2026 financing growth update

We are currently working on a comprehensive update to our development contribution tools. 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

  • We are here
  • January 2026

    Stakeholder engagement round 1

  • February 2026

    Updated capital programs, rate calculations

  • March 2026

    Economic testing results, stakeholder engagement round 2

  • May 2026

    Council approval

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