GTA region warns Bill 23 may hike property taxes

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GTA region warns Bill 23 may hike property taxes
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Another thorny issue with the bill is the development of Greenbelt land, including 4,500 acres from three areas around Durham.

“We estimate the Region will have about $281 million less in revenue over five years,” said Durham Regional Council Chair and CEO John Henry.

aims to build 1.5 million homes in Ontario over the next 10 years. Freezing development charges and government fees on some new builds are among the provisions included. Henry says there has been an immediate impact in Durham: money collected from development charges is dropped by 20 per cent already, he says.

“More land is not needed, in Durham Region, to meet the provincial housing target,” Henry said. “There is an eight to 10-year supply of housing already planned in our region.”Stop Sprawl Durham

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