Posts Tagged economy

Transit Taxes Set to Rise

Durham Region is proposing a 20%-30% increase to their transit development charges beginning Jan. 1, 2013.

A single detached home will jump from the current rate of $401 to $515, and a low density multiple will be increased from $336 to $414. A two-bedroom apartment will change from $232 to $299, and a one-bedroom from $149 to $194.

Non-Residential developments will also be increased from $0.25/sq. ft to $0.31/sq. ft.

Gary Asselin, economic analyst for Durham Region’s finance department, said that the charges are in line with other regions of similar size.

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