Doug Ford accuses Toronto of mismanaging its finances in housing bill dispute

Ontario’s premier suggested the city has room in its budget to absorb the cuts to development fees, contrary to what John Tory has said.

Mayor John Tory and Premier Doug Ford appear headed for a showdown over the financial impacts of Ontario’s new housing bill.

The premier, a former Toronto councillor, suggested the city has room in its budget to absorb any impacts of the legislation. The Ford government passed Bill 23 on Monday, with the stated aim of easing the housing crisis. Among other provisions, it reduces or eliminates development charges on some new developments, which the province says will lower prices for homebuyers, and encourage construction.

At a press conference Wednesday, Tory expressed optimism at Clark’s pledge, but said it was “not as clear and explicit” as the city needs. The mayor said he wanted the province to assure Toronto it will pay the “dollar for dollar” difference between whatever development charge revenue a project would have generated before Bill 23 was passed, and the fees it will generate after Bill 23.

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