Fees for a townhouse in Vancouver will rise from $10,027 today to $30,861 by 2027 to pay for new parks, sewers and water pipes.
Federal housing minister Sean Fraser has told Metro Vancouver that its proposal to increase housing development fees for new sewer and water facilities is “at odds” with his so-called Housing Accelerator Fund aimed at promoting construction.
“In the spirit of finding a solution, I would like to collaborate on a resolution that ensures Metro Vancouver can support the infrastructure demands which growth will create, while respecting the spirit of building as many new homes as possible,” wrote Fraser. The basic mantra is that growth should pay for growth — something that had not been happening for decades, resulting in a backlog of infrastructure needs with no money in the bank.
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