Developer charges slashed up to 25% for rental builds to meet province’s housing goals

Developer charges in Brampton are being reduced by up to 25% for rental builds to align with the province's housing goals. The city council approved changes to lower development charge rates for various types of housing, including single homes, apartments, and industrial builds. These adjustments aim to support the construction of 1.5 million new homes in Ontario, with Brampton expecting around 113,000 new households. The reduced rates will come into effect on August 2.

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