The federal government will provide Charlottetown with $10 million through the Housing Accelerator Fund as part of an agreement they say will help spur the construction of more than 1,000 homes over the next decade.
Charlottetown has agreed to make changes to its building permits and zoning as part of the agreement. Those changes include:
- A new official plan that will enable more medium-density housing.
- Allowing up to four units on existing residential lots.
- Building heights will be increased from six to eight storeys near post-secondary institutions and in high-growth areas.
- Expediting the permitting of accessory dwelling units.
- Reducing parking requirements.
- Improved building permit processes, including e-permitting.
P.E.I.’s housing situation has been described as a crisis since 2018, when the apartment vacancy rate fell to 0.3 per cent.
