The City of Cambridge provides local property owners with financial support through various incentive programs. These programs help reduce costs of development projects and help with improvements to sites and buildings by providing financial assistance for:

  • Contaminated sites
  • Heritage properties
  • Employment lands
  • Core areas properties and buildings

Core Areas Financial Incentives

Cambridge has three historic core areas:

  • Galt City Centre
  • Preston Towne Centre
  • Hespeler Village

The City offers Core Areas Financial Incentives to help improve and further develop these core areas. These financial incentive programs help property owners develop, preserve, beautify and enhance our core areas so all residents, visitors and business owners can benefit from them.

Contact the Senior Planner, Reurbanization (e-mail: planning@cambridge.ca) for more information about our Core Areas Incentives. 

Design Guide Program

The Design Guide Program provides funds for property owners to hire a professional design consultant to prepare a design plan for façade improvements of buildings located in core areas.

Complete the Design Guide Application to apply for this program.

Note: Designers must be accredited from recognized educational institutions in fields such as architecture, landscaping, engineering, planning, etc.

Building Revitalization Program (BRP)

The BRP provides municipal financial assistance for physical improvements to the exterior of existing buildings. The City can provide interest-free and forgivable assistance towards eligible costs.

Complete the BRP Loan Application Form to apply for the program.

Note: Only work done after the receipt of an approval letter is eligible to receive funding.

Fee Exemptions

Application Fee Exemptions allow property owners in our three core areas to apply for exemption of fees related to development applications, building permits and sign permits.

 

Please review the Design Guide on page 5 in the Financial Incentive Brochure.

Contaminated Sites Grant Program
The Contaminated Sites Grant Program assists property owners with the financial costs to clean up contaminated properties. Development Charge Exemptions provide financial assistance by waving fees usually related to proposed changes of existing buildings and new developments.

City-wide Financial Incentives

The City of Cambridge also offers citywide financial incentive programs.

Tax Increment Grant Program (TIG)

The TIG Program provides tax grants to help property owners with the remediation and redevelopment of contaminated sites. This program provides a grant equal to the full amount, or a portion of the amount, of the property tax increase after a property is redeveloped and reassessed. The City uses the difference in taxes between the pre-remediated and redeveloped site to provide a grant to the applicant for some costs related to environmental remediation.

Complete the TIG Application Form to apply for this program.

Contact the Senior Planner, Reurbanization for more information.

Heritage Grant Program

The Heritage Grant Program provides financial assistance to owners of designated heritage structures for conservation and restoration. Property owners may qualify for a grant of up to half the cost of the work completed to conserve the heritage elements of the building, up to a maximum of $5,000 per calendar year.

Contact the Planner - Heritage at (519) 621-0740 ext. 4788 for more information about the Heritage Grant Program.

Employment Land Development Charge Reduction

The Economic Development Division provides an Employment Land Development Charge Reduction for new buildings or additions on properties within specific designated employment lands, such as the Boxwood Business Campus.

Contact the Economic Development Division for more information about this program.

Development Charge Exemptions

The City of Cambridge Development Charge By-law also provides Development Charge Exemptions for various types of properties located citywide, including:

  • Industrial buildings, as defined, located within specific areas may receive a reduction of up to 50 per cent of the development charges payable for additions
  • Contaminated sites, which require remediation, may credit an amount against the development charge otherwise payable equal to the amount of the costs to clean-up the site
  • Designated sites, under the Ontario Heritage Act, may be exempt from development charges payable for redevelopment or additions provided the designated building is retained and is an integral part of the development
  • Land subject to development charges with existing well and/or septic services may receive a development charge credit for water and/or waste water
  • Proposed new buildings for the purposes of farming may not require development charges

Call the Development Charges Coordinator at (519) 621-0740 ext. 4271 for more information.

View our Financial Incentives Brochure to learn more.