Higher development charges, less federal money
Brandon Donnelly
OCTOBER 29, 2023
For example, fees for a townhouse in Vancouver will rise from $10,027 today to $30,861 by 2027. In response to this, federal housing minister, Sean Fraser, has just pulled $138 million in funding that was intended to accelerate housing permits and new affordable housing projects in Surrey and Burnaby. This makes some sense.
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