A GREAT PLACE TO... CALL HOME
Being within one of the fastest-growing census metropolitan areas in Canada, the Town of Riverview, because of its ability to attract and its land availability, represents a huge opportunity for housing. Over the last few years, the rise in inter-provincial, international, and intra-provincial migration, paired with our aging population and the growing prominence of the millennial generation means housing demand is evolving in Riverview. A mix of affordable, multi-bedroom, barrier-free, accessory dwellings, and other housing types are needed to fulfil the needs of our changing resident profile.
Get the Facts
Riverview’s sense of community and familiarity isn’t going anywhere, and new residential development growth is needed to allow long-standing residents to stay in Town and access housing options that are aligned with their needs across all walks of life, and to maintain our ability to welcome new residents. Here, you can expect a balance of small-town values, while embracing change and development. To learn more about what makes Riverview a great place to develop, visit Invest in Riverview.
Development Grants Supporting Housing
1. Commercial Development Grant
Did you know? The Town's Commercial Development Grant is applicable to mixed-use, multi-residential projects that allocate at least 50% of the ground floor's real estate for commercial use. If you are considering a mixed-use project that is still in the ideation phase, we encourage you to submit an expression of interest.
Apply today by filling out and submitting the Application Form linked here to the following email address: economicdevelopment@townofriverview.ca.
If you have questions on this program, submit an Expression of Interest!
2. Housing Accelerator Fund Garden and In-Law Suite Development Grant
The Town of Riverview is working closely with the Canada Mortgage and Housing Corporation (CMHC) to deliver initiatives as part of our Housing Accelerator Fund agreement. This brand new grant has for objective to increase the supply of “missing middle” housing forms by way of incentivizing the creation of garden or in-law suites. Successful applicants could receive $15,000 for the creation of an accessory dwellings on properties already containing one (1) existing dwelling. The town is home to large-scale developers and homeowners alike, and this initiative would help create opportunities for average residents that have potential to create soft density in their neighbourhoods.
Apply today by filling out and submitting the Application Form linked here to the following email address: economicdevelopment@townofriverview.ca.
If you have questions on this program, submit an Expression of Interest!
3. Housing Accelerator Fund Affordable, Barrier-Free, and 3-Bedroom Unit Development Grant
Another initiative delivered in relation to the Town's Housing Accelerator Fund agreement with CMHC is this grant targeting professional developers, having for objective to increase the local housing stock by way of incentivizing new units representing market gaps in Riverview. Successful applicants could receive up to a maximum of $20,000 per unit for for-profit developers, and $25,000 per unit for non-profit developers, which constitute one or more of the following: i) an affordable dwelling unit, ii) a barrier-free dwelling unit, and iii) a 3-bedroom dwelling unit.
Apply today by filling out and submitting the Application Form linked here to the following email address: economicdevelopment@townofriverview.ca.
If you have questions on this program, submit an Expression of Interest!