Northern ontario town selling land for $10

The municipality of Cochrane, Ont.

As northern communities feel the pressure to build more housing to attract families and skilled workers, the Town of Cochrane is working on an incentive program that it hopes will turn some heads. The incentive program would also offer to waive property taxes on new homes for a certain period of time. The president of the Federation of Northern Ontario Municipalities, Danny Whalen, said new housing initiatives are welcome in the region and that most municipalities are either working on or open to housing development plans. He warns, however, that forgoing revenue, albeit temporarily, for potential long-term gain can be risky. So, you need a good financial strategy and you need a good communication plan for your current residents.

Northern ontario town selling land for $10

Ten dollars for a prime piece of land? Sounds too good to be true. But the Town of Cochrane, Ont. The town owns approximately vacant lots that it has set aside to sell at discounted prices. Batteries for electric vehicles are driving demand for lithium and nickel. Located between Cochrane and Timmins is the largest base metal mine in the country, which plans to expand its operations to meet demand. With a labour boom imminent, the town is hoping their proposal will bring in new residents. Politis says that anyone contributing to the housing inventory is eligible, regardless of age. So, anyone building a new home on a vacant lot can receive a rebate. While the municipality has no say over the sales price of private lots, if the seller offers a significant discount, they could receive a tax rebate. The town has also been in discussion with developers about building subdivisions and retirement communities. The developers would receive these lots at discounted prices, and the municipality would have no control over the price they were resold to buyers. So the town is being selective about who it does business with. At the moment the tax rebate portion of the program is still being fleshed out, and the town hopes to launch it in January Some options being considered are waiving the property taxes over the first few years.

The initiative was announced after the northeastern Ontario municipality held a council meeting last month to discuss and ultimately adopt the plan.

The municipality of Cochrane, Ont. The initiative was announced after the northeastern Ontario municipality held a council meeting last month to discuss and ultimately adopt the plan. Initial interest in the program has been strong, according to the mayor. At the same time, reaction within the community of more than 5, has been mixed, he said. Details on eligibility for the incentive are being developed and will be released in the coming weeks, the municipality said. The program is set to launch in early Search Search CP24 X.

During a Dec. At the same council meeting, Politis and council members received a presentation from Jason Ferrigan of JL Richards and Associate Limited, who has been hired by the town to help them execute a community improvement plan CIP. A CIP is a tool that allows a municipality to direct funds and implement policy initiatives toward a specifically defined project area. Ferrigan said the CIP will take between 16 and 20 weeks and has three phases, with Phase Three expected to be completed by April, And so employers will be an important part of that, but we're also looking at targeting and marketing folks from around the province, around the country, around the world, quite frankly, to relocate to the municipality. It also gives them the ability to sell, lease, or dispose of any such buildings and land as well as sell, lease or dispose of any land acquired or held by it in the CIP area to any person or governmental authority, Ferrigan said. But we are looking at growth. Both the province and municipality have an ongoing housing inventory crisis , Politis said. Share by Email.

Northern ontario town selling land for $10

The municipality of Cochrane, Ont. The initiative was announced after the northeastern Ontario municipality held a council meeting last month to discuss and ultimately adopt the plan. Initial interest in the program has been strong, according to the mayor.

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As northern communities feel the pressure to build more housing to attract families and skilled workers, the Town of Cochrane is working on an incentive program that it hopes will turn some heads.

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