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St. Albert New Home Development Fees To Skyrocket

Ryan Tumilty from the St. Albert Gazette wrote an interesting article this week about the change to the fees structure on new home lots. This is going to have a major impact on the cost of new homes; which in turn will make affordable housing in St. Albert even harder to achieve.

On one hand, St. Albert’s city council has been pushing for developers to include some “affordable housing options” under pressure from the province. Then this week the same council increases the taxes on new lots; making it more expensive to build a home and eliminating the option to build a new home for many of our residents.

Click Here for the original article on the St. Albert Gazette website.

Here’s an excerpt…

The city’s new offsite levy proposal will likely make St. Albert the most expensive place in the region to build a new home.

Information on the rates went to council’s finance and audit committee Monday. They are scheduled to return to council in October for final approval.

Offsite levies are designed to compensate the city for the costs of building infrastructure like water pipes, sewer trunks and arterial road to new housing developments.

Under the most recent proposals, which could still be updated before going to council, developers will pay total levies of $201,282 per hectare for their projects anywhere north of Villeneuve and Coal Mine roads.

In the western portion of the annexed lands, west of Ray Gibbon Drive, they will pay anywhere from a low of $177,628 to a high of $206,203 depending on how developments connect to the sewer system.


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