Absolutely.
This is the second round of data updates on development charges that CMHC began in December. Every time we do an update, we try to give a new perspective, since the data is new.
In December, we strictly used the calibration or comparison potential. This time around, we tried to assess different scenarios for reducing or even eliminating development charges. We have noticed that it doesn't have the same impact in all cities. Where development charges are particularly high and financial conditions are particularly tight, a significant reduction or elimination of development charges would have a major impact on project viability. We're talking about cities such as Toronto and Vancouver, where there would be an increase of around 10% in viable projects and a significant increase in housing starts. For example, if development charges were eliminated in Toronto, a third or a half of the supply deficit would now be filled in that market, as we estimated in our June 2025 report.