Peterborough city council votes to hike development charges for new homes by 48% | Watch News Videos Online (2025)

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• Peterborough city council votes to hike development charges for new homes by 48%01:53 | December 4, 2024
• Salvation Army Peterborough sees overwhelming demand for Christmas Assistance program02:22 | November 28, 2024
• Some Peterborough businesses bracing for impact of Trump’s tariff threat02:05 | November 27, 2024
• Peterborough’s arts community fears proposed municipal funding cuts may have detrimental impact02:26 | November 13, 2024
• Peterborough mayor’s housing creation task force releases recommendations02:31 | November 6, 2024
• Peterborough draft 2025 budget suggests service cuts02:22 | November 6, 2024
• ‘People are finding it tough’: Ford says gas tax extension will make life more affordable00:59 | October 28, 2024
• Smaller chocolates, more gummies are on the menu this Halloween00:50 | October 24, 2024
• ‘Shattered the system’: Conservatives question Trudeau’s immigration policy change03:41 | October 24, 2024
• Canada reducing number of immigrants over next 3 years, Trudeau announces04:45 | October 24, 2024
• World Food Day: Food insecurity reaching ‘crisis’ level in Peterborough02:34 | October 18, 2024
• Canadian electrical companies send crews to help restore power in Florida after storms03:40 | October 12, 2024
• Protesters in Cobourg ask MPP to remove encampment at property of former youth detention centre02:23 | September 25, 2024
• ‘Justinflation tagline works now better than ever’: Trudeau, Poilievre clash on carbon pricing06:17 | September 18, 2024
• Brock Mission shelter in Peterborough seeks expansion01:45 | September 3, 2024
• Peterborough man left homeless after fire at city-owned housing property02:13 | August 26, 2024
• ‘Threatening lockout workers is not the answer,’ Ford says as rail strike looms01:12 | August 21, 2024
• Trinity Community Centre report highlights homelessness, addiction issues in Peterborough02:27 | August 20, 2024
• Peterborough Action for Tiny Homes project seeks zoning approval for setup in September02:08 | August 15, 2024
• Peterborough city council rejects surprise motion to halt construction projects to help fight homelessness02:20 | August 13, 2024
• Soaring costs put 2 Peterborough affordable housing projects on hold01:59 | August 12, 2024
• Renovations completed at Otonabee Memorial Community Centre in Keene01:52 | August 2, 2024
• Peterborough doctors’ think-tank aims to help physician shortage, improve recruitment efforts01:53 | July 25, 2024
• LCBO stores reopen in Peterborough01:57 | July 23, 2024
• Busy road construction season in Peterborough means a challenging time for motorists01:52 | July 23, 2024
• Build and Soar program matches Peterborough area students with construction, aviation employers01:48 | July 16, 2024
• LCBO scraps plan for limited re-opening of 32 stores as strike persists00:42 | July 15, 2024
• LCBO stores closed as Ontario-wide strike begins00:51 | July 5, 2024
• Peterborough city councillors question progress on Cleantech Commons research park02:14 | July 3, 2024
• Homeless family relocates after eviction from paid campsite in Peterborough01:48 | June 28, 2024
• Kawartha Lakes short-term rental licensing, demerit point system in full swing02:40 | June 27, 2024

Peterborough city council votes to hike development charges for new homes by 48%

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December 4, 2024

It will get a lot pricier for developers to build in Peterborough come the new year. City council voted to increase development charges on new homes by 48 per cent. For single and semi-detached units, this means the current rate of $48,000 will climb to nearly $71,000. The city collects development charges to fund new infrastructure and services needed as a result of residential growth. Back in September, a report by the city's consultant estimated Peterborough's population will add more than 8,500 people by the next decade, costing the city $2.5 billion for services. But, many in the home-building industry are concerned surging development charges could make the viability of new projects in the city very low. Meanwhile, the rate for non-residential development will go up by 55 per cent. The vote to amend the by-law was unanimous.

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