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unofficial consolidation, the official version is held by the municipal clerk.
Type of Development
Deferred Development Charges
Discount
Annual Instalments
Comments
Single Detached Dwelling
Payable on occupancy
N/A
N/A
Semi-Detached Dwelling
Payable on occupancy
N/A
N/A
Other Multiples
Payable on occupancy
N/A
N/A
Apartments
(1 bedroom)
N/A
15%
Yes - See note 1 & 2
Apartments
(2 bedrooms)
N/A
20%
Yes - See note 1 & 2
Apartments
(3+ bedrooms)
N/A
25%
Yes - See note 1 & 2
Special Care/Special Dwelling Units
N/A
N/A
N/A
Institutional
N/A
N/A
Yes - See note 1 & 2
1
2
Development Charges - Incentives
Notes:
DC Charge is divided by 6 equal payments
1st Payment = Payble on occupancy
2nd Payment = 1st anniversary (occupancy date)
3rd Payment = 2nd anniversary (occupancy date)
4th Payment = 3rd anniversary (occupancy date)
5th Payment = 4th anniversary (occupancy date)
6th Payment = 5th anniversary (occupancy date)