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I am Canadian so haven’t followed this decision, but I 100% support banning municipal governments from funding pet projects with fees on developers. It’s a majo
by voisin 2y ago
I am Canadian so haven’t followed this decision, but I 100% support banning municipal governments from funding pet projects with fees on developers. It’s a major component of any project’s cost structure and absolutely flows through to the end buyer or renter. Landlords aren’t just absorbing these costs because the demand for housing exceeds the supply so house buyers/renters are price takers and ultimately shoulder the tax/fee.
- BenFranklin100 2y agoWorse, the fees reduce new construction, thus limiting supply and raising rents on existing units. It's bad public policy regardless of its legality.