What is “Affordable Housing”?

To support the increase in supply of affordable housing in the City of Toronto (the City), enacted City of Toronto By-law No.124-2016, which defines “Affordable Housing” for the purpose of the bylaw and all municipal housing facility agreements as follows:

  • For rental housing, affordable housing includes housing in which monthly occupancy costs are equal to or below the average city-wide market rents.

In exchange for providing affordable housing, developers/landlords can receive property tax exemptions and other incentives to lower their operating costs and thus improve their financial viability. This guide provides an overview of developer requirements for the affordable rental housing, laid out as follows: