On February 18, 2020, the Province introduced the much anticipated Bill 171, An Act to enact the Building Transit Faster Act, 2020. The purpose of the Act is to expedite the delivery of the four priority transit projects for the Greater Toronto Area, namely:
1. The Ontario Line
2. The Scarborough Subway Extension
3. The Yonge North Subway Extension
4. The Eglinton Crosstown West Extension
Landowners with property located on or within 30 metres of lands designated as “transit corridor land,” being land that is or may be required for one of the four priority transit projects, should review the Bill carefully as it may impact development approvals, timing and compensation. As designated transit corridor land will overlap with lands where development is encouraged by applicable provincial and municipal planning policies, the Act’s requirements will need to be factored into any plans for transit-oriented development.
Key provisions of the Bill are outlined below.
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