Edmonton eyes condo incentives

The City of Edmonton is offering developers a building incentive of two extra storeys on committed three-bedroom projects

By
Western Investor
March 19, 2018





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In a bid to lure more families and shoppers downtown, the City of Edmonton is considering density bonus of two extra floors on condo projects, if the new units are three-bedroom suites. Developers would also be allowed to add ground-floor retail space.

The rules would apply to new multi-family construction for condo towers zoned for up to 18 storeys. Developers would get city permission for two extra storeys if they commit to building eight three-bedroom units or 7 per cent of the project, whichever is less.

It applies on many sites near transit and in higher-density neighbourhoods. 

Builders would also be allowed to include small shops and offices, without getting special permission.


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