Housing Moratorium Extended
Five Edmonton communities, including McCauley, will see the non-market housing moratorium extended for another year. The City intends to take the extra time to develop a plan that would encourage new home buyers to invest in the neighbourhood by purchasing homes to live in, without renting out or flipping the homes within a fixed length of time.
Representatives from all of the communities spoke to City Council members at a meeting at City Hall on September 15. The moratorium was originally three years and was expiring this November. It could be further extended after the additional year. As well, Council is developing a list of possible exemptions from the moratorium, such as certain kinds of projects tailored to families and seniors. A motion was also passed to create a task force concerning slum landlords and problematic rooming houses.