Published by City of Brampton under Parklanddedicationbylaw
The City of Brampton's notice of the 2017 land values used in calculating cash-in-lieu of parkland under Parkland Dedication By-law 283-2013, effective August 2017. Numbered clauses describe how the city-wide rates apply to development under sections 51.1 and 53 of the Planning Act, how section 42 development is valued site-specifically, and a high density rate of $4,025 per unit or ten per cent of land value, whichever is greater. Table 1 lists per-acre values appraised by Avison Young, topping out at $2,250,000 for apartment land.
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