B.C. and Ottawa discuss cutting developer fees to boost housing construction

As someone who’s spent over 15 years guiding clients through the Fraser Valley and Greater Vancouver markets, I’m always watching for shifts that could affect your next move. There’s a new conversation underway between B.C. and Ottawa: they’re looking at reducing development cost charges by up to 50% in high-growth areas. With a substantial $3.2 billion investment planned over the next decade, the focus is on supporting multi-unit housing and turning more than 2,200 unsold condos into affordable options. Changes like these can open new doors for buyers and create opportunities for sellers. If you’re thinking about your next step—whether it’s a first purchase, an investment, or a lifestyle change—staying informed is key in a market that’s always evolving.

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