Event Details
Join the Association of Ontario Land Economists and the Appraisal Institute of Canada – Ontario for a panel discussion on Community Benefit Charges, a new financing tool under the Planning Act. A one-time fee paid upon building permit, is based on a rate of 4% of land value, intended to fund growth related public services not covered by development charges or parkland dedication. The panel will discuss the various methods for establishing land value, how the applicable services will be defined, and how this will impact future development in the region.