Building Permit Fee Annual Financial Statement for 2025
This report provides an annual overview of building permit collections for 2025 (For the Period Jan. 1 to Dec. 31, 2025), alongside the direct and indirect costs. It ensures transparency in the financial and operational aspects of the administration and enforcement of the Building Code Act and Ontario Building Code.
Building permit services are based on a “Fee for Service” model that is not supported by municipal taxes and is in full compliance with legislation. Revenues generated by building permits and other related administration fees are the sole sources of funding for the Building Department. The report is in line with the Building Code Act, Subsection 7 (4) – Report on fees and Ontario Building Code, Article 1.9.1.1. of Division C – Annual report.
| Category | Description | 2025 Actuals |
|---|---|---|
| Revenues | Building Permit Revenues | $4,541,286 |
| Expenses | Direct Costs - Direct cost to administer and enforce the Building Code Act, including the review of permit applications and inspection of construction | $(5,415,878) |
| Indirect Costs - Indirect cost to administer and enforce the Building Code Act, including support and overhead costs | $(962,963) | |
| Total Expenses | $(6,378,841) | |
| Net Position | Surplus/(Deficit) | $(1,837,555) |
| Building Permit Stabilization Reserve Fund | Opening Balance | $4,246,430 |
| Draw from reserve fund | $(1,837,555) | |
| Transfer to Capital | $0 | |
| 2025 Interest Revenue | $119,323 | |
| Closing Balance of the Reserve Fund | $2,528,198 |