More Homes Built Faster Act, 2022 Proposes Significant Changes to Legislation
"On October 25, 2022, Ontario’s Minister of Municipal Affairs introduced the much-anticipated Bill 23, More Homes Built Faster Act, 2022 (“Bill 23”) for first reading. As of October 26, 2022, the bill was brought forward for a second reading.
Bill 23 is intended to support Ontario’s Housing Supply Action Plan, with a stated aim of increasing housing supply in the Province. The bill proposes to introduce various amendments to multiple statutes including:1
1. City of Toronto Act, 2006/Municipal Act, 2001
2. Conservation Authorities Act
3. Development Charges Act, 1997
5. Ontario Land Tribunal Act, 2021
6. Planning Act
Bill 23 will be subject to committee review and further readings by the legislature and may be amended through that process. However, many of these proposed legislative changes are highly consequential, and will be of great interest to the development community, municipalities and landowners. Highlights from Bill 23 are discussed below."
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