Metro Vancouver Votes for Aggressive Increases in Development Cost Charges

In November 2023, Metro Vancouver voted to triple the fees they charge developers to undertake construction, resulting in a 73% increase in townhouse rates to $9,839 per unit by 2026, and a 64% increase in detached home rates to $10,952 per unit. This has caused a call for a more consistent strategy for DCC increases, which includes fixed-schedule reviews, phased approaches, enhanced reporting and accountability, and a standardized consulting process. Burnaby was reported to have the highest charges for row housing at $70,202 per unit, and the Township of Langley had the highest for detached housing

Continue to full article


Posted

in

by

Tags:

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *