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Ontario realtors call on Ottawa to reject developer charge hike

“This will have a disastrous impact on new housing supply and increase the cost of new homes,” read the statement from OREA president and former Ontario Progressive Conservative leader Tim Hudak.

Published May 14, 2024 at 7:14pm

Marco Vigliotti
By
Marco Vigliotti
Ontario realtors call on Ottawa to reject developer charge hike
New homes are built in a housing construction development in the west end of Ottawa on May 6, 2021. (Sean Kilpatrick/The Canadian Press)

Ontario realtors are urging Ottawa city council to reject a proposed increase in developer fees.

The Ontario Real Estate Association (OREA), which represents realtors in the province, issued a statement on Tuesday saying the 11 per cent hike would put “homeownership further out of reach for thousands of Ontarians in the National Capital Region.”

“This will have a disastrous impact on new housing supply and increase the cost of new homes,” read the statement from OREA president and former Ontario Progressive Conservative leader Tim Hudak.

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