Charlottetown, PE (Feb. 9, 2024)   The Greater Charlottetown Area Chamber of Commerce welcomes today’s announcement that the federal government and the City of Charlottetown have reached an agreement to fast-track 300 new housing units over the next three years through the Housing Accelerator Fund.

“We are pleased to see this agreement and see movement on our pre-budget recommendations to the City,” said Chamber CEO Bianca McGregor. “Charlottetown’s vacancy rate fell to 0.5% in 2023. Our city is in desperate need of more housing. The current lack of housing inventory has been identified as a significant barrier to our members looking to recruit and retain employees and grow their businesses.”

Through this agreement, the City will implement a new official plan and introduce bylaw changes that will enable more medium-density housing. The Chamber welcomes the forthcoming bylaw changes from this agreement: Allowing up to four units on existing residential lots; Increasing building heights from six to eight storeys near post-secondary institutions and high-growth areas; Reducing parking requirements; Expediting the permitting of accessory dwelling units; and Improving building permit processes, including e-permitting.

In a pre-budget letter to the City of Charlottetown sent in November, the Chamber called for the City to amend its zoning and development bylaw height restrictions to encourage supply growth by building up, reduce the minimum parking requirements for new multi-unit residential construction and dwelling units, expedite building approval process to accelerate development, and reduce the 0.5 acre minimum lot area required for garden suites.

To view this submission, click here.

The Chamber looks forward to learning more details and seeing the implementation of a new official plan that incorporates these bylaw changes.

 

 

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About The Chamber:

The Greater Charlottetown Area Chamber of Commerce connects business and community and is PEI’s largest business advocacy organization with more than 1,100 members. For more information on the Chamber, visit www.charlottetownchamber.com.

 

Media Contact:

Madeline Biso,

Policy Analyst & Media Relations Manager

mbiso@charlottetownchamber.com

(902) 628-2000 x 224