Quote:
Originally Posted by Hondaracer
The province and COV’s wonderful new multi plex plan is turning into an abysmal failure and the stress on the market currently is only going to make it worse.
Spoke with a builder a few weeks ago and now CoV is apparently charging development fees and Utility hookup fees PER unit built. He said a regular single family home used to be around 35k all in for the infrastructure hookups (outside of hydro)
Now a 4 plex is costing around 75k for utility fees which are, of course, passed onto the buyer
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It was for optics to gain votes, nothing else.
Not only are the fees ridiculous, but there's no way the province or the municipalities are going to find enough developers and builders who are willing to fork over millions just for land and spend millions more to build, then wait around to sell $1.5 million+ shoebox units.
The winners are homeowners who've seen their land value go up since the announcement. Your average middle class buyer is still screwed, and nothing will change.