• The Real Cost Of Development Charges

  • Nov 29 2024
  • Durée: 46 min
  • Podcast

The Real Cost Of Development Charges

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  • Résumé

  • What are Development Charges (DC's) and what is the actual impact on housing & the economy. We are also joined by Matt Young of Republic Developments as an expert and advocate of DC's.

    • Development charges are fundamental fees collected from developers to fund municipal infrastructure⁠⁠​
    • These charges have risen dramatically and are significantly impacting housing affordability⁠⁠​
    • The government is a major beneficiary, collecting substantial revenue through various taxes and fees on new home construction⁠
    • ⁠​High development charges actively discourage builders from constructing new homes, affecting housing supply⁠⁠

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