Skyrocketing development fees for building in municipalities across the Greater Toronto Area have been a hot topic as of late, given how much they ar…
for building in municipalities across the Greater Toronto Area have been a hot topic as of late, given how much they are impeding new construction and adding to already-high home prices.The Region of Waterloo seems to have accidentally miscalculated the amount it was supposed to charge the developer behind a sprawling new Amazon facility in Cambridge .
But, weeks into work on the new structure's foundation, plumbing and frame, the limited partnership was handed a bill for an additional $13.7 million in development levies, for a total of $22,802,521. "The Appellants raise the concern that there would be no permanence to the development charge regime and that it would not be in the public interest to have a region add an additional development charge, or reassessment to a development where a development charge was already paid and where a building permit was already issued,"
Even so, the tribunal ultimately ruled in favour of the developer, writing that confirming the receipt of development charges and issuing building permits were enough for the company to "conclude that there were no further development charges outstanding."
Waterloo Amazon Warehouse Fulfillment Centre Development Charges Fees Ontario Construction
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Luxurious $14 million Toronto mansion comes with a 700-bottle wine cellarYou know those luxury home design company ads you get in the mail or see in magazines? The ones that are trying to convince you to hire them for your…
Read more »
‘It didn’t happen overnight’: Why property taxes are skyrocketing in some Ontario citiesMunicipalities are calling for a more modern fiscal framework for the division of tax dollars to address step property tax increases.
Read more »
Ontario government offers municipalities $77-million to help offset skyrocketing OPP costsSeveral municipalities have reported double-digit increases in their OPP bills for 2025, with at least one municipality facing more than double the previous tally
Read more »
Ontario offers municipalities $77M to offset skyrocketing OPP costsThe Ontario government is offering $77 million to help municipalities that rely on provincial police deal with skyrocketing law enforcement costs.
Read more »
Ontario offers municipalities $77M to offset skyrocketing OPP costsThe Ontario government is offering $77 million to help municipalities that rely on provincial police deal with skyrocketing law enforcement costs.
Read more »
Ontario Auditor General Slams Ford Government Over Ontario Place RedevelopmentThe Auditor General of Ontario has criticized the Ford government for improper processes in the redevelopment of Ontario Place. The report highlights cost overruns and issues with the bidding process.
Read more »