Toronto’s development charges have exploded from $5,000 in 1999 (~$10,250 adjusted for inflation) to nearly $195,000 per new house today—a staggering 1,800% increase that’s crushing new construction. This regulatory cost barrier is a primary reason housing starts plummeted 58% and new-home sales dropped 91% in early 2025, contributing to a citywide housing crisis. Without urgent development charge reform, Toronto’s housing shortage will only worsen, locking out the next generation of homebuyers.

Source: CBC Article

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