Where a rezoning or website consider commendation is authorized, the computation will continue to be frozen for pair of years. The substitute price has been actually reduced to one hectare for each 600 net property systems if land is taken, as well as one hectare for each and every 1,000 web home units for cash-in-lieu of parkland, and also is topic to a hat of 10 per-cent of the property for properties five hectares or a lot less, as well as 15 per-cent of the land for lands more than five hectares. Bill 23 Ottawa.
The listing of such municipalities may be broadened by policy. On the day that regulations recognizing "upper-tier districts without intending accountabilities" entered effect, any portion of the upper-tier district's official plan which relates to a lower-tier town is deemed add up to an official strategy of the lower-tier community until the lower-tier district 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