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Council approves by-laws that allow construction of new homes to begin at Lakeview Village development
On May 1, 2024, City Council approved a by-law to authorize a subdivision agreement between the City of Mississauga and Lakeview Community Partners Ltd. (LCPL), which allows LCPL to begin the construction of new homes at the 177-acre Lakeview Village development.
The 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
- 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.
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.
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.
