Huntsville Council has approved a phased approach reduction in residential Development Charges (DCs), with the full discount taking effect in 2029.
During the Dec. 9 council meeting, the updated DCs By-law for 2025 was passed.
Officials say a 25 per cent reduction in residential DCs will take effect starting in 2025, with a phased approach that will allow development time to adjust to the price increase.
According to Town officials, to promote balanced growth, the new DCs By-law includes exemptions for secondary suites and continues to exempt affordable housing projects.
Officials say for non-residential development, the full rate will be phased in over a period of five years.
“The updated by-law includes charges that represent an increase of $1,160 per unit for single and semi-detached houses and an increase of $14.22 per square meter for non-residential construction in 2025,” say officials.
Officials add DCs will be adjusted annually based on the non-residential building construction price index.
