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Vancouver’s Policy Changes To Reduce Upfront Costs For Builders | Canadian Real Estate Magazine
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Vancouver’s Policy Changes To Reduce Upfront Costs For Builders | Canadian Real Estate Magazine
Vancouver has introduced a series of financial and procedural reforms aimed at helping residential developments move forward amid tighter margins and rising costs. By changing how and when fees are collected, while reducing regulatory friction, the city is trying to make it easier for housing projects to proceed. Deferring Large Development Charges One of the most significant changes is the deferral of Development Cost Levies (DCLs), a type of c…
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