The newly announced Toronto Development Charge Reduction Program is expected to spur significant rental construction and create new jobs.

The landmark multi‑billion‑dollar agreement will significantly reduce development charges on new housing while advancing the Waterfront East Transit line.

The development industry now has an additional year to benefit from the City's development charge incentive initiative, launched in 2025.

Mississauga City Council has approved a motion to expand the City’s development charges incentive program in an effort to accelerate purpose‑built rental construction.

Ontario's new move to defer the due date for development charges is expected to ease upfront costs for condominium developers and create cash flow headaches for some municipalities.