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 infrastructureâ â â
- These charges have risen dramatically and are significantly impacting housing affordabilityâ â â
- The government is a major beneficiary, collecting substantial revenue through various taxes and fees on new home constructionâ
- â âHigh development charges actively discourage builders from constructing new homes, affecting housing supplyâ â
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