Regulation - LGIC
O. Reg. 122/15 - General (Housing Services Act, 2011)
Regulation Number(s):
O. Reg. 367/11 – General (Housing Services Act, 2011)
O. Reg. 122/15 – General (Housing Services Act, 2011)
O. Reg. 122/15 – General (Housing Services Act, 2011)
Instrument Type:
Regulation - LGIC
Bill or Act:
Housing Services Act, 2011
Summary of Decision:
O. Reg. 122/15 - General (Housing Services Act, 2011): O. Reg. 367/11 - General (Housing Services Act, 2011) made under the Housing Services Act, 2011 was amended by O. Reg. 122/15 - General (Housing Services Act, 2011).
O. Reg. 122/15 - General (Housing Services Act, 2011) exempts two transfers from the application of the Land Transfer Tax Act. The first transfer is from Her Majesty the Queen in right of Ontario, as represented by the Minister of Economic Development, Employment and Infrastructure ("HMQ") to Fred Victor Centre and the second transfer is from HMQ to Wigwamen Incorporated.
O. Reg. 122/15 - General (Housing Services Act, 2011) comes into force on
January 1, 2016.
O. Reg. 122/15 - General (Housing Services Act, 2011) exempts two transfers from the application of the Land Transfer Tax Act. The first transfer is from Her Majesty the Queen in right of Ontario, as represented by the Minister of Economic Development, Employment and Infrastructure ("HMQ") to Fred Victor Centre and the second transfer is from HMQ to Wigwamen Incorporated.
O. Reg. 122/15 - General (Housing Services Act, 2011) comes into force on
January 1, 2016.
Further Information:
Housing Services Act, 2011
O. Reg. 367/11 – General (Housing Services Act, 2011)
O. Reg. 122/15 – General (Housing Services Act, 2011)
Proposal Number:
15-MAH005
Posting Date:
Summary of Proposal:
The Ministry of Municipal Affairs and Housing (MMAH) proposed to amend O. Reg. 367/11 - General (Housing Services Act, 2011) made under the Housing Services Act, 2011 in order to exempt two transfers from the application of the Land Transfer Tax Act.
The regulation is necessary for the sale and transfer of two multi-residential buildings developed on Crown land in the West Donlands neighbourhood, Toronto, as part of the Athletes' Village for the 2015 Pan/Parapan American Games. Following the Games, each building will be owned and operated as Affordable Rental Housing, providing a total of 253 Affordable Rental Housing units: 145 units in one building and 108 units in a second building.
The regulation is necessary for the sale and transfer of two multi-residential buildings developed on Crown land in the West Donlands neighbourhood, Toronto, as part of the Athletes' Village for the 2015 Pan/Parapan American Games. Following the Games, each building will be owned and operated as Affordable Rental Housing, providing a total of 253 Affordable Rental Housing units: 145 units in one building and 108 units in a second building.
Contact Address:
Ravi Bhusia
Manager, Housing Programs Branch
Ministry of Municipal Affairs and Housing
14th Flr
777 Bay St
Toronto ON
M5G 2E5
Manager, Housing Programs Branch
Ministry of Municipal Affairs and Housing
14th Flr
777 Bay St
Toronto ON
M5G 2E5
Effective Date:
January 1, 2016
Decision:
Approved