I'm hoping someone knows more about this than me.
http://www.town.milton.on.ca/plandev/Phase_1_Status_Draft_Plans.pdf shows a map of "Phase 1 Bristol Survey" for Milton which is where Mattamy has/is building their homes.
The Town of Milton council has been talking about how the cost of growth in Milton will put a strain on current infrastructure. There was an article in the Milton Champion newspaper on May 28th talking about how Property Taxes will be increasing slightly. There was also some discussion on and off about increasing property development fees. But now on June 3rd, there's a new report from Milton Council talking about how they just negotiated a financial agreement with the Phase 1b landowners to increase development charges of single detached homes to be about $8,067.00
Here's the link to the report...
http://www.milton.ca/execserv/rpts2004/CS-054-04%20Bristol%20Survey-Phase1BFinancial%20Agreement.pdf
All the Mattamy Milton homes now and future are in the Bristol Survey Phase 1. Question being is the new releases of singles that will hopefully occur this month, have these already had building permits issued on Phase 1-A ?? Or are they Phase 1-B ?? If B, then Mattamy's going to be charged an extra $8067 per single detached house?!?! If so you can be darn sure that cost will be passed on to the price of the house (i.e. to buyers). Mattamy was already going to increase the prices slightly in the new releases, so if my assumptions are correct. This means an extra $8k or so in addition to whatever price increase mattamy had already planned to do?
Anyone else been following this in the local milton newspapers? Is what I'm reading correct? Are my conclusions valid or am I missing something?
http://www.town.milton.on.ca/plandev/Phase_1_Status_Draft_Plans.pdf shows a map of "Phase 1 Bristol Survey" for Milton which is where Mattamy has/is building their homes.
The Town of Milton council has been talking about how the cost of growth in Milton will put a strain on current infrastructure. There was an article in the Milton Champion newspaper on May 28th talking about how Property Taxes will be increasing slightly. There was also some discussion on and off about increasing property development fees. But now on June 3rd, there's a new report from Milton Council talking about how they just negotiated a financial agreement with the Phase 1b landowners to increase development charges of single detached homes to be about $8,067.00
Here's the link to the report...
http://www.milton.ca/execserv/rpts2004/CS-054-04%20Bristol%20Survey-Phase1BFinancial%20Agreement.pdf
All the Mattamy Milton homes now and future are in the Bristol Survey Phase 1. Question being is the new releases of singles that will hopefully occur this month, have these already had building permits issued on Phase 1-A ?? Or are they Phase 1-B ?? If B, then Mattamy's going to be charged an extra $8067 per single detached house?!?! If so you can be darn sure that cost will be passed on to the price of the house (i.e. to buyers). Mattamy was already going to increase the prices slightly in the new releases, so if my assumptions are correct. This means an extra $8k or so in addition to whatever price increase mattamy had already planned to do?
Anyone else been following this in the local milton newspapers? Is what I'm reading correct? Are my conclusions valid or am I missing something?
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