6,500 new homes proposed for major new community in Oakville


Published March 20, 2024 at 4:17 pm

6,500 new homes proposed major new community in Oakville

An ambitious plan for northwest Oakville would see more than 6,500 units be built as part of a major new community.

Dozens of documents have been filed with the Town’s planning department is support of Palermo Village, which alone would achieve 20 per cent of Oakville’s mandated growth of 33,000 homes over the next 10 years.

But Oakville council has turned down the plan, at least for now.

“Palermo Village has been the subject of detailed, comprehensive land use studies by the Town,” said a spokesperson for the planning department.

The spokesperson said the most recent comprehensive land use study was adopted by town Council but all three were appealed to the Ontario Land Tribunal by landowners.

Dozens of planning and rezoning applications were submitted by Palermo Village Corporation. The were, however, refused by Council last December for the reasons outlined in the report from Planning Services.

“This decision was also appealed to the Ontario Land Tribunal. Given the appeals, there is no update/information to share in terms of timing.”

Conceived by the Palermo Village Corporation, which includes ARGO Development Corp and Newmark Developments Ltd., the community would be a mixed-use, transit-oriented and future-ready community along Bronte Road, between Dundas Street and Hwy. 407.

“There is a shortage of housing supply in the GTA, which has made access to housing difficult for many,” reads the project’s website.

“Palermo will do its part to ease the pressure on housing by building a number of homes suitable for first time owners, families needing more space, and downsizers looking to age in place.”

The Palermo Village website includes a list of frequently asked questions about the project.

Q: What is the timeline for the project?

A: This is a long-term project with many phases and we are in the early stages of the planning process. A construction plan will be developed as part of the planning process.

Q: What about transit hubs?

A: We’ll work with the Town of Oakville and Oakville Transit to help deliver the hub as soon as possible. The 407 Transitway Station is a Metrolinx project, and we will work closely with them on the integration of this transit station.

Q: Is this plan a proposal, or has it been approved?

A: This is a proposed plan that has yet to be reviewed or approved by the Town of Oakville. It will go through the formal application submission process as required by the Planning Act.

Q: What community benefits and/or amenities and services will this project deliver?

A: Palermo will be a complete community, with new employment opportunities and a range of amenities and services proposed such as a new community centre/library, new daycare space, and small and large commercial/retail opportunities to support this growing community.

The project envisions a new urban square and central pedestrian main street with patios, eateries, shops, and health and wellness-based services.

The Urban Square will serve as a central gathering place with markets, festivals, public art, and local events for all ages.

“The project will provide more than 20 acres of parks, ponds, privately-owned, publicly accessible spaces, natural heritage system and trails,” says the website.

“With a new neighbourhood park and a large modern park, this new community will enable an active lifestyle with four-season programming and uses for everyday outdoor living, such as walking trails, shaded areas to read and rest, and sporting and recreation opportunities for all ages and seasons.”

insauga's Editorial Standards and Policies advertising