We all know that municipal fees on new developments have continued to increase and approval delays continue to grow longer and longer. I think of members opposite here—in London, I think it’s over five years or close to five years, from beginning to end, before we can even begin to build a house.
Delays in new housing are now 40% longer than they were only two years ago. Since 2020, in the GTA, we’ve got a 36% increase. Municipal charges are adding nearly $117,000, or $53 per square foot, to the cost of a low-rise home in the GTA.
So a simple question: At the time we find ourselves now, with a housing crisis throughout this province, who does the opposition think picks up the costs of these excessive development fees? Who do these costs get passed down to?