On August 22, 2016, the Ontario Municipal Board approved a settlement that reduced the adopted Scarborough Subway Extension development charges rates by 10%. The adjusted development charges rates are effective as of August 24, 2016.
The City will be issuing development charges refunds as a result of the settlement. The period affected by the refund relates to building permits issued on or after August 1, 2015, being the date the bylaw amendment came into effect, and before August 24, 2016, being the date the Board order comes into effect. The refunds will be issued in September, 2016.