I have previously outlined the important role that infrastructure plays in building a livable GTA and the support it provides to the development of new homes. Infrastructure comes at a cost and is paid for from a variety of sources, including development charges levied on new homes. Development charges are taxes imposed on new projects by local and regional governments, as well as GO Transit and educational boards. For example, in Oakville, development charges will now add $74,000 to the price of a new single family home. In the city of Toronto, costs will reach $118,000 by 2020 for an average single family home and $76,000 for an average highrise apartment.

Source: thestar May 12, 2018 13:41 UTC