Vaughan’s Development Charge Reduction: A Boost for Housing Affordability
November 29, 2024
The City of Vaughan has taken a groundbreaking step toward addressing housing affordability by significantly lowering development charges, a critical cost in home construction. The new rates, effective November 19, 2024, represent a 47% reduction for low-rise residential developments, dropping from $94,466 to $50,193 per unit. This move, championed by