INCREASES FOR NEW DEVELOPMENT COULD ADD UP TO $5,000 TO THE PRICE OF A SINGLE FAMILY HOME: HOMEBUILDERS

The Metro Vancouver regional district, an unelected body responsible for utilities like water and sewer, are set to increase sewer fees for new development, sparking an outcry from the Homebuilders Association of Vancouver (HAVAN) and Urban Development Institute (UDI).

The sewer charges for new development will increase between 82% and 111%, depending on the building type, for Vancouver, and between 214% and 230% in the Fraser Valley, according to the UDI and HAVAN. “The timing of this imposed stack of government charges on new homes couldn’t be worse,” said HAVAN CEO Bob de Wit.

To continue reading, please visit Business in Vancouver – Sewer Fee Increases to Jack Up Prices of New Homes.