Contact(s)

Downtown Preston, Hespeler and Galt Incentives

The following incentives are available in the core areas of Cambridge and issued by the City of Cambridge unless otherwise noted. Visit the Incentives page to learn about other incentives, or the Cambridge or Waterloo Region pages to learn about incentives available in those areas.

Cambridge Core Area Development Charge Exemption

Issued by: Region of Waterloo and City of Cambridge

Description: All lands within the Downtown Core Areas (Hespeler Village, Galt and Preston) are exempt from both City of Cambridge and Regional development charges, inlcuding the Regional charges for waste and transit.

Amount: Otherwise applicable development charges.

End date: The Regional Development Charge Exemption end date is the earlier of February 28, 2019 or when the by-law is repealed. The Cambridge Core Area Development Charge Exemption is the earlier of July 1, 2019 or when the by-law is repealed.

Further information: For City Development Charges please read the City of Cambridge Incentives package (page 21 for description, pages 4-7 for maps) or contact Jacqueline Hannemann, DC Coordinator, Development Planning, at HannemannJ@Cambridge.ca or 519-621-0740 ext. 4289. For Regional Development Charges, please refer to the Regional Development Charges By-law 14-046 (Section 4(9) for description, pages 23-25 for maps) and Regional Development Charges By-law Number 16-053 (Section 1), or contact Erin Gray, Financial Analyst at egray@regionofwaterloo.ca or 519-575-4590 x3623.

 


 

Cambridge core areasDesign Guide Program

Description: This program provides funds toward retaining a professional consultant to prepare a design plan for facade improvements of buildings.

Amount: The City will provide a grant of up to $1,000 for the first facade and $250 for each additional facade to a maximum limit of $1,750 per building. 

Further information: Please read the City of Cambridge Incentives package (pages 9-11) or contact Valerie Spring, Senior Planner, Reurbanization, at springv@cambridge.ca or 519-621-0740 ext. 4213.

 

Building Revitalization Program

Description: The Building Revitalization Program provides financial assistance for physical improvements to the exterior of existing buildings. The City can provide interest-free and partially forgivable loan funding for up to 50 per cent of eligible costs.

Amount: Up to 35 per cent as loan funding for up to 50 per cent of eligible costs. Maximum primary street frontage: $20,000 and $5,000 per additional frontage (with criteria).

Further information: Please read the City of Cambridge Incentives package (pages 12-17) or contact Valerie Spring, Senior Planner, Reurbanization, at springv@cambridge.ca or 519-621-0740 ext. 4213.

 

Contaminated Sites Grant Program 

Description: The Contaminated Sites Grant Program assists property owners with the financial costs to clean up contaminated properties in the Core Areas.

Amount: Maximum $1,500 per new residential unit, $10 per square metre of non-residential gross floor area.

Further information: Please read the City of Cambridge Incentives package (pages 18-19) or contact Valerie Spring, Senior Planner, Reurbanization, at springv@cambridge.ca or 519-621-0740 ext. 4213.

 

Application Fee Exemptions

Description: All properties located in any of the three core areas of Cambridge are entitled to fee exemptions for Development Applications, Building Permits and associated fees such as Sign Permits and Swimming Pool Permits. No application is required.

Amount: Values of applicable fees.

Further information: Please read the City of Cambridge Incentives package (page 20) or contact Valerie Spring, Senior Planner, Reurbanization, at springv@cambridge.ca or 519-621-0740 ext. 4213.

 

 

Disclaimer: The purpose of these program summaries is to provide readers with a quick reference of financial incentives potentially available in each area. They do not constitute complete program descriptions. To determine eligibility, please review the detailed program descriptions or contact the appropriate staff person. It is at the issuers' discretion to cancel an incentive at any time. Information is subject to change and accuracy cannot be guaranteed.

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