Random Draws for Affordable Rental Homes

Affordable rental housing provides lower-than-average market rents, helping to make living in Toronto more affordable.

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In Toronto, affordable rent is set at or below Average Market Rent (AMR), as defined each year by the Canada Mortgage and Housing Corporation (CMHC) in the Rental Market Report.

The City works with housing developers to create new affordable rental homes in purpose-built rental developments. These partnerships increase access to affordable housing by ensuring that a portion of new rental homes are offered at or below Average Market Rent (AMR).

When new affordable rental homes become available, the housing developer opens an expression of interest (EOI) period.

140 D’Arcy St., Chinatown

New affordable rental homes are opening at 140 D’Arcy St. in late summer 2026, and 22 affordable homes will be available through a random selection process.

The Darcy, located at 140 D’Arcy St., in Toronto’s Chinatown neighbourhood, offers downtown living steps from Kensington Market, Chinatown and Queen West, community services, employment opportunities, education, and everyday amenities.

The affordable rental homes offered in the random draw include studio, 1-bedroom, 2-bedroom and 3-bedroom apartments with monthly rents ranging from $1,199 to $1,889 depending on unit type. The random selection process will be coordinated by DMS Property Management, with the City of Toronto providing oversight to ensure fairness.

Interested and eligible households are invited to complete an application by the deadline: June 19, 2026, 5 p.m.
More information about the affordable rental homes and the random selection process is available on the project website.

Sign up below to be notified when affordable rental opportunities are made available.

 When new affordable rental homes become available, the housing provider opens an expression of interest  period. During this time, individuals and households can apply.  

 After the EOI closes:  

  • The list of names is randomized (shuffled).  
  • Households are invited to apply in order from the randomized list.  
  • If your application is successful and you accept a home, you’ll be matched.  

 This process usually takes 60 to 90 days after the EOI closes.  

 Housing providers must follow the Residential Tenancies Act and are expected to work with successful applicants so they can give proper notice to their current landlords.

The current process is an interim approach used by both private, non-profit and co-operative housing providers.  

The City of Toronto is creating a new Centralized Access System for Affordable Rental Housing. This future system will provide a single, consistent way for residents to apply.

There is support available when you are looking for housing. See Housing Help & Support Services to find Housing Help Centres, legal support, and other services that can help you find and keep housing. 

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