Episode Details

Prime Minister Mark Carney and Ontario Premier Doug Ford announce a deal to slash municipal development charges on new homes by up to fifty percent, aiming to stimulate construction and affordability. This follows the recent federal-provincial pact to reduce the HST on new homes. However, these cuts could lead to higher property taxes, as municipalities may need to increase taxes by twenty percent to cover the revenue loss. The federal governments Build Communities Strong Fund will provide fifty-one billion dollars over ten years for local infrastructure, including matches for provinces reducing these fees.

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