Today, Toronto City Council adopted a housing pledge to achieve or exceed the provincial housing target of 285,000 new Toronto homes by 2031. This target represents an ambitious goal and is a call to action for the City of Toronto, other orders of government and stakeholders to accelerate timelines and get housing built.
The Council-adopted staff report outlines the City’s Municipal Housing Pledge as requested by Ontario’s Minister of Municipal Affairs and Housing. The report describes strategies and actions that the City will implement to achieve the target through the Housing Action Plan 2022-2026 and HousingTO 2020-2030 Action Plan.
The actions and strategies outlined in the Housing Action Plan include:
The housing target of 285,000 homes by 2031 represents a 23 per cent increase in Toronto’s housing supply within 10 years. Meeting this target would mean the completion of 31,050 homes per year, approximately double the average number of units built annually between 2017 to 2021.
By affirming the housing pledge and implementing the initiatives described in the report, the City will continue to take significant steps toward transforming the delivery of new homes. There are also factors, noted in the report, outside the City’s control that affect the construction of new housing supply and require additional support from other orders of government and the active participation of the development and community sectors.
Addressing Toronto’s complex housing challenges necessitates a whole-of-government and whole-of-community approach. Increasing the housing supply in Toronto requires new policies, programs, and financial tools from all orders of government, as well as the development industry and housing providers.
The Council-adopted staff report on Toronto’s Municipal Housing Pledge is available on the City’s website.
“This Housing Pledge demonstrates that the City of Toronto is serious about getting more housing built as quickly as possible. We are demonstrating to all orders of government, stakeholders and community leaders that we are doing everything we can to achieve and exceed the completion of 285,000 homes. The City’s Housing Action Plan outlines the actions we are taking to support more homes being built in Toronto and we look forward to partnering with the provincial and federal governments, as well as the development sector and local communities to realize this goal together.”
– Deputy Mayor Jennifer McKelvie (Scarborough-Rouge Park)
Toronto is home to more than three million people whose diversity and experiences make this great city Canada’s leading economic engine and one of the world’s most diverse and livable cities. As the fourth largest city in North America, Toronto is a global leader in technology, finance, film, music, culture and innovation, and consistently places at the top of international rankings due to investments championed by its government, residents and businesses. For more information visit the City’s website or follow us on Twitter, Instagram or Facebook.
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