Development Charge Reduction Program

Council was asked to

1. Approve the projects listed in this report under Table 1 submitted on June 19, 2026 as part of the application process for the Development Charge Reduction Program, under the Canada-Ontario Partnership to Build.
2. Approve an additional $398.0 million in budget authority, bringing the total approved budget authority to $692.2 million, subject to successful negotiations to support projects submitted to the Province for DCRP funding. This authority includes both supplementary funding for projects previously approved through the capital budget process and new budget authority for additional projects, with funding as described in the Financial Implications section.
3. Delegate authority to the City Manager, in consultation with the General Manager and Chief Financial Officer of Finance and Corporate Services, General Manager, Infrastructure & Water Services, and General Manager, Planning, Development and Building Services, to negotiate, execute and implement the terms and conditions of the Transfer Payment Agreements (TPA) for the Development Charge Reduction Program in a form satisfactory to the City Solicitor. The agreed to terms and conditions must reflect the funding strategy as described in this report, and any deviation that could have a financial impact on taxpayers would need to be approved by Council prior to final execution of the TPA.
4. Approve the creation of the Residential Development Charge Reduction Grant, as described in this report
   • Reduce the current development charge rates for residential development set out in Document 2 by 54 per cent
   • Apply the reduction retroactively to January 1, 2026, for residential developments that have paid residential development charges or received residential building permits on or after that date
   • Require residential developments to achieve occupancy by March 30, 2030, in order to receive the rate reduction
   • The application of the reduction is contingent on the execution of the Transfer Payment Agreement