Where a rezoning or site plan approval is actually permitted, the calculation will certainly remain frozen for pair of years. The different fee has actually been actually lowered to one hectare for every 600 internet residential systems if land is taken, and one hectare for each and every 1,000 net home systems for cash-in-lieu of parkland, as well as is actually topic to a cap of 10 percent of the land for lands five hectares or even a lot less, as well as 15 per penny of the property for properties greater than 5 hectares. Bill 23 Ottawa.
The list of such towns might be extended through law. On the time that stipulations determining "upper-tier towns without intending obligations" arrived in to impact, any part of the upper-tier community's main program which puts on a lower-tier district is regarded as add up to an official planning of the lower-tier municipality until the lower-tier community revokes or amends it.
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Latest Posts
For Investors: Bill 23: The More Homes Built Faster Act, 2022, And ...
A Full Comparison: Planning Regime Shake-up: What Bill 23 Means For You
For Real Estate: Bill 23: A Guide To Ontario's New Housing Legislation