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Development Charges Are Finally Being Cut. What Happens Next?
Ontario has started cutting development charges. But is this the breakthrough Ontario’s housing market needs, or just the first step?In this episode of The Missing Middle Podcast, Mike Moffatt sits down with Kim Fairley, President of Ontario Real Estate Association (OREA), to unpack what Ontario’s new development charge reforms mean for homebuyers, builders, and municipalities – and what still needs to happen next.They discuss: • Why development charges can add up to $200,000 to the cost of a new home in Ontario • How some Ontario cities have raised DCs by 1,000%–5,000% since 2000 • Why Sault…
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