OTTAWA - Slashing municipal development charges could help spur building in some of Canada's most expensive markets but those cuts wouldn't be enough to fix the affordability gap on their
OTTAWA - Slashing municipal development charges could help spur building in some of Canada’s most expensive markets but those cuts wouldn’t be enough to fix the affordability gap on their own, according to a new analysis from the federal housing agency.
Development charges are fees cities impose on developers that are mainly used to pay for infrastructure that supports new builds.
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Canada could take a big swipe out of its housing crisis if municipal governments would eliminate the charges attached to building…
If approved, city staff say capital funding will be re-allocated to other projects.
Canada’s housing stock would be about 30 per cent larger and prices 10 per cent lower.
While no one is certain about what the budget will do to the housing market, builders are welcoming a historic change that will…
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