The Town of Canmore is pleased to offer the Accessory Dwelling Units Incentive Program to stimulate an increase in affordable rental units in the community.
Application deadline for lottery: May 4, 2018
What is an Accessory Dwelling Unit?
Accessory Dwelling Unit (ADU) is a collective term used for various types of suites that have their own entrance, kitchen, sleeping and bathroom facilities, including:
Why Would I Want an ADU?
Mortgage helper: With rising housing costs, purchasing a house with an ADU or adding an ADU can make it easier to facilitate the ownership of entry-level housing.
Aging in place: Owners on a limited income can remain in their own homes longer by renting an ADU. Also, having someone close by can help to provide a sense of security.
Deductible expenses: There are a number of expenses that can be deducted against rental income, including advertising, insurance, interest, repairs and maintenance, and utilities.
Allowing families to stay together: An accessory suite may provide a home for an adult child, elderly parents, or a disabled relative.
How Will the Town Help Me to Pay For One?
The Town of Canmore offers funding opportunities for the development of eligible ADUs in the community. Successful applicants are eligible for reimbursement of up to 50% of the project’s eligible costs, to the maximum grant funding amount of $10,000 per applicant. Only five applicants will be accepted. A lottery system will be used to determine the successful applicants.
There are conditions placed on the grant funding provided to successful applicants, including:
- rental of the suite for a five year period
- reduced rental rate to 90% of current market rate
- rental of the suite to a local resident
- registration of the Grant Agreement on title
More information can be found in the application guide. A link to the application guide can be found at the top of this webpage.
How Do I Know Whether ADUs are Allowed in my Area?
ADUs are allowed or considered in many districts of Canmore. Please refer to the pdf map (1.77 MB) showing areas with potential for ADUs.
I Am Interested But I Need More Information About the Program!
Contact the Town of Canmore’s Planning and Development Department for more information at:
Hours: 8.30am – 4.30pm Monday – Friday