New home buyers and new businesses will take on costs that are
disproportionate to existing residents and businesses across the
TORONTO, May 27, 2013 /CNW/ - The Ontario Home Builders' Association
(OHBA) and the Building Industry and Land Development Association
(BILD) are disappointed that the Metrolinx 'Big Move' Investment
Strategy announced today will burden new home buyers and new employers
with additional charges.
The proposed revenue tools, which include an increase to Development
Charges and an additional new 1 per cent HST, will erode affordability
of new homes and new employment centres across the GTHA.
"This Investment Strategy adds a host of new fees and charges that will
end up making transit-oriented communities less affordable," says Joe
Vaccaro, COO of OHBA. "For example, for a new condo buyer in Markham,
the Metrolinx Investment Strategy could add up to $8,000 in charges - a
cost that is disproportionate to the $477 being projected by
"New home buyers and new businesses are already doing their fair share,"
says Bryan Tuckey, President and CEO of BILD. "We estimate new home
buyers and new businesses paid more than $1 billion in Development
Charges to municipalities in 2012 alone for the construction of
growth-related infrastructure in the GTA."
Advocating on behalf of new home buyers and business, the Associations
want the public to know that the report doesn't recognize the impact of
the proposed tools (i.e. Development Charges, new HST, parking levies,
land value capture etc.) on new home purchasers and new business
The Province has created a growth plan, Places to Grow and a regional
transportation plan, The Big Move to promote transit-oriented
communities, fight sprawl and congestion. BILD and OHBA believe the
proposed new revenue tools presented today are counter-intuitive to the
goals of both plans.
With more than 1,400 members, BILD, formed through the merger of the
Greater Toronto Home Builders' Association and Urban Development
Institute/Ontario, is the voice of the land development, home building
and professional renovation industry in the Greater Toronto Area. BILD
is proudly affiliated with the Ontario and Canadian Home Builders'
The Ontario Home Builders' Association is the voice of the residential
construction industry in Ontario representing 4,000 member companies
organized into 30 local associations across the province. The industry
contributes over $42 billion dollars to Ontario's economy, employing
more than 325,000 people across the province.
SOURCE: Building Industry and Land Development Association
For further information:
For more information or to arrange an interview with Joe Vaccaro or Bryan Tuckey, please contact Amy Lazar at 416-391-3452/416-543-3903 or firstname.lastname@example.org or Kathryn Segal at 416-443-1545 ext. 223 or email@example.com