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City News

Toronto condo developers snap up permits before fees rise

By David Topping
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—The number of building permits that condo developers got in January 2014 alone, before fees jumped on February 1. (The most permits issued in any of the previous six months was 11.) As the Globe reported on Thursday, the price increase, when it’s done being rolled out, is “significant—fees on a two-bedroom condo unit, for example, are set to rise about 70 per cent…to $21,203 from $12,412.”

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