New CAC Guide: Climate Change?
Community amenity contributions (CACs) are a prickly topic for developers. Over the past 10 or 15 years, British Columbia municipalities have increased reliance on these payments for funding public amenities, amidst continuing criticism from developers over the size of, and arbitrary process for determining and extracting, CACs.
Municipalities like Vancouver have two types of charges that they require developers to pay:
development cost levies, which are clearly set out in legislation and which allow municipalities to collect money for infrastructure upgrades, transportation and affordable housing CACs, which are controversial charges municipalities can, but are not required to...
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