The City has two incentives to encourage the conservation of historic buildings and sites in the Downtown core. These incentives make it possible for land owners to increase the maximum density allowed on a site in exchange for legally protecting
an evaluated historic resource
Owners of a historic resource who are redeveloping their heritage property can have their preservation efforts recognized as additional density through the Historic Resource Retention Incentive
. This increases the maximum density that can be built on the heritage property.
Owners of a historic resource who are not planning on redeveloping their property can also be recognized for their preservation efforts and can transfer unused density currently allowed on their site (including any additional density earned through preservation efforts) to other Downtown sites under the Heritage Density Transfer Incentive
If you do not own a historic resource but are redeveloping land in the Downtown core, you can apply to increase the maximum density on your site under the Heritage Density Transfer Incentive
by negotiating a density transfer with the owner of a heritage site.
Choosing the right incentive
Senior Heritage Planner