Tax Sale Properties
January 23, 2019, 05:40:12 AM *
Welcome, Guest. Please login or register.
Did you miss your activation email?

Login with username, password and session length
News: Tax List Property Listings Forum
   Home   Help Search Calendar Login Register  
Tax Sale Property Main Site
Pages: [1]
Author Topic: Major cost increases in Toronto - Development charges up 85%  (Read 460 times)
0 Members and 1 Guest are viewing this topic.

Karma: 57
Posts: 1295

View Profile
« on: April 23, 2018, 10:06:20 AM »


?The industry just got hit with an 85% increase,? said Scott McLellan. ?What that means is the DC might be passed onto the purchaser. That?s somewhat problematic, especially in light of the new stress test for mortgages. This is yet another very, very meaty charge at the end of the process.?

On a two-bedroom condo unit in the downtown core, Plaza?s development charges are $25,366. However, with the City of Toronto rolling out the hike over the next couple of years, the development charge on that same unit will hit $36,165 in November, reaching $42,644 next year, and its ascent will cap at just under $47,000 in November 2020.
Pages: [1]
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.12 | SMF © 2011, Simple Machines Valid XHTML 1.0! Valid CSS!
Page created in 0.029 seconds with 20 queries.