Top 5 Items: Planning Regime Shake-up: What Bill 23 Means For You

Published Jan 31, 23
1 min read

For Real Estate: Bill 23 Summary And Implications

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Where a rezoning or even internet site prepare commendation is authorized, the computation will definitely continue to be frosted for 2 years. The alternative price has actually been actually reduced to one hectare for each and every 600 net domestic systems if property is taken, and one hectare for each and every 1,000 net non commercial devices for cash-in-lieu of park, as well as undergoes a cap of 10 per-cent of the land for properties 5 hectares or even a lot less, and 15 per-cent of the property for properties higher than 5 hectares. Bill 23 Ottawa.

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The list of such towns may be actually expanded by guideline. On the date that stipulations identifying "upper-tier communities without preparing accountabilities" come right into result, any type of part of the upper-tier town's main program which puts on a lower-tier municipality is regarded add up to a formal program of the lower-tier district till the lower-tier town withdraws or even changes it.