Strategic Taxation Policy
Why this matters:
With residential sub-classing in place, Edmonton’s property tax structure presents an impediment to further infill growth in our core neighbourhoods and represents a significant roadblock if we are to achieve the goals set out in our recently approved City Plan. The existing structure creates a competitive disadvantage when compared with other markets, both regionally and nationally. In particular, Edmonton’s taxation rate for high-density multi-family rental development is significantly higher than compared to Calgary’s, which provides a competitive disadvantage for our city within the province. The effect of this disparity will be felt in various ways such as where investors choose to allocate, and where highly mobile residents choose to live.
Our desired outcome:
“Other Residential” subclass is phased out.