Property developers have, again, asked Metro Vancouver regional government members for development fees to be waived, deferred or redirected citing escalating costs to construct new homes.
The most recent pitch came last Thursday as developers lined up to speak at a special committee of the region’s mayors.
Citing higher finance interest rates and rapidly inflating construction costs, the developers have taken issue with what are called development cost charges (DCCs), which are to pay for new roads, parks, sewers and water pipes surrounding new construction or associated with the population increase that comes with it.