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City freezes development fees

The fees developers pay when they build new homes in Toronto will be frozen for the next two years, city council has decided.

The fees developers pay when they build new homes in Toronto will be frozen for the next two years, city council has decided.

And even when a higher fee schedule does kick in after the freeze, the higher charges will become effective only if a minimum number of building permits has been issued in the previous year, indicating a healthy demand for new housing.

 
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