What is the regulation going to cost developers?
The developer’s costs for operating and maintaining systems, monitoring effluent quality and the environment associated with the discharge, and reporting data to the ministry under the new regulation are expected to be similar to the existing costs under the current permit system. New predicted costs included conducting environmental impact studies and contacting other approving agencies. In some cases, if a residential development is not in partnership with local government or not covered by an approved assurance plan, the regulation requires the developer to post financial security. The security is approximately $1600/unit, a cost that will likely be passed on to the homebuyer.
