How Edmonton's Zoning Bylaw Affects Your Home Value
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Edmonton's Zoning Bylaw Could Reshape Your Home Value
If you own property in Edmonton, changes to the city's zoning bylaw might be affecting your home's value right now. Over a year has passed since the city implemented its new zoning regulations, and the results are starting to show up in real estate numbers.
The bylaw emerged as Edmonton's response to pressing challenges: a housing crisis, unchecked urban sprawl, and a population growing faster than anyone expected. Alberta welcomed 27% of Canada's immigrants last year, and Edmonton needed a way to house them without paving over more farmland or leaving neighborhoods empty.
The solution? Allow duplexes and multiplexes to be built across the city without lengthy rezoning processes. Developers…
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