Peel Region Slashes Development Charges by 50% to Boost Housing Supply

Peel Region Council has voted to cut development charges by 50% in Caledon, Brampton, and Mississauga from July 2025 to November 2026 to boost residential construction and ease housing costs. This move, supported by a potential $1.3 billion provincial fund, aims to address affordability and follows similar actions by nearby municipalities. The program may pause if funding agreements aren't finalized by October 2025. Industry leaders praise the initiative as a key step to unlock stalled housing projects.

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