At their regular meeting on September 8th, Council endorsed Option 2 as recommended in the staff report.  

Option 2 - Prioritized Implementation of DCC Update (Recommended) 

This option takes a prioritization approach by deferring the implementation of the new categories of DCC under Bill 46, delaying projects of lower priority, and adjusting the costs of the DCC programs by only the consumer price index adjustment of 2% to 3% per year. With the deferred implementation of the new DCC categories, any growth-related portion of the capital costs of eligible facilities will continue to be borne by existing population (through municipal fees or reserves) until the new DCC rates are established in the future. The use of general inflation to adjust the program costs, while it can help keep the DCC rates at a level that is in line with general inflation, could lead to the shifting of the costs of growth to existing population or future developments. 

Estimated DCC rates: 

Table 4 is intended to provide an estimate of the potential DCC rate impact to each development type based on the recommended DCC program. The final proposed DCC rates and unit of measurement may still be subject to change. Staff will obtain feedback from interested parties and the development industry in areas such as DCC administration and technical definitions ( e.g. unit of measurement, building typology of each development type, etc.). Once the relevant feedback from the public has been obtained, staff will present a future staff report with the amendment DCC Imposition Bylaw for Council's consideration. 

Estimated ACC rates:  
 

In-Stream Protection 

In-stream and precursor applications are granted a 12-month exemption from the new rates as long as the applicant obtains their building permit within the 12-month period. Targeted consultation with all in-stream applicants will be undertaken as part of the consultation process. 

Additional information can be found in the  full report by City staff.        

July 18th, 2024

As mentioned in previous updates, on July 8th, Council adopted the proposed annual inflationary update of the City’s Development Cost Charges (DCCs) with an increase of 4.3%. The updated DCCs will come into effect on July 24th, 2024 (in-stream protection will apply).  

The updated DCC rates are as follows: 

More information can be found in the full staff report and the City's correspondence to UDI. 

June 6th, 2024 

The City of Richmond has proposed an annual inflationary increase of 4.3% to its City-Wide Development Cost Charge (DCC) rates, with an anticipated effective date of July 24th, 2024 (in-stream protection will apply). 

Feedback received from the public will be presented to Council for consideration upon second and third readings prior to bylaw adoption. Comments can be submitted through dcc@richmond.ca by June 18th, 2024.

More information can be found in the full staff report and the City's correspondence to UDI.