.jpg)
1 hour ago
3
Article content
Toronto, June 01, 2026 (GLOBE NEWSWIRE) — The Building Industry and Land Development Association (BILD) and the Ontario Home Builders’ Association (OHBA) applaud today’s announcement by the provincial and federal governments for the Canada-Ontario Municipal Development Charges Reduction Program. This program will enable Ontario municipalities to reduce development charges (DCs), while enabling continued investment in housing-supportive infrastructure through federal/provincial funding.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
Article content
“We are appreciative of the leadership shown by the provincial and federal governments to implement this program that will allow development charges to be lowered while still prioritizing infrastructure funding to support housing development,” said Dave Wilkes, President and CEO of BILD. “This initiative allows municipalities to move to the next phase in their DC-reduction efforts and means that cost reductions are on the horizon for new housing in the province. Housing projects across the GTA and Ontario have been stalled in recent years due to high costs and other factors impacting project viability. The implementation of this program is another step towards stabilizing the housing sector and ensuring broader economic growth in the province.”
Article content
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
The Canada-Ontario Municipal Development Charges Reduction Program allocates $8.8 billion to lower development charges in Ontario over three years with the goal of reducing DCs by up to 30 to 50 per cent in Ontario’s fastest growing municipalities. Today’s announcement will open an application-based process whereby municipalities can apply for funding for shovel-ready housing supportive infrastructure projects.
Article content
Article content
“Builders across Ontario strongly support the Canada-Ontario commitment to reduce development charges and lower the cost of building new homes. We thank both levels of government for recognizing that reducing these charges is essential to improving new home affordability and restoring project viability,” said Scott Andison, Chief Executive Officer of the OHBA. “The sooner municipalities can begin reducing development charges across all home types and make new projects viable, the sooner builders can get more homes built. We look forward to municipalities stepping up as partners in this effort and helping ensure projects can proceed efficiently and cost-effectively, to achieve our common goal of building more homes for Ontario families at a price they can afford.”
Article content
Development charges are a one-time, upfront payment that developers and homebuilders pay to municipalities to fund housing supportive infrastructure like roads, water and wastewater systems, and parks. These fees are then passed down to homebuyers through the cost of a new home. Over the last 15-20 years, development charges have hit record highs, with some regions experiencing as much as a 1,000 per cent increase in DCs.
English (US)