Where a rezoning or site intend commendation is actually accepted, the estimation will stay frozen for two years. The substitute cost has actually been actually decreased to one hectare for each 600 web property units if land is taken, as well as one hectare for every 1,000 internet residential systems for cash-in-lieu of parkland, and also goes through a hat of 10 every cent of the land for lands 5 hectares or less, and also 15 per-cent of the land for lands higher than five hectares. Bill 23 Ottawa.
The list of such municipalities may be extended by policy. On the time that regulations determining "upper-tier districts without preparing duties" entered effect, any kind of portion of the upper-tier community's formal program which relates to a lower-tier town is regarded add up to a main program of the lower-tier community until the lower-tier town withdraws or even changes 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