Real Estate

“We need to diversify all of our approaches in terms of trying to bring on more attainable non-market affordable – whatever you want to call it – housing to be able to house our workforce and our citizens. … I think this is a good investment of exploration,”

A new residential project will see a developer pay off-site levies on a phased basis as the policy that guides such payments will return to council in the future for a much needed update.

Though Alberta doesn’t allow vacancy taxes similar to Vancouver or Toronto, the Municipal Government Act enables tax subclasses to be created and each taxed at different rates.

A Bow Valley advocacy group for builders and developers will take part in the upcoming legal battle on off-site levies between the Town of Canmore and developers after a ruling by a provincial tribunal.

“I’ve learned a lot in the last year I’ve been at CCH. It’s been an evolution, but it’s been great. The team is great and everything CCH is doing is really beneficial. … You get the benefit of creating a bigger community and creating a sustainable community.”

A push by developers to have the Town of Canmore make public its calculations model will have a provincial tribunal decide what is heard at an upcoming hearing.

A preliminary hearing with a provincial tribunal has the Town of Canmore looking to remove a local development advocacy group in the upcoming appeal against Canmore’s off-site levy bylaw amendment.

“There are many providers – thousands across Canada – ready to bring below-market housing to market but the funding gap is very difficult to stack and scale. The financial equation just doesn’t work, but there are many ways to approach it.”