In 2014, the provincial government passed legislation that will terminate all Land Use Contracts on June 30, 2024.
In this legislation, municipalities were also given the ability to terminate Land Use Contracts prior to 2024. On February 23, 2017, Victoria Council directed staff to initiate a process for early termination of Land Use Contracts found throughout the City (approximately 42 in total).
The benefits of undertaking this initiative at this time include:
- ensuring consistency with the Official Community Plan 2012
- removing regulatory barriers for property owners
- maintaining consistency with other BC municipalities that are also terminating their land use contracts