St. Thomas will cut development charges to support more homebuilding

St. Thomas plans to lower development charges for three years as part of a deal tied to up to $19.6 million in housing-enabling infrastructure funding.

• Charge reductions: 30% for single-detached homes and multi-unit housing; 50% for other unit types.
• Dates: March 30, 2026, to March 31, 2029.
• Infrastructure: Funding would support the design and construction of a new wastewater treatment facility.
• Estimated impact: The city says the reductions and infrastructure investment could unlock 6,196 homes. The charge cuts are estimated to reduce construction costs by up to $5,961 per home.

The funding depends on required government agreements, project reviews and approvals. Municipalities must contribute at least 10% of project costs.