Single-family homes and townhomes could see fee increases more than triple over three years.
The Metro Vancouver region is looking at a potential wave of development fee increases with impacts already seen in the postponement of a federal funding announcement.
These charges are collected by Metro Vancouver and go towards new liquid waste and water infrastructure. Metro Vancouver is also considering the introduction of a DCC for regional parkland acquisition. Townhomes in this area will also see a significant increase – up 256 per cent from $8,679 to $30,861 by 2027. Apartment fees will increase by 235 per cent, from $6,249 to $20,906 during the same period.
The change means “that 99 per cent of the cost of system expansion is covered by development cost charges rather than water sales to water district members or liquid waste services levies to sewerage and drainage district members,” Metro Vancouver spokeswoman Jennifer Saltman said in April 2023.
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