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South Huron developers oppose tripling development fees, fearing housing affordability and supply risks amid recession.
Local developers in South Huron oppose a proposed tripling of development charges, from $6,206 to $18,641 per residential unit, citing risks to housing affordability and project viability amid a recession.
The increase, tied to a projected population rise of over 2,000 by 2034, would place fees in the upper half of regional comparisons but still below nearby areas.
Builders and council members warn the rapid hike could reduce housing supply and strain residents, urging a phased approach and more public consultation.
Council has delayed final decisions to allow further review and input ahead of a one-year deadline.
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Los desarrolladores de South Huron se oponen a triplicar las tarifas de desarrollo, temiendo la asequibilidad de la vivienda y los riesgos de suministro en medio de la recesión.