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York Region 2023 Mid-Year Development Activity Summary

The mid-year 2023 Development Activity Report summarizes the number of new residential applications and associated proposed residential units received, together with the total number of residential units registered.

Key Points:

  • As of August 2023, the Region has an approved housing supply of an estimated 63,000 units.

  • The Region has a strong supply of residential inventory, well within Provincial requirements that a 3-to-7-year supply of draft approved and registered plans be maintained.

  • Development activity continues to remain strong, however associated Development Charges for infrastructure supporting growth has declined with the 20% discount imposed through Bill 23 being implemented.

  • In the first half of 2023, York Region received 222 new development applications for review, a 15% decrease over 2022 (262 development applications)

  • Accrued development charge collections decreased by 48% to $152,386,317 in the first half of 2023 from $291,624,215 in 2022, which was anticipated as a result of changes from Bill 23 as well as a slowdown in housing activity, due to current economic conditions

Richmond Hill 2023 Mid-Year Development Activity Summary

York Region 2023 Mid-Year Development Activity Summary



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