IMG_5808 Flickr Photo by wyliepoon The price tag of a new home in the GTA is the source of much angst among house hunters across the city.

And according to a new report released by the Building Industry and Land Development Association (BILD), on average, government fees and charges represent more than one-fifth of the cost of new home in the GTA.

It’s estimated that in 2012 alone, the industry and new homebuyers contributed $1 billion toward the construction of infrastructure such as sewers, roads and transit in the GTA through development charges.

The study zeroed in on six municipalities across the GTA: Oakville, City of Brampton, City of Markham, Town of Bradford-West Gwillimbury, Town of Ajax and the City of Toronto.

Here are some of the findings:

  • The total government fees and charges amount to an average of $118,400 on a new single-detached home, which is 23 per cent of the overall cost.
  • For a new high-rise home, the fees and charges amount to $64,400 or 20 per cent of the cost.
  • Since 2004, development charges have climbed from 143 per cent to 357 per cent.
  • Lowest to largest dollar amount for charges: $86,188 in the Town of Bradford West Gwillimbury to $149,077 in the City of Markham.
  • Lowest total for municipalities studied to highest: Bradford West Gwillimbury’s fees and charges represent 21 per cent of the cost of a new low-rise home, and Markham’s fees and charges represent 25 per cent of the cost of a new low-rise home.

For high-rises properties:

  • The charges range from $47,899 in the Town of Ajax to $80,472 in Town of Oakville.
  • Highest totals for municipalities studied: Town of Oakville at $80,472, which represents 21 per cent of the cost of a new high-rise home.
  • The lowest totals for municipalities studied: City of Toronto at $67,252 which represents 16 per cent of the cost of a new high-rise home.

For more details check out the table below…

BILD Government Fees GTA

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