Balancing Growth and Affordability: The Pros and Pitfalls of Development Charges in Canada’s Housing Market
This thought leadership piece assesses the benefits and drawbacks of levying development charges on new housing—a popular but controversial tool for funding infrastructure such as roads, waterworks, libraries, and parks in new residential areas.
How much do cities across Canada rely on development charges? To what extent do development charges boost house prices and reduce affordability? What’s the best way to finance local infrastructure?
Read the thought leadership piece to get our full analysis.
Introduction
Development charges emerged after the Second World War
Development charges vary widely
How development charges can be used also varies widely
The good: development charges can address some policy goals
The bad: development charges can be politically expedient and inequitable
The ugly: development charges are reducing affordability
Final thoughts
Bibliography
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