Peterborough to receive up to $39.9 million after cutting residential development charges in half

Petrolia nixes development charges for 3 years — in exchange for $2.3M in money from feds, province

Petrolia is set to receive up to $2.3 million in federal-provincial funding to help upgrade fire equipment, improve parks and recreation facilities and buy new equipment and vehicles for public works, according to the province’s housing ministry.

$2.3M committed to support more homes in Petrolia

The Town of Petrolia is planning to waive development charges on new home builds over a three-year period in order to unlock a $2.3 million investment from the provincial and federal governments.The funding commitment, through the Development Charge Reduction Program, was announced at Victoria Hall on Monday.“This is a significant opportunity for our community. It helps encourage new housing and development while allowing us to continue planning…

Ontario City to Receive Nearly $40M for Cutting Development Fees on New Homes

Ontario Premier Doug Ford speaks to the media at Queen's Park in Toronto on Jan. 21, 2026. (The Canadian Press/Nathan Denette)

Peterborough to receive up to $39.9 million after cutting residential development charges in half

By Bruce Head. Federal-provincial funding will support roads and water and wastewater infrastructure intended to help support more than 9,200 new homes.

Petrolia to get up to $2.3 million for infrastructure after scrapping development charges for three years

The Town of Petrolia is receiving up to $2.3 million from the Ontario and federal governments in return for eliminating development charges on all housing types for three years. The town committed to eliminating the charges from March 30, 2026, to March 31, 2029. Through the Development Charge Reduction Program, the funding will go toward […]

Peterborough to receive up to $39.9 million for infrastructure, potentially unlocking more than 9,200 new homes

Peterborough is in line for nearly $40 million in federal and provincial funding aimed at supporting housing construction, upgrading infrastructure an...