Financial Incentives for Heritage in Vancouver (2015)

VHF has provided grants to historic buildings, homes and sites in Vancouver since 1999. Drawing on this experience and our many interactions with building owners over the years we undertook a study to review financial incentives in Vancouver to provide input to the Heritage Action Plan process. This study explores the value of financial incentives for heritage conservation, details what is offered in Vancouver and takes a survey of the incentives that could be used. It focuses on the approximately 2,200 resources listed on the Vancouver Heritage Register as the core of Vancouver’s built heritage, and what is available to assist and motivate heritage conservation.

Around the globe, governments at all levels and other organizations offer financial support to encourage the protection and long-term care of heritage buildings and sites. In a variety of ways, public investment is made in often privately-owned assets in recognition of the wide-reaching public benefits of heritage. Heritage conservation is a long-term commitment to planning, restoring, adapting and maintaining. This study makes the case for expanding financial incentives and support in Vancouver and was provided to City Councillors and staff in 2015.