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economist sunjsuntribune news saturday may 31 2003 hike home prices 1400 by simone joseph staff writer within the next month the cost of buying a new home in york region could increase as much as 1400 because of a development charge increase passed last week its going to put a burden on homebuyers we could see an increase in home prices said paula tenuta the greater toronto home builders association municipal govern ment advisor regionalcouncil has met with development industry rep resentatives to discuss an increase in charges to pay for expected growth and increased demand for services such as roads and water much of the increase will help pay for yorks ambitious transit plans it had to approve the new charges by june 23 when the current bylaw expires the new bylaw will be phased in oyer four years by the fourth year the development charge rate forj single and semi detached homes will be 13i51 a 20percent increase from the current 10500 before the new bylaw was passed york regionalready had the highest residential develop- merit charge compared to halton 7539 durham 10335 and peel 6035 as of april 1 in a comparison of charges for retail development the repon ranked second highest bewhdhaltori the region had been consid ering a bylaw that would have hiked retail charges by 1074 pec square foot within five years but after retail developers spoke out against the increase regional councillors decided last week to pass only the first four years of the bylaw eliminating the largest increase in the final year- retail development charges will increase by 455 per square foot over four years under the new bylaw if a developer wants to build a 500000foot shopping mall the increase will cost about 23 mil lion more in development charges to build that mall four years from now than it does today newmarket councillor tony van bynen said he is concerned the new bylaw will encourage developers to speed up their building projects to avoid higher development charges accelerated growth could lead to more traffic problems as v people pour into newly built big box stores mr van bynen said inserts tor saturday may 31 2003 bouclair sears anthony medland no one debvers results gke he do regal to find out more about how to kamals bombay reach your target maiicet and get chowpatty the same great response from your restaurant fryer distributions as these cus- tomers call us today irrvkmihvr jk ein selected areas only economist sul- citycarr financial khyeranna landscaping david khurana home hardware petsmart zehrs zehrs- insiders report grand toy the bay mm meats stouflville varley art gallery 9052948244 tribune thanks to the youth entrepreneurship program yep at job skills were finding success an angels touch home daycare jodydegi bounce promotions ryan bassels chantals dance academy newmarket lindsay chantal chretien crystal clear window cleaning steve griffin evolution v earth friendly goods adam chaplin nc construction cbjin breckenridge only organics cafe eatery angelo zachos natalie zammitrj a perfect niche beau neumeyer razors edge comics tommy gottesman the renovation boys eric baker shining stars home daycare denise dinnall you got dirt residential commercial cleaning services saul alvarez yep a 24 week program designed to provide youth 1629 years of age with the skills needed to be successful in selfemployment the yep is designed and delivered by job skills job skillsmarkham 4855 14 ave brimley 9059489622 wvvwjobskillsorg the youth entrepreneurship program at job skills i is funded by the government of canada gwmsl j the durham health and kftnessshow healthy living always a work in progress saturday may 31st 10am 6pm sunday june 1st 10am 4pm ajax community centre 75 centennial rd ajax everyone wecome xhibitors demonstrations prizes akers t f xjt f 5 m