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.