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MattersFinanceFirst seen Jul 20, 2026

Permissive property tax exemptions

Approved

Langford approved property-tax relief for three nonprofit sites, a 10-year exemption for M’Akola Housing Society’s rental homes at 550 Goldstream Avenue, and continuation of the Victoria Conservatory of Music’s existing exemption after a property-record change. The relief lowers eligible organizations’ tax costs, including for below-market housing, while reducing tax revenue otherwise collected by the city.

Where it stands: Exemptions approved Jul 20, 2026; staff directed to prepare bylaws and amend the existing exemption bylaw.

Location

Background

Earlier and later steps of the same initiative.

  1. Sep 21, 2026 – Sep 28, 2026

    M’Akola Housing tax exemption

    M’Akola Housing Society’s land and improvements at 550 Goldstream Avenue will be exempt from property taxation for ten years. The exemption covers 2027 through 2036.

Timeline

Every time this matter appeared in council records, newest first.

  1. July 20, 2026· Council

    Tax exemptions approved; staff directed to prepare bylaws

    Council granted permissive tax exemptions to several non-profit properties and directed staff to draft necessary bylaws and amend Bylaw No. 2249 for an existing exemption.

    Decision: Directed staff to draft bylaws and approved permissive tax exemptions, including 550 Goldstream Avenue.

    Passed 6–0

    Documents