A substantial piece of the Greenbelt sold for $80-million, weeks before government publicly revealed its plans
john sopinski and murat yükselir/the globe and mail, Source: GOVERNMENT OF ONTARIOThe Greenbelt is about 2 million acres of protected land, established in 2005 by then-premier Dalton McGuinty’s Liberal government, stretching across the Greater Toronto and Niagara areas. It was designed to protect farmland and environmental habitat while encouraging denser development by limiting suburban sprawl.
Critics say that these measures undermine local democracy, threaten the environment and will deprive cash-strapped cities of hundreds of millions of dollars – without necessarily resulting in more homes being built. The property had previously traded hands in 2000 – before the Greenbelt protections were put in place – for about $9.3-million.Almost immediately after the government’s announcement, the local municipality threw its support behind allowing the land to be carved out of the Greenbelt so it could be used for a new hospital.
Another high-value sale occurred in the spring of 2021, only five months after Mr. Ford’s most recent promise not to allow Greenbelt development. The property in Vaughan – which included protected land – sold for $50-million.
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