More Homes Built Faster,2022 Act Pt.2

Further to our 8 November article on this topic, the More Homes Built Faster Act (Bill 23) received Royal Assent on to 28 November 2022 and is now largely in force. It is intended to increase housing supply and affordable housing options for Ontarians by getting 1.5 million homes built over the next 10 years. It boldly does so in a number of very significant and controversial ways.

The highlights of the approved form of Bill 23 include:

Development Charges Act, 1997

Bill 23 creates a number of new exemptions from development charges as follows:

1. the greater of 1 residential unit or 1% of existing residential units in a building containing 4+ residential units;
2. up to 3 residential units in a new detached house, semi-detached house or rowhouse;