Calandra said developers would get no compensation for the Greenbelt reversal
“At this point nothing had changed. The lands had been temporarily moved out of the Greenbelt, but no zoning had been changed, the circumstances for them had not changed, so that's why I'm not going to be offering any compensation.”
Paul Calandra, · Remarks to reporters (The Canadian Press)
What happened · Aug 28, 2026
The 2023 act that restored the lands added immunity provisions that wiped out related claims, the Court of Appeal upheld them on August 28, 2026, and no compensation payment has been reported.
The Greenbelt Statute Law Amendment Act, 2023 (Royal Assent December 6, 2023) 'strengthens immunity provisions', according to the ministry's decision notice. It also ended the province's 2022 settlement with Minotar Holdings. The Superior Court dismissed Minotar's constitutional challenge in March 2025. On August 28, 2026, the Court of Appeal dismissed the appeal 2-1. Minotar filed a separate claim in November 2025 seeking $300 million for breach of contract, and that claim has not been decided.
Promise: CBC News / The Canadian Press
Outcome: Environmental Registry of Ontario, CBC News, Global News, Toronto Star