Mississauga takes a big step forward on building housing at Lakeview Village

The City of Mississauga and Lakeview Community Partners Ltd. (LCPL) are moving forward with agreements that will allow the construction of new homes to begin at the 177-acre Lakeview Village development – a significant step towards realizing Mississauga’s housing targets.

Today, City Council approved a by-law to authorize a subdivision agreement which will enable LCPL to get shovels in the ground on the first 8,050 units on the site. This agreement, supported by the Ministry of Municipal Affairs and Housing, ensures that LCPL meets the City’s parkland requirements, completes future transportation studies and commits to necessary traffic improvements, completes odour and noise mitigation measures, sets aside land for a Peel District School Board school site and provides a mix of housing units of which a minimum of five per cent are affordable units.

Council also approved a by-law to execute a community benefits agreement with LCPL. Under the agreement, LCPL will provide the City with a $14 million contribution that will be used for the Lakeview Pier and other cultural amenities.

“This is a significant milestone. The City has been working closely with the Office of the Provincial Land and Development Facilitator and LCPL for almost a year to ensure the increased density assigned for Lakeview Village will be built in an appropriate way,” said Acting Mayor Matt Mahoney. “We remain committed to attracting a new generation to live and work in Mississauga by doing what we can to support the transformation of this area into a liveable, walkable, waterfront community connected by parks, open spaces, cultural facilities and an innovative employment hub.”

Through a provincial facilitator, the City and LCPL, the site’s developer, have been working to finalize a number of agreements in order to proceed with the development. These agreements include important requirements needed to accommodate up to 16,000 residential units on the site in the years ahead. The site was originally zoned for 8,050 units, but an enhanced Ministerial Zoning Order (MZO) issued in May 2023, doubled that number to 16,000.

“We are pleased to be moving forward with the development of Lakeview Village so that we can get homes built and welcome new residents to one of Mississauga’s most important waterfront sites,” said Shari Lichterman, City Manager and CAO. “We’re pleased that LCPL has committed to ensuring the area has the schools, transportation infrastructure, affordable housing, parks and cultural facilities the community needs to thrive, and will be making significant investment into the community to support increased density on the site.”

The City will continue to work with LCPL and the provincial facilitator to finalize the remaining agreements for development beyond 8,050 units by October 1, 2024.

Background

• Lakeview Village is a 177-acre site on Mississauga’s waterfront, formerly the Lakeview Power Generating Station.
• Planning for the area began in 2010 when the City launched Inspiration Lakeview to create a shared vision for the future of the site.
• The Lakeview Waterfront Master Plan was endorsed by Council in November 2019 and Council endorsed the draft plan of subdivision, rezoning and Official Plan Amendment applications in November 2021.
• On May 12, 2023, the Government of Ontario issued an enhanced Ministerial Zoning Order to increase the density at Lakeview Village from 8,050 units to 16,000 units.
• On May 12, 2023, a Provincial Land Development Facilitator was assigned by the Minister of Municipal Affairs and Housing to work with the City and LCPL to facilitate appropriate and timely development of Lakeview Village.
• On April 10, 2024, the Minister of Municipal Affairs and Housing issued an Order under section 49.2 of the Planning Act outlining the agreements required for the appropriate development of the site.
• The 16,000 units proposed at Lakeview Village are part of Growing Mississauga the City’s Action Plan for New Housing.

Tags

• Housing
• Planning and Building