Olds Competitive Advantages
Setting the Gold Standard: Why Olds Stands Apart in Excellence
The Olds Advantage
Discover the Benefits and Incentives of Choosing Olds
Residential Development Incentive Program
The Town of Olds: Fertile Ground to Land Your Investment
The Town of Olds is committed to fostering a thriving residential development landscape. Recognizing the pivotal role developers play in our community’s growth and sustainability, we’ve introduced the Residential Development Incentive Program. This initiative is designed to facilitate a competitive and cost-effective business environment for the development of residential lands.
Incentive Schedule:
Year 1:
- 80% municipal tax abatement for each eligible parcel.
Year 2:
- 60% municipal tax abatement for each eligible parcel.
Year 3:
- 40% municipal tax abatement for each eligible parcel.
Program Standards & Policy Statement:
Development Agreement Clause: The Town of Olds will incorporate the ‘Development Incentive Program’ clause in all residential development agreements proposing the creation of at least 7 new residential lots through subdivision.
Policy Scope: This incentive strictly pertains to land. It does not extend to improvements made on the land.
Eager to uncover more?
Non-Residential Tax Incentive Bylaw
Fueling Business Growth: Strategic Tax Benefits
frequently asked questions (FAQ)
There are many things to consider when building in the Town of Olds. The following are a list of frequently asked questions and answers, however, to apply for permits and obtained further details please visit https://www.olds.ca/permit-licence-applications
The Interactive Development Map (GIS Map) is a great tool for realtors, property buyers, developers, etc., to help them find what utility lines, land use, Area structure plans, and so much more.
1. Fill out the application forms and submit all required plans to the Planning Department.
2. If you will be digging, request locates. Locates must be available on-site while work is being done.
3. If the project is commercial, complete a fire safety plan. This is not required for residential projects.
4. An invoice will be e-mailed to you for permit fees and security deposits. All fees must be paid before the permit is issued.
5. Depending on your project, it will be reviewed either by staff or by the Municipal Planning Commission (MPC).
6. If the permit requires a decision from the MPC, there is a 21-day appeal period.
7. If your permits have been approved, you will receive them along with a Plan Review. This is an overview of what has been approved and will describe when an inspection is needed.
8. Inspections will be performed by our certified Safety Codes Officer.
9. After work is completed to Town standards, any security deposits will be returned to you.
In some cases, a Development Officer or the Municipal Planning Commission may be able to grant a relaxation. You will need to fill out a Relaxation / Variance Form.
Once the Approval Authority makes a decision, there is a 21-day appeal period. Appeals can also be made to the regional Appeals Board. This is a separate group serving 18 different municipalities in Central Alberta.
Simple permits can be approved in a week by Planning & Development department staff. If your permit needs to be reviewed by the MCP, meetings are held once a month (on the third Tuesday of the month).
You have one year from the day your Development Permit is issued to complete the work.
An off-site levy is a fee charged by the Town to help pay for expanding municipal services, such as water, sewer, and roads.