By Graeme McNaughton/The Oshawa Express
Those looking to build in Durham Region are going to have to fork over more money to the region, starting on Canada Day.
As of July 1, the region’s slate of development charges will be going up, with the rise being attributed to the growth of Statistics Canada’s building price index. With that index showing an inflationary increase of 3.9 per cent, development charges will be going up by the same amount.
The exception will be the GO Transit portion of development charges, which is capped at three per cent.
According to a report included in the May 19 council information package, the region expects to earn millions of additional dollars as a result, with an extra $4.4 million coming from regional residential and non-residential development charges, $300,000 from the regional commercial development charge and $200,000 from the regional industrial development charge.