The building industry welcomes City of Toronto development charge reduction program (opens original article in a new tab)

Toronto reduces development charges by 40-60% to enhance housing project viability and increase supply, supported by industry groups and a federal-provincial program.

• The City of Toronto reduces development charges by 40-60% to boost housing supply and construction jobs.
• Development charges fund infrastructure and are included in home prices, with recent increases adding up to $130,000 to single-family homes.
• The reduction aligns with the Canada-Ontario Partnership to Build program requiring 30-50% cuts for three years, with Toronto exceeding this target.
• BILD and OHBA support the move, citing improved project viability and economic benefits from increased construction activity.