WINNIPEG – The theory that growth fees will kill development in Winnipeg doesn’t hold much water, according to the Calgary Homebuilders Association.
CEO Guy Huntingford admits some developers left Calgary when the city started charging growth fees but others have moved in.
“Developers are still coming to the city of Calgary from other municipalities across the country so it’s kind of a mixed bag,” says Huntingford. “There are still many developers that are doing extremely well inside the city.”
Mayor Brian Bowman announced late last week that Winnipeg’s growth fee plan, which still has to be approved by council, will be phased in over a couple of years.
If approved, growth fees will be cut in half and only apply to residential developments for the first two years, starting on May 1, 2017.