The Ontario government has left cities short on development charges and taxes will go up. But with the provincial government saying municipalities will be “made whole” why would they give away something for nothing?

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References & Sources

[1] https://pub-hamilton.escribemeetings.com/FileStream.ashx?DocumentId=342994 [2] https://pub-hamilton.escribemeetings.com/Meeting.aspx?Id=d88616a8-98d9-4faf-aa28-3d7cc1d714a1&Agenda=Agenda&lang=English [3] https://www.hamilton.ca/sites/default/files/2022-07/developmentcharges-reserves-status-report-dec31-21-FCS22040-consolidated.pdf Pg $114.7m9 [4] https://www.hamilton.ca/sites/default/files/2022-07/developmentcharges-reserves-status-report-dec31-21-FCS22040-consolidated.pdf Water (88782063, 50595802 30624113, 41987753) Roads (39269397, 3558381)
[5] https://ir.lib.uwo.ca/cgi/viewcontent.cgi?article=1007&context=urbancentre-reports [6] https://tspace.library.utoronto.ca/bitstream/1807/108068/1/imfgpaper_no56_developmentcharges_adamfound_november_9_2021.pdf [7] https://tspace.library.utoronto.ca/bitstream/1807/108068/1/imfgpaper_no56_developmentcharges_adamfound_november_9_2021.pdf [8] https://www.hamilton.ca/sites/default/files/2022-12/developmentcharges-pamphlet-Nov282022-to-Jul52023-v2.pdf $62,874 DSF / $22,326 1BD [9] https://www.toronto.ca/wp-content/uploads/2022/08/8dad-Development-Charge-Rates-Effective-August-15-2022.pdf 35910 !BD / $93,978 single [10] https://storeys.com/toronto-proposes-increase-development-charges-49-percent/ [11] https://www.toronto.ca/legdocs/mmis/2023/cc/bgrd/backgroundfile-230131.pdf [12] https://ir.lib.uwo.ca/cgi/viewcontent.cgi?article=1007&context=urbancentre-reports [13] https://youtu.be/cXhYZVEiu1Y?t=561 [14] https://www.toronto.ca/wp-content/uploads/2017/08/9788-Development-Charges-nov1-13.pdf https://www.toronto.ca/wp-content/uploads/2021/10/9630-development-charges-rates-november-2021.pdf Calculations: https://docs.google.com/spreadsheets/d/170wd-wwoMBu6zk58EgJHTkS0Kb3qtiuK78molyw8oVM/edit#gid=1307134997
[15] https://financialpost.com/real-estate/cmhc-home-construction-costs [16] https://assets.cmhc-schl.gc.ca/sites/cmhc/professional/housing-markets-data-and-research/market-reports/housing-market-insight/2022/housing-market-insight-69949-m07-en.pdf?rev=bbc85058-a9ee-4a77-a047-80ac855278bc (p3) [17] https://ir.lib.uwo.ca/cgi/viewcontent.cgi?article=1007&context=urbancentre-reports [18] https://pub-hamilton.escribemeetings.com/FileStream.ashx?DocumentId=342994 [20] https://toronto.ctvnews.ca/toronto-is-in-the-midst-of-a-housing-crisis-why-are-development-fees-set-to-go-up-by-nearly-50-per-cent-1.5981630 [21] https://ir.lib.uwo.ca/cgi/viewcontent.cgi?article=1007&context=urbancentre-reports [22] https://www.blg.com/en/insights/2022/12/bill-23-in-ontario-the-more-homes-built-faster-act-2022-receives-royal-assent [23] https://pub-hamilton.escribemeetings.com/FileStream.ashx?DocumentId=342994 [24] https://www.hamilton.ca/sites/default/files/2022-07/developmentcharges-reserves-status-report-dec31-21-FCS22040-consolidated.pdf (housing: 5019840, aged homes: 6278450) / 291,681,583 = 0.387% [25] https://www.robinsappleby.com/resources/blogs/details/bridge-beat/2022/12/09/bill-23---more-homes-built-faster-act-2022 [26] CMHC Housing Insights 2022 [27] https://canada.constructconnect.com/dcn/news/government/2022/12/the-gulf-of-misunderstanding-between-development-fees-and-municipal-reserve-funds https://www.city-journal.org/montreal-affordable-housing [28] (Stegman, 1987: 5) [30] https://pub-peelregion.escribemeetings.com/filestream.ashx?DocumentId=25379 [31] ​​https://www.toronto.ca/wp-content/uploads/2022/05/95be-2022-City-of-Toronto-Budget-Summary.pdf [32] https://www.cp24.com/news/mississauga-mayor-warns-of-property-tax-hike-due-to-ontario-s-new-housing-bill-1.6175644 [33] https://www.cbc.ca/news/canada/toronto/development-charge-property-tax-survey-1.6706263 [34] https://www.thestar.com/2022/toronto-property-taxes.html [35] https://youtu.be/M345gFGoBq4?t=18088 [36] https://www.latimes.com/california/story/2021-09-22/skelton-sb9-housing-single-family-zoning [37] https://reason.com/2022/05/11/eliminating-single-family-zoning-isnt-the-reason-minneapolis-is-a-yimby-success-story/ [38] https://reason.com/2022/05/11/eliminating-single-family-zoning-isnt-the-reason-minneapolis-is-a-yimby-success-story/ [39] https://institute.smartprosperity.ca/sites/default/files/BILD%20Report%20-%20FINAL.pdf