MississaugaFees & ChargesDevelopment Charges
Development Charge Interest Rate Policy
Published by Region of Peel
This is the Region of Peel’s document, as linked from Mississauga’s website on 19 October 2026. It may have changed since: check the current version at the source. Legal notice
- Type
- Guide
- Published by
- Region of Peel
- Also called
- Development Charges Interest Rate policy
- Form reference
- Development Charges Act, 1997
- For
- owner
- Signed by
- chief financial officer
- Building types
- All building types
- Pages
- 8
- Agencies
- The Regional Municipality of Peel · Finance Department, Financial Policy and Development Financing
- Instruments
- Development Charges Act, 1997 · Ontario Regulation 454/19 · Ontario Regulation 82/98 · The Regional Municipality of Peel Development Charges By-law No. 46-2015 · The Region of Peel DC Interest Rate By-law 21-2020
Overview
A corporate policy of the Regional Municipality of Peel, linked from Mississauga's projects subject to development charges page, setting the interest Peel applies under the Development Charges Act, 1997. It defines the DC freeze interest rate applied from a site plan or zoning by-law amendment application to the date the charge is payable, and the DC deferral interest rate applied to instalments for rental housing, institutional and non-profit housing development. Schedule A carries both rates: 5.5 per cent and zero per cent.
What it covers
- A. Purpose
- B. Scope
- C. Definitions
- D. Policy
- 1. General
- 2. Interest Rates to be Applied
- 3. Calculation of the Interest Charges and the Timing of Payment
- 4. Other Matters
- 5. Schedules
- 6. Effective Date
- E. Responsibilities
- F. References
- Schedule A – Development Charge Interest Rates
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