# Fees on homes

> A colleague of mine sent me this Bloomberg article today and said, "Here's an article about things you already know." The article cites a recent report by Altus Group that compared government-related fees on new housing across Canada and the U.S. What they discovered will not surprise any of you who are in the industry: Toronto has some of the highest government-imposed charges on new homes. For new condo apartments, the report found that government charges can add up to as much as C$124...

URL: https://paragraph.com/@brandondonnelly/fees-on-homes
Author: Brandon Donnelly
Published: September 18, 2019
Categories: altus-group, bild, bloomberg, boston, calgary, development, development-charges, economics, fees, housing, houston, impact-fees, miami, montreal, new-york, ottawa, san-francisco, taxes, toronto, vancouver

A colleague of mine sent me this Bloomberg article today and said, "Here's an article about things you already know." The article cites a recent report by Altus Group that compared government-related fees on new housing across Canada and the U.S. What they discovered will not surprise any of you who are in the industry: Toronto has some of the highest government-imposed charges on new homes.
For new condo apartments, the report found that government charges can add up to as much as C$124,582 per unit. That's about 50% higher than the average unit in the U.S. and about 30% higher than the average unit in Canada (see above chart for the list of cities). While all of us in the industry can appreciate this, I don't think most homeowners and tenants understand this. Hopefully they're reading this post.
Chart: Bloomberg