Title
DEVELOPMENT CHARGE (DC) DEFERRAL POLICY FINAL
1. That the Development Charge Deferral Policy (Policy No. FIN-25-010), as outlined in Appendix A attached to Staff Report FIN010-25, be adopted and implemented as a pilot program applicable to Building Permits issued within the next twelve (12) months.
2. That the existing Development Charge Deferral Policy (Policy No. FIN-001-2015) be repealed.
3. a) That for any new building permit applications for residential developments that are 5 stories and above with a signed agreement to provide at least 20% affordable housing (defined by CMHC) received between August 14, 2025 to December 31, 2025 with building activity to commence before May 31, 2026, the City residential development charges be waived with total waivers to an upset limit of $30 M;
And, further, that this pilot program does not apply to active developments where conditional or full building permits have already been issued; and
b) That 50% of the city’s taxation from the properties utilizing the pilot program be allocated to the DC reserves until the amount of development charges waived is repaid.
4. That the City’s Fees By-law be amended to remove the fee of $1,000 associated with administration of Development Charge Deferral Policy. (FIN010-25) (File: C11)