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The Real Cost Of Development Charges
Episode 251
Published 1 year, 1 month ago
Description
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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