Quote:
Originally Posted by Hondaracer
I don’t see anywhere that says it’s the full tax?
Even the quote you sent only says half?
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It's not, the Liberal policy is that they will cut the development charges in half but offset the full amount via infrastructure investments. So if the charge is $100 and they cut it to $50, the Liberals will put in $50 of corresponding investments. It's a 1:1 policy.
The Conservative policy is that they will pay for up to half of the amount that is cut. So if the charge is $100 and the city cuts it to $50 the Cons will give the city $25. It's a 2:1 policy. (Edit: It's up to a maximum of $50k per house)
More specifics about the housing policy for each party:
https://storeys.com/canada-2025-elec...ted-platforms/
For the Cons: "They have also pledged to reduce development charges by reimbursing local governments 50% of every dollar in development charges that they cut" (Edit: It's up to a maximum of $50k per house)
For the Libs: "The Liberals have pledged to cut these charges in half for multi-unit buildings, which developers estimate make up anywhere from 20% to 30% of the cost of a new home. For local governments, the federal government would then offset the amount with direct funding for infrastructure. This is expected to cost $1.5 billion a year."
I didn't outright say so in my previous post but the Liberal policy is the one I much prefer though I think there should be some stick to the policy - specifically, cities need to increase their property taxes by some amount in return for the extra money (say 25% of the funding comes from property tax increases and the feds pay 75% of the cost). Cities have been offloading infrastructure costs to new development in order to keep property taxes low and that needs to stop. Landowners need to pay their fair share.