How Bill 23 Affects Homeowners
Higher Taxes (For some cities, double)
New communities need critical infrastructure like roads and sewers.
Since Bill 23 exempts developers from having to pay for these important utilities for their new homes, it’s up t existing residents to make up for the shortfall.
Homeowners pay more because Bill 23 gives developers a free pass to build houses without paying for the infrastructure that support them.
Fewer Parks & Amenities
Parks and community centres is what makes a housing development into a community.
Because no development fees can be collected by your municipalities, there’s no new money to build new green spaces or rec centres for the new residents buying these new homes.
Homeowners will see more people using already overstretched and underfunded community spaces and programs, leading to more overcrowding and competition for existing public spaces.
Cuts to Service & Access
Cities will have to support these new residents with the same service you expect.
But because development fees are not collected, many cities can’t buy the equipment needed to support that growth, like garbage trucks, snowplows and bylaw enforcement.
Homeowners will see more delays and sporadic service levels for the same services they enjoy today because there’s no money to pay for assets or equipment to support the sudden growth.
Bad Policy Means a Bad Outcome for Every Homeowner
Bill 23 is bad for every homeowner, period. When municipalities lose the ability to collect the funds necessary to build new community centres, buy garbage trucks, lay new sewers, or hire firefighters, we all lose.
What Experts are Saying On How Bill 23 Affects Homeowners
TVO - The Agenda with Steve Paikin
Mayors of Waterloo and Newmarket talk about property taxes increasing 7% to 10%
CP24 - Premier Doug Ford is dismissing concerns
The City of Toronto has warned that changes to development fees and other charges as a result of Bill 23 will cost it $230 million in revenue on an annual basis.
CTV - Bill 23 may hike property taxes
Durham region projecting taxes to go up to make a loss of revenue of about $281 million.
CBC - Property tax hikes loom in wake of... rule changes
A third of GTA municipalities say they plan to raise property taxes to cope with development charge loss