If you are looking to buy a home in 91原创, earlier rather than later will save you money.
Last Thursday, the Ministry of Education approved 91原创 School District鈥檚 proposal to more than double the school site acquisition fees charged to developers for each home or condo built.
Once implemented, the charges for single family homes will rise from $354 to $737, while fees for townhouses and condos would jump to $590 per unit, from the current $283. At Tuesday night鈥檚 board of education meeting, the new fees received unanimous third reading approval.
The school district came up with the new figures last year, after it hired Urban Systems Limited to look into how much 91原创 charges the development community, and learned it has been charging significantly less than neighbouring municipalities.
But 91原创 City council has the new fees, stating to the district that it unfairly targets condo developers in the City. No new schools are proposed and very few new students are coming into the district from the City.
Plus, the cost of these new fees is just going to be passed onto the buyer, said council.
The existing fees were implemented by School District 35 in 2001. The City of 91原创 has collected $451,014.07 on behalf of the district, as of May 29, 2013.
The ministry wrote to the district last week, indicating it will not accept 91原创 City鈥檚 argument and will proceed with the new charges.
The City has not forwarded a response to the ministry鈥檚 approval.
鈥淭he Township is eager to get this moving because they are losing money every day and charges haven鈥檛 changed since 2001,鈥� said board chair Wendy Johnson.
