Toronto Builder - Spring 2014 - (Page 12)

❵ feature BILD - YOUR VOICE By Andrei Zaretski I N LATE 2013, Minister of Municipal Affairs and Housing Linda Jeffrey announced that she would be launching a broad consultation to review Ontario's land-use planning system, decision-making process and the financial components of the development process. BILD and the Ontario Home Builders' Association (OHBA) were at the table representing the industry and new-home buyers for the full 80-day consultation. Earlier this year, BILD and OHBA made two submissions related to the Development Charges Act and land-use planning and appeals system consultations. The review of the land-use planning and appeals system, as well as the development charges system, provided an opportunity to consider streamlining improvements and ensure that municipalities are implementing provincial policy while enhancing accountability, transparency and better outcomes for new-home buyers and business owners in communities across the GTA. "These are hard decisions for the government to make," said OHBA president Eric DenOuden, "but we appreciate the open door to allow us to make concrete, fact-based submissions on both consultations to tone down the rhetoric and assess the real problem and try to find real solutions that work for everyone." Building quality, complete communities that people in the GTA can afford to live in continues to pose significant challenges to the industry, new-home buyers and every resident of this region. "A comprehensive and fact-based look at Ontario's land-use planning and complementary financial systems has the potential to improve our ability to build homes people can afford to purchase," said BILD president and CEO Bryan Tuckey. "Over the past decade, the cost of new homes has increased tremendously due to a number of factors related to public policy." This is particularly evident in the low-rise sector, which is hindered by constrained land supply. Prices of new ground-related housing reached record highs in 2013, with the price gap between low-rise and high-rise eclipsing $220,000 - also a record high. Another notable cause for escalating prices is the government fees and charges paid by newhome buyers as part of the final purchase price. These includes development charges, planning and building permit fees, parkland dedication, property and land transfer taxes, mortgage insurance, HST and more - averaging about 20 per cent of the cost of a new condominium or 23 per cent of the cost of a ground-related home. Development charges currently make up the largest portion of government-imposed fees on new homes, and since 2004 have increased between 143 per cent and 357 per cent across the GTA. 12 * Toronto Builder * Spring 2014

Table of Contents for the Digital Edition of Toronto Builder - Spring 2014

Chair’s Message
President’s Message
BILD – Your Voice in Government
BILD Reveals Winners of 2013 Associate Awards
Condo Builders Salute Water-Filtration Firm
Board and Executive Committee
RealNet GTA Market Update
2014 Calendar of Events
Marketing Partners and Corporate Sponsors
New Members
Suppliers Guide
Index to Advertisers

Toronto Builder - Spring 2014