That with respect to Revised Notice of Motion EC2025-0117, the following be adopted: NOW THEREFORE BE IT RESOLVED that Council direct Administration to return to Executive Committee by Q2 2026 with a scoping report, workplan, and supporting budget request for consideration in the 2027-2030 Service Plans and Budgets for a: Taxation Program to incentivize Multi-Residential Housing Developments city-wide, which may include, but is not limited to: The use of residential sub-classes for multi-residential developments that is reflective of the relationship between population density and the per capita cost of providing City services (the building, operating, and maintenance of City services, in addition to the revenues generated by higher per-capita use of City services); and, Assessment and taxation modelling that reflect for the cost and productivity of servicing (capital and operating requirements) multi-residential developments or higher density neighbourhoods based on thei
Council asked City staff to study and design tax incentives for multi-unit housing and a potential property-tax exemption for new purpose-built rental near transit, and to return by Q2 2026 with scoping reports, workplans and budget requests.
The studies could lead to new residential tax sub-classes and updated assessment/tax models that reflect how density affects per-capita service costs and productivity, potentially changing tax levels and influencing where and what types of multi-unit housing are built. A tax-exemption for purpose-built rental in Transit Oriented Development (TOD) locations is intended to encourage rental housing near transit but could reduce property tax revenue and require funding decisions in the 2027–2030 budget process.