The governments of Canada and Ontario announced on 9 November that Peterborough will receive up to C$39.9 million through the Development Charge Reduction Program. The funding recognises the city’s commitment to halve development charges on residential projects from 30 March 2026 to 31 March 2029.
CanadaThe governments say the funding will support housing and community infrastructure. The announcement sets a funding ceiling and describes the charge reduction. Individual construction packages and delivery dates are still matters for project-level decisions.
Why it matters
Development charges are one cost in the feasibility of new housing. Cutting them while providing separate infrastructure funding changes the cost and funding picture for developers and the city. Contractors and consultants will need project-level information to see which works reach procurement and when.
Government of Canada’s 9 November announcement
Featured photograph. Peterborough, Ontario, viewed from the air in 2025. Photo: Canmenwalker (CC BY 4.0).
