Rocky
Active Member
Hello all, I was reviewing these links and it based on this information I am assuming that they have a standard development charge already pre-determined for each type of residential dwelling - Is that correct or am i confusing things.
http://www.toronto.ca/finance/pdf/dc-pamphletapr2011.pdf
http://www.toronto.ca/finance/pdf/dev_charges_sched_feb_1_2013.pdf
I have my condo coming up for closing and am wondering for something that i purchased in 2008 - would the developmental charges that i would be subject to (my closing is not capped) be based on the latest 2011 developmental charges or would that be something that the builder started building the first phase as the website says
Timing of calculation and payment
Generally, development charges are calculated, payable and collected on the date an above grade building permit is issued.
source: http://www.toronto.ca/finance/dev_charges.htm
Please correct me if i am totally out to lunch.. I am wondering 10K per condo would be a considerable amount of development charge - isnt it ?
http://www.toronto.ca/finance/pdf/dc-pamphletapr2011.pdf
http://www.toronto.ca/finance/pdf/dev_charges_sched_feb_1_2013.pdf
I have my condo coming up for closing and am wondering for something that i purchased in 2008 - would the developmental charges that i would be subject to (my closing is not capped) be based on the latest 2011 developmental charges or would that be something that the builder started building the first phase as the website says
Timing of calculation and payment
Generally, development charges are calculated, payable and collected on the date an above grade building permit is issued.
source: http://www.toronto.ca/finance/dev_charges.htm
Please correct me if i am totally out to lunch.. I am wondering 10K per condo would be a considerable amount of development charge - isnt it ?