Saturday 27 October 2012

How development charges affecting home buyers in Region of Peel


Matthew Strader photo

Region of Peel increased development charge by 99 % that means home buyer pays extra $18,000 for newly built home in Brampton, Mississauga and Caledon.

Of course the development charges need to be paid by the builder. Region of Peel is arguing that, developers should pay their fair share. 
What do you think ? Developers are doing business, of course they are not paying that money out of their pocket, they are going to charge you. What a home buyer should do in this situation ?





  • If you are planning to buy home in region of Peel, first consult your bank, and get qualification for that extra $18000.
  • Other option is to buy a resale home, in the area you are interested in.
  • Down size is other option you can look at. e.g. Instead of 4 bedroom go for 3 bedroom or from detached home to semi-detached home.

http://www.thestar.com/news/gta/article/1261086--peel-development-charge-increase-means-homebuyers-pay-extra-18-000

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