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Old Posted Aug 30, 2018, 9:52 PM
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You can dig up articles from New Zealand and ignore what the quotes you publish say (for example "If CACs also go towards operating costs, then these new residents may end up paying twice; indirectly, where market prices have increased due to CACs, and then again with other residents and users." They don't go towards operating costs in Vancouver, they provide facilities.)

The last quote you added doesn't say housing prices have gone up - all it says is developers still make their profits. That's because DCCs don't take all the land lift - they let the developer keep some.

I repeat - I don't believe you could find a for-profit developer who will charge less for housing because they don't have to pay the fees. They will try to get as much as they can, and as we've seen the market value of new condos has been going up at a ridiculous rate - but none of that is driven by high fees or taxes or charges. CACs can limit the windfall element of extra profit they might get for being allowed to build a more than they could otherwise.
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