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Heritage Canada Foundation - The National Voice for Heritage Conservation



Heritage Pays - The Economics of Conservation



homefrançaisheritage pays - the economics of conservation
  • Heritage Pays


    • • Introduction


    • Canadian Case Studies


      • • Case Study 1


      • • Case Study 2


      • • Case Study 3



  • • Heritage Tourism


  • • Heritage Conservation Saves Energy


  • • Heritage Workforce


introduction


case study 1
case study 2
case study 3
heritage tourism
heritage conservation
heritage workforce
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  91% of Canadians polled believe that heritage conservation is important.








Canadian Case Studies


Want further proof? Take a look at these case studies of three financially successful heritage projects by commercial developers.




What Can You Do?


  • • Developers can look at the federal government’s new Commercial Heritage Properties Incentive Fund for assistance in restoration and rehabilitation.


  • • Heritage organizations can invite a commercial heritage property owner to speak at a meeting or special event. Set up a display of properties, and invite the media.




Heritage Designation Does NOT Hurt Property Values


Many people think that municipal heritage designation is an encumbrance on a property. It’s not true!

During the 1990s, Dr. Robert Shipley of the University of Waterloo examined the effect of heritage designation on property values in Ontario. He investigated 2,707 properties designated under the Ontario Heritage Act in 24 communities over a 20-year period.

What Dr. Shipley found out:

  • • Some 74% of individually designated properties equalled or bettered the average property value trend in their communities.


  • • The rate of sales among individually designated properties was equal to, or greater than, the general rate of sales of properties within their communities.


  • • The rate of sales among designated properties did not appear to be affected by the number of designations in a given community.


  • • Designated properties tend to resist downturns in the ambient market.




What Can You Do?


  • • Municipal leaders can look carefully at the facts regarding property value and designation.


  • • Heritage organizations can build case studies about the effect of designation on property value in your own, or neighbouring communities.


Fundraising for heritage projects

Finding the money for heritage projects can be challenging. Whether you are restoring a commercial heritage property or publishing a walking tour guide of historic places, it isn’t always obvious where to go for funding support.




What Can You Do?


  • • Owners of heritage buildings can contact their municipal government and ask about the help available for preserving or restoring designated heritage property. If no local funding is available, urge your municipality to create a program that will assist heritage property owners. To back up your request, tell them about Victoria, B.C.; Markham, Ont.; Québec City, Que.; and Saint John, N.B. Each community has won the Heritage Canada Foundation’s prestigious Prince of Wales Prize for its heritage stewardship. And each has successful programs to assist heritage property owners!


  • • Commercial property owners can look at the Commercial Heritage Properties Incentive Fund of the federal Historic Places Initiative (819-934-2818).


  • • Nonprofit and charitable organizations could set up a summer project that could be done by a student. Then you might be able to get help from us! The Heritage Canada Foundation administers the Young Canada Works in Heritage Institutions program, which disburses federal government funding.

  • • Nonprofit organizations could also apply to various philanthropic foundations, both public and private, for funding assistance. Contact your provincial government for public programs or look at the funding links on the Heritage Canada Foundation Web site.


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