BC Is helping homebuilders with upfront cost issues to get more homes built.
July 3, 20258m 22sbonus
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Show Notes
B.C. Government Eases Development Fee Rules to Spur Housing Builds
- Key change: Developers now pay 25% of development fees at permit approval and 75% upon building occupancy — instead of full payment upfront.
- Extended timeline: Builders will now have 4 years (up from 2) to pay development charges.
- Goal is to ease financial pressure amid high construction costs and interest rates.
Guest: Anne McMullin, President of the Urban Development institute.
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