This decision to allow…

This decision to allow greater certainty in the value and timing of fees associated with development in the province is critical to allowing developers to plan carefully and execute projects with greater certainty. And the capping of the community benefit charges affords even greater certainty. With government charges accounting for approx. 20-25% of the cost of a home, cost certainty is more critical than ever in the budgeting exercise. Developers will be more confident in executing new projects and making more housing available to our growing province. One concern is the strategy that municipalities might employ to use the community benefit charges as a penalty against developers; that remains to be seen.