals for growth, revitalization, and housing development. It will replace the current Vacant Lot and Adaptive Reuse (VLAR) Incentive Program and focus on encouraging development in key areas such as the City Centre and Corridor Growth Areas.
The proposed development incentives include:
Incentives for the Downtown and City Centre Areas
Properties in the Downtown and City Centre may qualify for incentives that support revitalizing vacant lots or buildings for residential or commercial use.
- Eligible projects may receive a five-year phased tax abatement on new or incremental property taxes subject to Council approval.
Incentives for the Corridor Growth Areas
Properties in the Corridor Growth Area within Established Neighbourhoods, but outside the Downtown and City Centre Areas, may qualify for incentives focused on revitalizing vacant lots or buildings for residential or mixed-use development.
- Eligible projects may receive a five-year phased tax abatement on new or incremental property taxes subject to Council approval.
Incentives for Adaptive Reuse Feasibility Studies
To support thoughtful redevelopment, incentives will be available for feasibility studies that assess the potential for adaptive reuse of existing buildings. These studies help determine technical, financial and market viability.
- Available for prospective commercial or residential projects within the Downtown or City Centre.
- Also available for prospective projects with a residential component in the Corridor Growth Areas.
How to get involved?
Share your feedback on the proposed changes:
Contact Us - Submit your comments or questions using the online form: Leave comments or questions
Comments will be accepted until October 17, 2025