BILD: BILD applauds the City of Mississauga for reducing development charges and other measures to increase new housing construction

Toronto, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Greater Toronto Area, January 29, 2025 - The Building Industry and Land Development Association (BILD) applauds Mayor Parrish, City Council, and Staff for taking bold action to foster new home construction in Mississauga. By passing today's Mayor's Housing Task Force Motion, the City of Mississauga has committed to significantly reducing municipally added costs on new homes, helping to address the 'cost to build crisis' that is paralyzing new home construction in the region, spurring the addition of new housing and commercial spaces, and helping address affordability."Mayor Carolyn Parrish and the City of Mississauga, through the Mayor's Housing Taskforce, have clearly demonstrated an understanding of the challenges of building new homes in the Greater Toronto Area (GTA), and the leadership to drive that understanding to meaningful action," said David Wilkes, President and CEO of BILD. "All across the GTA new home construction is stalling due to financial viability challenges driven by high construction costs, inflation, financing cost ...Full story available on Benzinga.com