2026 financing growth update

We are currently working on a comprehensive update to our development contribution tools. The 2026 Financing Growth Update Council report (4.6 MB) with the proposed changes is included on the July 14, 2026, agenda. This update will:

  • Incorporate updated growth projections and capital programs
  • Recalibrate rates based on economic testing to reflect current market conditions
  • Comply with recent provincial legislation

Development contribution tools under review

  • Development Cost Levies: Consider adding new eligible spending categories (fire, police, and solid waste) and recalibrate rates
  • Amenity Cost Charges: Introduce new tool to fund amenities (for example, community centres, libraries, and other amenities)
  • Density Bonus Zoning: Comply with legislative changes
  • Inclusionary Zoning: Introduce new tool to deliver affordable housing
  • Community Amenity Contribution Policy: Reduce use as new tools are implemented

Timeline

  • June 2025

    Project kick-off

  • September 2025

    Updated growth projections

  • October 2025

    Review of service levels

  • November 2025

    Preliminary capital programs

  • January 2026

    Stakeholder engagement round 1

  • March/April 2026

    Updated capital programs, rate calculations

  • May 2026

    • Economic testing results, stakeholder engagement round 2
    • Compliance report - Density bonusing (Referral)
  • We are here
  • June 2026

    Compliance report – Density bonusing (Public hearing)

  • July 2026

    Council approval

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