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You're right, certainly the Planning Act does not dictate the terms, but once they become mandated as part of a new zoning by-law, do they not then become legal? I should have read the full string of posts leading to your original comment - you likely were not speaking of approved...

S.37 agreements have been typically laying out the obligations for 3+ bedroom units. So, yes it is a legal requirement in the sense that it becomes a condition of approval.