GR Update – May 9, Growth Funding Tools (“GFTs”)

We are sure most of you have been notified of the City of Toronto’s latest proposed increases to Growth Funding Tools (“GFTs”). GFT’s include Development Charges, Parkland Dedication or Cash-in-lieu, and the new Community Benefits Charges (replacing s.37). The City intends to introduce these proposals at City Committees in May with a view to seeking Council’s approval …

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