To encourage downtown development, the City of Courtenay offers temporary tax exemptions for eligible new construction or major renovations in designated downtown areas.
Key points:
- Applies to residential, commercial, or mixed-use projects that meet eligibility criteria.
- Property tax exemptions are available for 5 to 8 years depending on the project.
- Affordable housing projects may qualify for a longer exemption period.
- Projects must be located in one of two revitalization zones and meet minimum construction values.
- Applications must be submitted before construction begins and include a signed agreement with the City.
Category
Land use
Bylaw No.
No.2937