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TRREB Statement on Vaughan's Reduction of Development Charges

TRREB says the move could cut charges on a new low-rise home by up to $50,193 and help speed construction.

Summary by Benzinga
TORONTO, April 29, 2026 (GLOBE NEWSWIRE) -- TRREB welcomes the City of Vaughan's decision yesterday to temporarily reduce residential development charges to zero to help accelerate housing construction and improve affordability for current and future residents. This is the type of bold municipal leadership needed to address Ontario's housing supply crisis. Development charges are a major cost embedded in the price of new homes. Vaughan's action …

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municipalinfonet.com broke the news on Wednesday, April 29, 2026.
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