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London Mayor Welcomes $8.8 Billion Development Charge Reduction Initiative in Ontario
London Mayor optimistic as details emerge about $8.8B plan to slash Development Charges on new homes in Ontario
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London Mayor Josh Morgan expresses optimism about a new Development Charge Reduction Program (DCRP) aimed at slashing development charges by 30-50% on new homes in Ontario. The program, backed by $8.8 billion in funding, is designed to spur housing construction while municipalities are expected to contribute 10% of project costs.
- 01The Development Charge Reduction Program (DCRP) aims to reduce development charges by 30-50% for new homes in Ontario.
- 02London's current development charges range from $34,195 for row housing to $50,564 for single detached homes.
- 03Municipalities must apply by June 19, 2026, to participate in the DCRP, which is funded by $8.8 billion from federal and provincial governments.
- 04London Mayor Josh Morgan is optimistic but seeks clarity on how existing incentive programs can contribute to the required municipal funding.
- 05The initiative is designed to support housing-enabling infrastructure projects such as roads and sewers.
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The federal and provincial governments have launched the Development Charge Reduction Program (DCRP), opening applications for municipalities to reduce development charges on new homes. London Mayor Josh Morgan expressed optimism about the program, which aims to cut charges by 30-50%, potentially easing the financial burden on new construction. Currently, development charges in London range from $34,195 for row housing to $50,564 for single detached homes. The DCRP is backed by an $8.8 billion funding initiative intended to support infrastructure projects that facilitate housing development. Municipalities are expected to contribute 10% of the costs for each project, prompting Morgan to inquire whether existing incentive programs can count toward this contribution. He emphasized the importance of recognizing previous municipal efforts, such as a 100% waiver in the downtown area, to ensure successful collaboration. The deadline for municipalities to apply is set for June 19, 2026.
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The reduction in development charges is expected to lower the cost of new housing, making it more accessible to residents in London and potentially increasing construction activity.
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