Quote:
Originally Posted by Arrdeeharharharbour
I remember many discussions over the past years about making all those who wish to live in the burbs/sprawl areas pay (more of) the actual cost of building the infrastructure required to support their wish. Isn't this the greatest part of the why development/permit costs have risen? Maybe the idea was wrong-headed and recovering the cost of roads, wires and pipes, etc. should be captured via the general tax rate/collection?
|
We're not talking about sprawl though. Any new development in Toronto is infill, and therefore denser than what it's replacing.
The reason why DC's have skyrocketed is because we have unsustainably low property taxes, and it's more politically expedient to fleece developers (and by extension, any prospective buyers/renters) than it is to raise property taxes on existing homeowners. It's essentially therefore a subsidy for those who buy/own existing housing stock (more expensive on average, and more costly to service) at the expense of those buying or renting new condos & apartments (cheaper on average, and more efficient to service).
There are still of course externalities associated with development, like lane closures and greater demand being placed on sanitation systems or other public services that DC's are meant to cover, but those costs haven't increased at nearly the same rate.