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Well, knock me over with a feather! SURPRISE!The chart looks like a mafia family.
They recently bought Greenbelt land that was undevelopable. Now the Ford government is poised to remove protections — and these developers stand to profit
An association representing developers said the GTA is in “the midst of a housing crisis” and more homes are needed to meet increased demand.www.thestar.com
Paywall free version https://archive.ph/8aqCB
From above article:
"In September, a company run by a prominent Ontario developer paid $80 million for two parcels of land that could not be developed. Totalling nearly 700 acres, they sit entirely within Ontario’s protected Greenbelt.
Weeks later, that investment by Michael Rice is set to pay off. The seemingly untouchable swath of fields and trees in King Township, just north of Toronto, is now on the Ontario government’s list of lands it wants to remove from the Greenbelt. If the change goes through, the properties Rice purchased in September could be ripe for development, and worth far more than $80 million.
Of the 15 areas slated to be removed from the Greenbelt, eight include properties purchased in the four years since the election of Doug Ford, who in 2018 was recorded telling a private audience he would “open a big chunk” of the protected area should he become premier, a Toronto Star/Narwhal investigation has found."