Discussions on Municipal Development Charges (DCs) highlight their impact on new home affordability and construction costs. While some suggest eliminating DCs, it is crucial to modernize the Development Charges Act instead. DCs, which have been in place for over 35 years, are essential for funding infrastructure necessary for new housing. The significant increase in DCs over the past decade, alongside the complexity of their calculation, necessitates a reassessment to improve affordability and efficiency in the Greater Toronto Area.
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