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Industry groups praise Ontario, federal governments for development charge reduction program

Created at 1 Jun · 7:18 PM1 source
IN SHORT

The Building Industry and Land Development Association (BILD) and the Ontario Home Builders' Association (OHBA) are applauding the launch of the Canada-Ontario Municipal Development Charges Reduction Program. This initiative aims to enable municipalities to lower development charges while ensuring continued investment in housing infrastructure through federal and provincial funding.

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Who's Involved

Building Industry and Land Development Association (BILD)
Industry association applauding the program
Ontario Home Builders' Association (OHBA)
Industry association applauding the program
Ontario government
Provincial government launching the program
Federal government
Federal government launching the program

↳ Why This Matters

The launch of the Canada-Ontario Municipal Development Charges Reduction Program is a significant development for the building industry in Ontario. Development charges are fees levied by municipalities on new developments to help pay for the infrastructure needed to support them. Reductions in these charges, coupled with continued investment in infrastructure, are seen as crucial for addressing housing affordability and supply issues.

Key facts

  • The Canada-Ontario Municipal Development Charges Reduction Program has been launched.
  • The program allows Ontario municipalities to reduce development charges.
  • Federal and provincial funding will support housing-supportive infrastructure.
  • BILD and OHBA have expressed approval of the program.

The launch of the Canada-Ontario Municipal Development Charges Reduction Program is a significant development for the building industry in Ontario. Development charges are fees levied by municipalities on new developments to help pay for the infrastructure needed to support them. Reductions in these charges, coupled with continued investment in infrastructure, are seen as crucial for addressing housing affordability and supply issues.

Frequently asked questions

It is a program launched by the provincial and federal governments that enables Ontario municipalities to reduce development charges.

The Building Industry and Land Development Association (BILD) and the Ontario Home Builders' Association (OHBA) have applauded the program's launch.

The program aims to facilitate reductions in development charges while ensuring continued investment in housing-supportive infrastructure through federal and provincial funding.

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Cadence

How It Developed

1 Jun · 6:58 PM
Ontario and federal governments launched a program to reduce development charges, which the building industry applauds.
Financial Post via PiQSuite

Sources

T1
The building industry applauds Ontario and federal governments for launching the DCs reduction programm.piqsuite.com

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