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For Immediate Release:
September 14, 2012
 
 
 

Peel Regional Council Approves Development Charges By-law Funds Will Support Growth Development In Peel

 

BRAMPTON, ON. (Sept. 14, 2012) Regional Council endorsed today the proposed 2012 Development Charges (DC) By-law to finance growth infrastructure vital to the future development of Peel. Development charges fund infrastructure costs in the approved 10-Year Capital Plan and future planned spending up until 2031. The Development Charges By-law will apply to construction of single family residential; small and large apartments/condos; non-residential-industrial and other non-residential development.

Growth management at Peel has been guided by the Region’s Official Plan. The Region is committed to ensuring that growth pays for growth under the Development Charges Act without impacting existing taxpayers.

“Peel Region is a vibrant and culturally diverse community that keeps growing at a fast pace,” said Regional Chair and CEO Emil Kolb. “Council’s approval of the Development Charges By-law will allow the Region to adequately fund growth at a managed pace over a 20-year period.”

The new Development Charges will come into effect on Oct. 4, 2012. The Revised DC rates are:

Development Category

Current DC Rates

Revised DC Rates
Single Family Residential

$17,629

$35,532

Small Apartments/Condos

$6,548

$13,198
Large Apartments/Condos

$12,592

$25,380
Industrial*

$65.79 per sq. m.

$133.80 per sq. m.
Non-industrial*

$94.21 per sq. m.

$194.80 per sq. m.

*DC rate increases will be phased-in for industrial and office development.

The approved By-law contains a transition plan to mitigate the impact of the DC rate increases on non-residential development.

The resulting transition plan provides for a phase-in of development charges at the new rates as set out in the revised by-law effective Oct. 4, for industrial and office development. The increase in the DC rate for industrial development will be limited to 33 per cent of the increase starting Oct. 4 and will increase to full rates pending completion of an employment review and its consideration by Regional Council by the end of 2013. Office development will face 33 per cent of the increase starting Oct. 4 and then will see a further 33 per cent increase on Feb. 1, 2013 and have the full rate imposed on Aug. 1, 2013. No transition assistance is provided for new residential (single family, condos) and remaining non-residential development, which are subject to the full new DC rates as of Oct. 4.

The estimated costs of the proposed Regional transition plan, resulting in a revenue impact of $46 million, are intended to help generate employment and support overall economic growth in Peel.† The Region will require additional debt and interest costs to finance the plan.

Following a review of proposals for the Development Charge By-law from Regional staff and development industry stakeholders in July 2012, Council directed that staff be provided the opportunity to respond to additional information requests from developers, which would allow for completion of a technical review of the Development Charges background study.† Council also directed staff to meet with development industry representatives to discuss potential options for transitioning from current to new DC rates.

Regional staff will work with the area municipalities of Brampton, Caledon and Mississauga and the development industry to conduct the review of employment trends and corresponding service implications for water, wastewater and roads to inform future development charges.

The Peel DC rates remain competitive to other Greater Toronto Area regional municipalities such as Halton and York Region; both updated their DC By-laws earlier this year.

The adequacy of Region of Peel’s Development Charges will be reviewed on an annual basis through its Capital Budget process. The last DC By-law (115-2007) was adopted on Oct. 4, 2007 and will expire on Oct. 3, 2012.

The Regional Municipality of Peel was incorporated in 1974 on the principle that certain community and infrastructure services are most cost-effectively administered over a larger geographic area. The Region of Peel serves more than 1.3 million people and approximately 88,000 businesses in the cities of Brampton and Mississauga and the town of Caledon.

For more information on the Region of Peel, please call 905-791-7800, or visit peelregion.ca.

 

MEDIA CONTACTS:

Manager, Financial Policy and Development Financing
Region of Peel
905-791-7800, ext. 4281
Ed.Zamparo@peelregion.ca

Natalia Villegas
Communication Specialist
905-791-7800, ext. 4478
Natalia.Villegas@peelregion.ca

Communication Services, 10 Peel Centre Dr., Brampton, ON L6T 4B9
Phone: 905-791-7800, Fax: 905-791-0595, e-mail


Revised:

www.peelregion.ca

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