Mississauga extends development charges incentive program

City Council has approved a motion to extend the City’s development charges incentive program through December 31, 2027. The extension gives the development industry an additional year to take advantage of the incentives so they can continue planning and delivering much-needed housing for Mississauga families.

The program, which was launched in January 2025 and enhanced in February 2026, offers the following development charge reductions for residential properties:

• 50 percent for all residential unit types
• 100 percent for purpose-built apartment rental units
  • Applies to 1-bedroom plus den, 2-bedroom or 3-bedroom units
  • 25-year rental tenure agreement required

When the program launched, it included a November 13, 2026 deadline to pull building permits. Now, to be eligible for the incentives, developers have until December 31, 2027 to pull a building permit. These incentives are designed to help drive new housing construction while advancing overall housing affordability.

Today’s motion builds on the City’s ongoing efforts to get more homes built and make them more affordable in Mississauga. In January 2025, following the release of the Mayor’s Housing Task Force report, Mississauga became one of the first municipalities in Ontario to reduce and/or eliminate development charges for residential housing. For more information, visit Mississauga.ca/housing-taskforce.

Quote

“As a City, we’re leading development charge reforms to help reduce costs and make homes more affordable for Mississauga families. The incentives also help fuel the residential construction industry, one of Ontario’s major economic engines, supporting jobs and investment.” Mississauga Mayor Carolyn Parrish

Tags

• Housing
• Planning and Building