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October 17, 2008
Wrong time for development charge increase, Mayor Miller says
  
Mayor David Miller announced today that he will be seeking a one-year freeze on development charges in order to keep Toronto's construction sector active during times of economic uncertainty.

The City’s current development charge bylaw expires in mid-2009 and a new bylaw will be before the City's Executive Committee on Nov. 10.

"A great many Torontonians work in the construction trades and related fields and we have to ensure those jobs are protected as signs point to an economic downturn," said Mayor Miller. "Cities are also where development and intensification should be happening. It's the way to prevent sprawl and protect the environment.

"I believe we need a creative, made in Toronto approach that is balanced and fair to both Torontonians and the development industry. In addition to a complete freeze in 2009, we should consider phasing in increases only when market conditions warrant."

A background study on development charges and the proposed new bylaw will be available publicly on Oct. 23.

Toronto is Canada’s largest city and sixth largest government, and home to a diverse population of about 2.6 million people. It is the economic engine of Canada and one of the greenest and most creative cities in North America. In the past three years, Toronto has won numerous awards for quality, innovation and efficiency in delivering public services. Toronto’s government is dedicated to prosperity, opportunity and liveability for all its residents.

Media contact:
Stuart Green, Office of Mayor Miller, 416-338-7119, stugreen@toronto.ca


 

 

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