Latest / The Canadian Real Estate Investor
The Real Cost Of Development Charges
What are Development Charges (DC's) and what is the actual impact on housing & the economy. We are also joined by Matt Young of Republic Developments as an expert and advocate of DC's.
Development charges are fundamental fees collected from developers to fund municipal infrastructure
These charges have risen dramatically and are significantly impacting housing affordability
The government is a major beneficiary, collecting substantial revenue through various taxes and fees on new home construction
High development charges actively discourage builders from constructing new homes…
The skinny
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