BRAMPTON, ON (June 27, 2025) – In a landmark decision yesterday, Peel Regional Council approved a motion that marks the most significant change in municipal infrastructure funding in decades. With this bold action, Peel is taking concrete steps toward a new model that supports infrastructure delivery while directly addressing the growing housing crisis.
Amid rising construction costs, economic uncertainty, and unprecedented housing demand, this motion introduces an innovative approach to help get homes built faster — while relieving the financial strain on both municipalities and homebuyers.
Key elements of the approved motion include:
- Deferring development charges without interest until the first occupancy permit is issued — reducing upfront costs for builders and improving project viability.
- Temporarily cutting development charges by 50% for new residential units, starting July 10, 2025, until November 13, 2026 — funded by grants-in-lieu in the short term, until the Provincial and Federal Governments provide funding.
- Collaborating with the Province on a proposed “Peel Utility Model” for funding infrastructure in a more sustainable, long-term way.
- Engaging with the development industry, including BILD, to ensure cost savings help improve affordability for future homeowners and renters.
- Applying for the Canada Housing Infrastructure Fund – Municipal Direct Stream, to request grants used to help offset the cost of these initiatives and protect Peel services.
If a financial agreement is not reached with the province by October 17, 2025, the development charge reduction will automatically terminate. Regional Council will re-evaluate the development charge reduction offered with the option to extend with a simple majority vote.