PROPOSED AMENDMENT TO THE DEVELOPMENT COST CHARGES IMPOSITION BYLAW

The phasing option is not recommended for the cunent major DCC update on the basis that cost increases have been significant in the past few years where phasing will result in the City's DCC rates continuing to trail further behind. As shown in Table 6, the cost of inflation (using Vancouver Building Construction Price Index as a reference) has been escalating at a rate that is far in excess of the City's actual rate of DCC increases for the past five years. T bl 6 B ild" C I P. I d dC" ' DCC (2018 2022) Year Building Construction Price Index City's DCC Rates Annual Increase Annual Increase 2018 7.0% 2.2% 2019 4.2% 2.9% 2020 3.5% 2021 9.7% 0.8% 2022 14.2% Staff recommend that the proposed DCC rates for the cunent major DCC update be rolled out in full without phasing upon adoption in order for the City to catch up with the costs of inflation in delivering the capital infrastructure required by growth.

非商业公共资料研究与事实报道；仅展示核对事实所需的已评估摘录及本站中文说明。版权归原作者或发布机构；不表示来源机构认可本站。原文、来源及使用条款见链接。 来源使用条款 ↗