News

Building the city we love requires consistency and a long‑term view. This past year, we continued our work supporting City Divisions, Agencies and Corporations, delivering affordable housing and advancing the transformation of the Port Lands. Our 2025 Annual Report reflects steady progress in using public real estate to meet Toronto’s evolving needs.

The federal government has pledged to contribute $289 million to build a colourful new Toronto development that will house hundreds of rental co-op homes.

Today, Mayor Olivia Chow, Salma Zahid, Member of Parliament for Scarborough Centre—Don Valley East, Councillor Michael Thompson (Scarborough Centre) and City of Toronto staff to break ground on Canada’s largest co-op housing development in a generation.

As part of the Government of Canada’s broader efforts to respond to the housing crisis, work is being done across the housing continuum to respond to the needs of communities across Canada. To that end

This article was first published in OPPI's Y Magazine - Fall 2025 The City of Toronto is investing in public lands for the development of affordable housing within mixed-income, mixed-use, transit-oriented communities and this site at 2444 Eglinton Avenue East is one of almost 100 city-owned sites that are either housing ready or may be unlocked for new housing. Currently, the site contains a vacant autobody shop and a former commuter parking lot for the Kennedy TTC and GO stations.

Parkdale’s Neighbourhood Land Trust (NLT), Toronto’s first community land trust, has been selected by the City of Toronto as the successful proponent to lease and develop the Parkdale Hub – West Block, a 16-storey development that will deliver an estimated 175 new homes located at 1337 Queen Street West and a portion of 1325 Queen Street West.

Today, Mayor Olivia Chow and City of Toronto staff celebrated the start of construction of a new purpose-built rental project in midtown Toronto. This development, a strategic partnership between the City, CreateTO and Collecdev-Markee, will deliver a total of 494 new rental homes including 148 affordable rental homes.

Solving Canada's housing crisis requires immediate action to build up supply and bring down costs. The Government of Canada is stepping up with unprecedented investments to supercharge housing construction across Canada. To that end, the federal government launched Build Canada Homes, a new federal agency that will build affordable housing at scale, including transitional and supportive housing, deeply affordable and community housing, and affordable homes for the Canadian middle class.

Today, Mayor Olivia Chow, Jennifer McKelvie, Parliamentary Secretary to the Minister of Housing and Infrastructure and Member of Parliament for Ajax, The Honourable Bill Blair, Member of Parliament for Scarborough Southwest, Councillor Parthi Kandavel (Scarborough Southwest) and City of Toronto staff celebrated the start of major construction of a new mixed-use, transit-oriented community in Scarborough Southwest. This development, on City-owned land adjacent to Victoria Park Station, will deliver a total of 705 new purpose-built rental homes including 256 affordable rental homes.

Today, Mayor Olivia Chow, Deputy Mayor Amber Morley (Etobicoke-Lakeshore), CreateTO and City of Toronto staff celebrated the progress made on the new mixed-use, transit-oriented community that will redefine Etobicoke at Bloor-Kipling.

In one of its latest affordable housing ventures, CreateTO has filed plans for a 41- and six-storey rental development that would transform a City-owned parking lot in Toronto's Fairbank neighbourhood, at 9 Shortt Street. The project would deliver at-grade commercial space and 458 rental units, including around 140 affordable homes, within walking distance of an Eglinton Crosstown LRT station.