Development Charges Background Study Released and Public Meetings Planned

Development Charges Background Study Released and Public Meetings Planned

The County of Essex has released a Development Charges Background Study and is planning public information sessions as it continues exploring the feasibility of implementing development charges to help pay for growth-related services. The study assesses the growth-related costs of County-wide services including library, land ambulance, long-term care, roads and waste diversion. The study includes: A forecast of the amount, type and location of …

Toronto Defers Development Charges On 3,000 Condo Units | Canadian Rea Estate Wealth

Toronto City Council has approved a program to defer development charges on up to 3,000 near–show–ready condo units, providing an immediate fiscal reprieve for developers and aiming to stimulate housing construction in a cooling market. This deferral of development charges could provide a modest, short-term relief measure that may improve the financial profiles of near–shovel-ready condo projects. By delaying tax costs, estimated to save roughly…