Tag: #DevelopmentCharges

  • Toronto’s development charges soared 1,799% since 1999; killing housing starts

    Toronto’s development charges soared 1,799% since 1999; killing housing starts

    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 Read more