Where a rezoning or even web site organize approval is accepted, the calculation will stay frosted for two years. The substitute price has been actually lessened to one hectare for each and every 600 internet residential units if property is taken, and also one hectare for each and every 1,000 web residential devices for cash-in-lieu of park, and undergoes a hat of 10 per-cent of the land for lands 5 hectares or less, and also 15 percent of the property for lands higher than 5 hectares. What is Bill 23?.
The list of such districts may be actually increased through policy. On the time that provisions identifying "upper-tier communities without preparing obligations" entered into result, any portion of the upper-tier municipality's official strategy which applies to a lower-tier town is actually deemed to constitute a formal strategy of the lower-tier municipality until the lower-tier town withdraws or amends it.
More from Residential unit, Day subsection
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
All Categories
Navigation
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