Waterloo City Council Hikes Development Charges
Vancouver News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Waterloo city council raises development charges for new homes, with single or semi-detached homes seeing a 12.9% increase, apartments up to 20.5%, and larger projects up to 22.2%. The changes, effective April 1st, aim to fund infrastructure but concern builders and realtors about potential home price hikes. City officials suggest using flexible payment options under the Ontario Development Charges Act to help stalled projects. Waterloos rates remain lower than neighboring cities, but mayor emphasizes the need for more government support.
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