Item - 2023.PH8.17

Tracking Status

This item was considered by Planning and Housing Committee on November 30, 2023 and was adopted without amendment.

PH8.17 - MM2.6: Impact of Bill 23 on Insurance and Liability Issues

Decision Type:: ACTION

Status:: Adopted

Wards:: All

Committee Decision

The Planning and Housing Committee:

1. Received the report (November 14, 2023) from the Chief Financial Officer and Treasurer for information.

Origin

(November 14, 2023) Report from the Chief Financial Officer and Treasurer

Summary

At the December 14 and 15, 2022 meeting of City Council, Council requested the City Manager in consultation with the Toronto and Region Conservation Authority (“TRCA”) to solicit feedback from banks, insurance companies and mortgage brokers to report back on the potential of any insurance and liability issues that the City, the Toronto and Region Conservation Authority, tenants, homeowners may face from residential developments in previously Conservation Authority regulated areas that are approved by the City or the Province of Ontario.

This report has been prepared in response to the request of City Council.

Background Information

(November 14, 2023) Report from the Chief Financial Officer and Treasurer on MM2.6: Impact of Bill 23 on Insurance and Liability Issues
https://www.toronto.ca/legdocs/mmis/2023/ph/bgrd/backgroundfile-240823.pdf

Motions

Motion to Adopt Item moved by Councillor Gord Perks (Carried)