Waterloo city council votes to temporarily delay housing development project

Six councillors voted on Monday to delay the reconstruction of housing on Beaver Creek Road and Conservation Drive.

As the largest project listed in the top ten Development Charges up for approval, the project includes the extension of sanitary services, storm sewers and water mains, as well as the construction of two new sanitary pumping stations.

The project would cost the city $14 million in 2023, with an additional $56 million over the next two years.

City staff said in a report provided to council that as a result of Bill 23, they have paused work on a Development Charges background study to allow for more time to fully understand the financial implications of the provincial legislation.

The report predicts that the 'More Homes Built Faster Act' is estimated to cost the city between $23 million and $31 million over the next five years.

Ward Two Councillor Royce Bodaly proposed the temporary delay of approving the development.

“In my mind, it would be irresponsible of us to move this project forward in 2023.” Bodaly said to council on Monday.

Royce acknowledged that the city is facing a housing crisis, but cited the uncertainty around the financial impacts of Bill 23 as a reason to hold off on the approval. 

Ward Six Councillor Mary Lou Roe was one of the six councillors who supported Bodaly's proposal.

“It's hard for the city to move forward and commit finances to that development without having the Bill 23 piece in place, and that we understand all the parameters around that.” Roe explained.

Council also voted in favour of the development of an eight storey apartment building in Councillor Roe's ward on Colombia Street West and Hemlock Street.

The building will feature 136 units.