Businesses would also bear part of the tax burden through a proposed 15 per cent increase in development charges and an average 25 cents per day off - street parking levy. (canadianbusiness.com)
With the high cost for development charges from the city — there is little room left for the developers to make a decent profit. (remonline.com)
It also includes rebating a portion of development charges to encourage rental construction under a five - year, $ 125 - million program. (moneysense.ca)