Letter
City of Abbotsford - Phasing-in the Proposed 2024 Development Cost Charges (DCC) Bylaw Increases
UDI Lower Mainland submission to the City of Abbotsford.
In late 2024, the City of Abbotsford proposed new Development Cost Charge (DCC) rates for 2025. While the development community acknowledges the need for periodic updates, the increase adds to rising construction costs and broader affordability challenges.
2024-12-12-UDI-Letter-City-of-Abbotsford-Phasing-in-the-Proposed-2024-Development-Cost-Charges.pdf / 258.21 KB
Published Dec 12, 2024
“[Example pull quote from the letter] The adage that ‘growth pays for growth’ is no longer sustainable and we must emphatically emphasize that DCC increases are challenging as the costs associated with development are skyrocketing and have an exponential impact on the viability of a project.”
Tagged:
- Project Financing
- Development Cost Charges / Development Cost Levies
- Letter
- Jurisdiction Fraser Valley
- Jurisdiction City of Abbotsford
2024-12-12-UDI-Letter-City-of-Abbotsford-Phasing-in-the-Proposed-2024-Development-Cost-Charges.pdf / 258.21 KB
