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Through Bill 23, the More Homes Built Faster Act, 2022, the Province made changes to the Development Charges Act, 1997 introducing exemptions and discounts for affordable residential units from municipal development-related charges. These exemptions and discounts intending to incentivize affordable and rental housing supply, come into effect on June 1, 2024.
Prior to the provision coming into effect, the Province released the Affordable Residential Units Bulletin outlining how municipalities apply such exemptions and discounts. This bulletin sets out the market-based (that is, average purchase prices and market rents) and income-based thresholds that are to be used to determine the eligibility of a residential unit for an exemption from development charges and exclusions from the maximum community benefits charge and parkland dedication requirements.
This bulletin is effective June 1, 2024, and applies until replaced by a new bulletin (anticipated June 1, 2025).