Surrey Proposes 4.3% Increase to Development Cost Charges

The City of Surrey is proposing to increase its Development Cost Charges (DCCs) by 4.3% in 2024 to address inflationary cost increases for capital construction. The proposed changes will be implemented through the 2024 DCC Bylaw, which is currently under review and awaiting provincial approval.

• The DCC Bylaw will fund the growth component of the 10-Year Servicing Plan for roads, water, sewer, drainage, and parkland acquisition.
• The City is eliminating the West Clayton premium DCC as the City-wide DCC rates are sufficient to fund servicing in that area.
• The DCC Bylaw is being amended to provide exemptions for rental housing developments operated by "public housing bodies" to address housing affordability.
• The proposed DCC exemption is part of the City's Housing Accelerator Fund agreement with the Canada Mortgage and Housing Corporation.

• February 26, 2024: Council to consider authorizing the City Clerk to bring forward the 2024 DCC Bylaw for First, Second and Third Reading.
• Upon Council approval, the City will submit the DCC Bylaw to the Provincial Inspector of Municipalities for approval.
• After provincial approval, the City Clerk will bring forward the 2024 DCC Bylaw for Final Adoption.