332 Charles Street East | 17 fl | Proposed

[nms]

The City of Waterloo has a Demolition Control Bylaw:

2. The intent of demolition control shall be:

a. to prevent the premature loss of housing stock and the creation of vacant parcels of land;

b. to prevent the premature loss of assessment;

c. to retain existing residential units until new uses have been considered and zoning or site plans approved;

d. to prevent block busting within residential neighbourhoods;

e. to prohibit the use of Demolition as a means to reduce maintenance costs; and

f. to prohibit the use of Demolition as a tactic to obtain zoning or other City approvals.

The bylaw requires construction no less than two years after the demolition permit is issued with the risk of a fine of $10,000 per unit if the deadline is missed.