• ILikeBoobies@lemmy.ca
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    1 year ago

    Getting rid of development charges doesn’t make things cheaper for people

    You’re right that it just goes to property taxes but it also means you still qualify for the same mortgage so houses can be sold for the same price

    Another way to look at it is buyers will have to pay for it for 30 years while retirees can just move to places that aren’t seeing massive expansion