Capped Development Charge

Capped development charges are an arrangement where you and the developer agree on a fixed price for certain fees, which is included in your Purchase Agreement when you buy a property. This fixed price ensures that, even if the city raises the development charges in the time between your purchase and when the condo project gets its building permit, usually a span of three to four years, you won’t have to pay any extra. This agreement provides financial certainty and protection against unexpected cost increases.We engage with builders daily to handle negotiations on behalf of our clients regarding these matters.