The Surrey city council voted to increase development cost charges (DCC) by 4.3% for 2024 to address inflationary costs for parkland acquisition, roads, sewer, and water infrastructure. The bylaw, upon third reading approval, will be sent to the provincial inspector for final approval before adoption. DCC rates are annually reviewed to support the city’s 10-year servicing plan. Drainage DCC rates remain unchanged, and the West Clayton premium DCC is eliminated due to adequate city-wide rates.
The proposed amendment broadens DCC exemptions for rental housing, aligning with the Local Government Act. Exempted housing must secure rental tenure for 60 years and be operated by public housing bodies, including BC Housing and CMHC. The amendment aims to address housing affordability by accommodating exemptions for public housing developments.
