This week, the band got together to announce a development charge reduction program here in Toronto. Basically the way it works is that the City is receiving "up to $1.5 billion for eligible housing-enabling infrastructure projects" and this, in turn, will allow the city to reduce its reliance on DCs and lower them by 40-60% (depending on the housing type) between 2026 and 2029.

40% reduction:

• Studio and one-bedroom apartments

• Multi-unit homes

60% reduction:

• Single and semi-detached homes

• Apartments and multi-unit homes with two or more bedrooms

• Dwelling rooms

The provincial and federal framework requires cities to maintain the lower rates for at least three years. So if everything passes this year, it will expire in 2029. My assumption is that you'll need to have submitted a Site Plan Control application within this time period to lock-in these rates, but as always, you're going to want to consult with your planner and planning lawyer.

While this is certainly positive for housing, it is not a long-term, sustainable solution. The federal and provincial governments had to step in because the infrastructure funding model clearly isn't working for cities, and they're having to overtax new housing as a result. Let's not stop here.

Cover photo by Patrick Tomasso on Unsplash