Looking to develop or revamp property in White City? We've got your back! Our Development Incentive Policy is all about boosting the growth of residential and commercial spaces in our town, making it a win-win for you and the community.
The Goal
We're all about spurring growth in the Town Centre and across the board, making sure every corner of White City thrives.
The Perks
For starters, we’ve got incentives to fast-track infill properties. Why? Because we believe in adding value to established neighborhoods while giving a boost to our town's economy.
| Type of Development | Tax Reduction/Abatement for First Year | Tax Reduction/Abatement for Second Year | Tax Reduction/Abatement for Third Year |
|---|---|---|---|
Infill Development | |||
| New Residential Dwellings | 100% | 100% | 50% |
| Show Homes | 100% | 100% | 50% |
| New Commercial or Redevelopment | 100% | 100% | 50% |
Town Centre and New Developments | |||
| New Residential Dwellings | 50% | 25% | - |
| Show Homes | 75% | 50% | 25% |
| New Commercial | 100% | 100% | 50% |
Tax reductions/abatements are only eligible on the municipal portion of property taxes. No abatement shall be provided for the education portion of taxes.
Your Part
To snag these benefits, here’s the checklist:
- Make sure you're up to date with your property taxes and other dues.
- Fill out a development permit application.
- Seal the deal with a tax rebate agreement post-approval.
From tax breaks on municipal property tax to reductions for new developments and show homes, we've got you covered:
- For Infill and Redevelopment:
- 100% tax reduction for the first and second years, and 50% for the third.
- 100% tax reduction for the first and second years, and 50% for the third.
- Town Centre & New Developments:
- 50% off in the first year, 25% in the second for residential units.
- 75% off in the first, 50% in the second, and 25% in the third for show homes.
- 100% off for commercial construction in the first year, 50% in the second.
Incentives can switch owners with property sales, but ensure you are following policy guidelines or risk losing them.
Timelines
We're ready when you are! The policy came into effect on August 23, 2023 with retroactive benefits for eligible developments.
To view the full policy and read further into the necessary steps, click here.
Got more questions? Drop us a line! We're here to make the journey to your dream property a breeze.
You can reach Delainee Behrns, Manager of Planning and Development, by email at dbehrns@whitecity.ca; or Chace Kozack, Development Officer, at ckozack@whitecity.ca.