A City of Vancouver report going to Council next week seeks approval for the annual inflationary rate adjustment to DCL’s and CAC’s.
The target DCL and CAC rates are adjusted annually to keep pace with changes in property values and construction costs.
The proposed adjustment for 2022 is a increase of 1.2%. The increase returns to an inflationary trend after the pandemic forced a decrease of 0.8% for 2021.
Here are the new proposed rates:
The new target rates will become effective September 2021.