Development charge reform is needed to reduce housing costs and support new supply says OREA

Development charge reform is needed to reduce housing costs and support new supply says OREA

Development charges (DCs) have become one of the most expensive line items in housing construction. For hardworking Ontarians searching for a place to call home, these prohibitive costs are only pushing homeownership further out of reach. Established initially to ensure that communities have essential infrastructure and that growth pays for growth, DCs have evolved into a system that now operates as a barrier to the very growth it was intended t…