[rofina]

Originally Posted by WarrenC12

What does that bolded part even mean? If that's a cost to the entire building, it's negligible.

I'm currently trying to navigate retro-fitting, and it's a huge hassle.

Edit: I see they are just piling on to the "taxes and fees" argument for expensive housing. Complete BS. Anybody who understands supply and demand will know that if government fees were to disappear overnight, prices would not change. Developers will charge whatever they can get. Prices are already coming down due to a decrease in demand.

When builders stop redeveloping, we can look at their costs.

Here is what I was referring to:

Between 2008 and 2018 development fees for an average 900-square-foot downtown Vancouver unit has increased from $43,000 to $343,000, according to UDI figures.

The fees include other DCCs — which are already used by municipalities to cover capital costs of infrastructure associated with growth, such as roads, water and sewer networks — community-amenity contribution (CAC) fees, public-art fees, and permits and inspection fees. It doesn’t include the new transit DCC and taxes.

Source: http://theprovince.com/news/local-news/t...wcm/ed5eaa00-b38d-47a0-912f-89bf4f2b3e1f