A new report commissioned by the Canadian Chapters of NAIOP reveals that municipal fees and charges on purpose-built rental housing have risen between 290% and 628% since 2010. These escalating fees are pushing otherwise viable projects beyond the point of feasibility.
In Toronto, these fees now represent up to 31% of total construction costs.
Please find the Media Release and Analysis of Government Charges in Major Canadian Markets, below:
For inquiries, please reach out to executivedirector@torontonaiop.org