New buildings will now cost more in Bruce County.
New development charges take effect this year, as the county did not receive any appeals to the By-law by the appeal period deadline of January 2, 2024.
The county will phase in the extra fees over a 10-year period, with only 25% of the new charge being in effect in 2024.
Municipal officials say the revenue will fund the new growth-related infrastructure and will reduce the need to increase property taxes.
According to a report to county council, by 2031, the full charge will add $7,655 to the cost of a single dwelling unit, and add $2.94 per square foot of non-residential construction. That's expected to bring in $3.1 million a year in revenue. Non-profit housing, affordable homes and rentals will be exempt.
Huron-Kinloss, Kincardine, Saugeen Shores, and South Bruce Peninsula have their own development charges as well.
