Page 28 - Development Charges News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Ministry of National Development (MND) has released its half-yearly revision to the Development Charge (DC) rates across multiple property groups. Imposed on property developers, Development Charges are revised every six months and apply on a per square metres basis based on geographical sector and property group type. Based on MND’s and URA’s release, there are 118 geographical sectors and...

Majority of the consumers received bills ranging from Rs 4,000 to Rs 5,000 and a few received bills ranging from Rs 10,000 to Rs 15,000

With a slew of policy tweaks over the past decade, the property market in 2022 is almost unrecognisable to those who bought in 2012 or earlier. One common gripe we hear is that long-term plans, laid out over 10 or 15 years, have now been derailed by factors such as ABSD and TDSR. Whether you're returning to the property market...

'For us, this is a deal killer'

On October 7, 2021, the Ministry of Municipal Affairs and Housing (MMAH) announced two proposed legislative changes that will affect land use planning processes and costs in Ontario....