Vancouver builders wave red flag over soaring development fees

In an act of desperation, Metro Vancouver’s development community has embarked on a letter-writing campaign calling on the regional government to reconsider major fee hikes on new residential development.

The builders say that increased government fees for new home infrastructure, amid a bleak housing market, are in many cases making the delivery of new housing impossible. The growing pains of a record-setting federal immigration policy calling for around half-a-million new permanent residents over a three-year period, are being felt by the region’s developers and municipal governments. Who’s going to pay for the growth, they ask?