Building Industry and Land Development Association (BILD)

Currently, government fees and taxes constitute 25 per cent of a new home’s cost in the #GTA, with municipal fees alone accounting for over 50 per cent – among the highest in North America. Go to bildgta.ca/DoSomething and tell the provincial government to work with municipalities to control the costs they add to new homes:  https://lnkd.in/g5Jyq5vG. #DoSomething

BILD President and CEO David Wilkes called the City of Toronto's proposal to defer development charges on purpose-built rental homes, which would cut developers' per-unit costs by nearly $38,000, “a good first step:"  https://lnkd.in/gYzF3ENx.

Delays in municipal approvals for new homes in the #GTA hinder housing supply growth, limit choice, and drive up costs for homebuyers. Go to bildgta.ca/DoSomething and tell your municipal government to cut the red tape and make approvals quicker: https://lnkd.in/gnHszMMH. #DoSomething

Last chance to register — on Nov. 6, join yBILD for a dynamic conversation about urban planning and construction that promises to ignite your imagination and spark innovative ideas. This is your moment to engage with thought leaders who are as enthusiastic about the future as you are. Find out more and register now: https://lnkd.in/gcNWZCs4.

“… what we’re seeing right now — at least in September — is the market holding its breath,” BILD spokesperson Justin Sherwood told the Toronto Star about September new home sales data with Altus Group: https://lnkd.in/gb2DGXg3.

Lowering the 25 per cent in government fees and charges new home buyers pay on an average #GTA home would be one of the easiest ways to reduce housing costs and add supply for a growing population, BILD President & CEO David Wilkes writes in the Toronto Star: https://lnkd.in/gYnpnvGS.

BILD applauds the Federal Conservatives' announcement on their commitment to addressing one of BILD’s calls to action. If elected, they plan to remove the federal portion of the HST (GST) on new homes priced under $1 million. This is a significant step forward towards helping housing affordability.

Did you know that government fees and taxes comprise 25 per cent of the cost of an average home in the #GTA? Of this 25 per cent, a significant portion is from HST. Initially, federal rebates were offered to offset this tax burden, tailored to 1991 housing prices. However, despite a 270 per cent increase in home prices from 1990 to 2023, rebate thresholds have not changed. Go to bildgta.ca/dosomething to tell the federal government to uphold its commitment to adjust the GST/HST New Housing Rebate program to reflect current market conditions. https://lnkd.in/gMJGKQA5 #GTAhousing #DoSomething

BILD’s latest Municipal Benchmarking Study “takes a deep dive into the municipal approvals process, calculating government charges on development applications and comparing approaches across selected municipalities for managing approvals and achieving the development of new housing,” writes Matt Durnan in NRU Publishing Inc.: https://lnkd.in/gPtKvCnF. Posted with permission of the publisher of NRU Publishing Inc. Original article first appeared in Novae Res Urbis GTHA, Vol. 27, No. 39, Wednesday, October 2, 2024. Governments must do something to lower housing costs and make the dream of homeownership possible. Go to https://lnkd.in/eDm5zYbG to tell your municipal government to cut the red tape and make approvals quicker.

David Wilkes, BILD President and CEO, on hand with Minister of Energy and Electrification Stephen Lecce, Minister of Municipal Affairs and Housing Paul Calandra, Associate Minister of Energy Sam Oosterhoff and Ontario Home Builders' Association CEO Scott Andison, on new legislation and the steps being taken to reduce regulatory barriers to accelerate the provision of electricity to growing communities across the GTA and province. Today’s announcement points to alternative solutions to electrify new communities, reduce costs and connect new homes to the grid for future residents of the #GTA.