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National Post
National Post
5 Dec 2024


NextImg:Why a conversation on the fees municipalities add to new homes is necessary now more than ever 

In recent weeks, there have been significant discussions about development charges (DCs) in municipalities across the GTA but specifically in the City of Toronto.  Government taxes, fees and charges, like DCs, have contributed to a “cost to build” crisis that has undermined the financial viability of new home construction, is stalling residential development and threatening future housing supply across the metropolitan area. As Toronto, higher orders of government, and the industry struggle to address this pressing challenge, it is clear that a fact-based discussion is needed to understand how the fees increased stratospherically and how they impact the cost of new housing. Nowis the time to address these spiraling costs.