Build Toronto is a City corporation which develops underutilized City real estate assets to unlock their value, attract targeted industries, stimulate employment and regenerate neighbourhoods.
Build Toronto is a key component of a City-wide real estate service delivery model adopted by City Council in 2017 to centralize real estate and facilities management activities and ensure the effective use of the City’s real estate assets. The Corporation works with CreateTO which supports Build Toronto’s business operations through a service agreement and with other City real estate entities including the Toronto Port Lands Company (TPLC).
Build Toronto’s activities include:
- Managing, developing, and marketing surplus lands owned by the City and its agencies and corporations, which are turned over to the Corporation
- Working with the City, investors and partners to maximize the benefit and value of these lands and to encourage the development of infrastructure and services
- Advising the City and its agencies and corporations on the potential for developing their properties
Read about Build Toronto’s recent activities in its latest Annual Report.
In 2008, City Council approved the establishment of Build Toronto under the authority of the City of Toronto Act, 2006 and Ontario Regulation 609/06. Build Toronto is incorporated under the Ontario Business Corporations Act with the City of Toronto as its sole shareholder.
Build Toronto is governed by a Board of Directors which supervises the management of the Corporation’s business and affairs. A Council-approved Shareholder Direction sets out for the Board, the City’s expectations and objectives for Build Toronto and the Corporations’ mandate, responsibilities, reporting requirements and relationship with the City.
The Build Toronto Board is cross-appointed by City Council from the CreateTO Board. It consists of eight members and comprises six public members appointed through the City’s Public Appointments process and two City Council members, one of whom is the Mayor or Council member-designate. The Board Chair and Vice-Chair are appointed by City Council.
Key Council Decisions
- City Council adopted CC1.1: Recalibrating City Council’s Governance System for 26 Members (December 2018)
- City Council adopted EX29.5: City-Wide Real Estate – Amendments to Municipal Code Chapters and Shareholder Directions (December 2017)
- City Council adopted EX27.12: City-Wide Real Estate – Delegated Authorities Framework and Transition Plan (October 2017)
- City Council adopted EX25.9: City-Wide Real Estate Transformation (May 2017)
Search for other City Council decisions about Build Toronto.