On Tuesday, Vaughan Mayor Steven Del Duca and Members of Council approved substantial reductions in development charge rates in the name of encouraging development and building more homes for their growing population.Before the reductions, Vaughan had some of the highest development charges in the G...| Storeys
It’s estimated that up to 3,000 condominium units can be moved through the development review pipeline with the proposed development charges deferral.| Storeys
A report released Wednesday finds that the GTA is on track to amass a roughly 235,000-unit deficit in purpose-built rental (PBR) housing supply over the next 10 years, made up of the current and projected shortfall in units. Using comparative pro forma analysis, the report also shows how far targete...| Storeys
The gap between the growth in GTA housing stock and the region's population is the widest it has been in over 50 years, according to the Building Industry and Land Development Association's (BILD's) 2024 GTA Municipal Benchmarking Study.Back in 1972 — the year this data began being collected — the p...| Storeys
“Development charges increase the cost of homes for everyone. They are a housing tax. During a housing crisis, we don’t think you should raise taxes on housing,” said Housing Minister Sean Fraser of the City of Ottawa’s decision to increase development charges by up to 13% in May.The message, delive...| STOREYS