Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

The Oakville Development Charge Fiasco – Issues Explained

Keeping up on the Development Charge debate being waged in Oakville?  For those who have not yet heard, the Town of Oakville recently approved a 65% increase in the development charges used to fund infrastructure costs associated with growth.  At the heart of the debate are two issues: 1) the town and region need to find a way to fund growth and 2) developers are concerned about the impact of a 65% increase on growth. 
Publicly, both camps have been quite clear on the need for self-funded growth.  In other words both sides recognize that growth should not come at the expense of existing tax payers.   In a letter to prospective buyers sent out in June, Peter Gilgan, CEO of Mattamy Homes writes, “If there’s one message, it’s that we’re not asking any existing taxpayer to pay one red cent…to support any new development”.   Oakville’s Mayor Rob Burton also commented in a recent Oakville Beaver article that “increasing development charges is essential to minimize the impacts of growth on our current taxpayers”.   I’ve spoken to several people who have the opinion that the developers are just being greedy and wanting to “get away” with not paying their fair share ... more

__________________________________________________
Are you on The Rain? Grow Your Network!