Room record of what happened—pair with Decisions for final actions.
Executive Committee · 2025-04-14
10 structured lines in this file · ward references on 4 lines.
Top takeaways
Counts and lines derived only from fields in this file—not predictions or editorial ratings.
Meeting status: Complete
Agenda lines with outcomes: 10
Most common outcomes: Adopted, Amended
Items with changes or notable statuses
Amendments, deferrals, referrals, non-approval, and rule-matched lines from this file—up to eight. Hover or focus tags for what each label means.
Towards a Beautiful City - A Path Forward — amended
Amended
Resignation from the FIFA World Cup 2026 Subcommittee, Member App… — amended
Amended
Interim Update- Delivery of Affordable Rental Homes in Quayside-… — approved
Keyword/status match
2025 Education Property Tax Levy and Clawback Rate By-Law — approved
Keyword/status match
Community Parking at Terminus Transit Stations at Sheppard-McCowa… — approved
Keyword/status match
Item-by-item record
Expand rows for detail. Filters apply to this list only (same data as the summaries above).
Filter item list
10 lines in this record.
2025.EX22.1
Interim Update- Delivery of Affordable Rental Homes in Quayside- Phase 1
Outcome: Adopted
Ward: 10 - Spadina - Fort York
2025.EX22.3
Towards a Beautiful City - A Path Forward
Outcome: Amended
Ward: All
2025.EX22.4
2025 Education Property Tax Levy and Clawback Rate By-Law
Outcome: Adopted
Ward: All
2025.EX22.7
Resignation from the FIFA World Cup 2026 Subcommittee, Member Appointment to Fill Vacancy of Chair and the Appointment of Vice Chair
Outcome: Amended
Ward: All
2025.EX22.8
Community Parking at Terminus Transit Stations at Sheppard-McCowan Station
Outcome: Adopted
Ward: 23 - Scarborough North
2025.EX22.9
Mayor’s Economic Action Plan in Response to United States Tariffs - Update to Council
Outcome: Adopted
Ward: All
2025.EX22.10
Build More Homes: Identifying Opportunities for More Purpose-Built Rental Housing
Outcome: Adopted
Ward: All
2025.EX22.2
Advancing the George Street Revitalization Project
Outcome: Adopted
Ward: 13 - Toronto Centre
2025.EX22.5
Amendments to Municipal Code Chapter 190, Polling and Notification including Lowering the Polling Age
Outcome: Adopted
Ward: All
2025.EX22.6
Report from the Mayor’s Designate to the Sao Paulo Urban Summit and Urban 20 Rio Summit
Outcome: Adopted
Ward: All
#
Subject
Outcome
Wards
2025.EX22.1
▶ Interim Update- Delivery of Affordable Rental Homes in Quayside- Phase 1
Adopted
10 - Spadina - Fort York
2025.EX22.3
▶ Towards a Beautiful City - A Path Forward
Amended
All
2025.EX22.4
▶ 2025 Education Property Tax Levy and Clawback Rate By-Law
Adopted
All
2025.EX22.7
▶ Resignation from the FIFA World Cup 2026 Subcommittee, Member Appointment to Fill Vacancy of Chair and the Appointment of Vice Chair
Amended
All
2025.EX22.8
▶ Community Parking at Terminus Transit Stations at Sheppard-McCowan Station
Adopted
23 - Scarborough North
2025.EX22.9
▶ Mayor’s Economic Action Plan in Response to United States Tariffs - Update to Council
Adopted
All
2025.EX22.10
▶ Build More Homes: Identifying Opportunities for More Purpose-Built Rental Housing
Adopted
All
2025.EX22.2
▶ Advancing the George Street Revitalization Project
Adopted
13 - Toronto Centre
2025.EX22.5
▶ Amendments to Municipal Code Chapter 190, Polling and Notification including Lowering the Polling Age
Adopted
All
2025.EX22.6
▶ Report from the Mayor’s Designate to the Sao Paulo Urban Summit and Urban 20 Rio Summit
Adopted
All
Source fields
Operational and publish metadata from the mirrored file—meeting numbers, process IDs, chair codes, and similar fields. Most readers can skip this block.
Mayor’s Economic Action Plan in Response to United States Tariffs… — approved
Keyword/status match
Build More Homes: Identifying Opportunities for More Purpose-Buil… — approved
Keyword/status match
Advancing the George Street Revitalization Project — approved
Meeting Number
22
Current Process Id
6
Minutes Confirm Date
1747108800000
Publish Vice Chair Ind
N
Display Minutes Confirm Ind
Y
Term Year
2025
Official Chair First Name
Olivia
Official Chair Last Name
Chow
Official Chair Salutation Desc
Mayor
Tier
2
Agenda Published
false
Decision Published
false
Minutes Published
false
Show Map
false
Show Bill
false
Agenda
Agenda Id
44321
Show Status Cd
ON
Minutes Instructions Wep
Minutes End Instructions Wep
<p><span style="font-family: arial, helvetica, sans-serif;"><strong>Announcements</strong></span><br />The Chair acknowledged that the Executive Committee was meeting on the traditional territory of many nations including the Mississaugas of the Credit, the Anishnabeg, the Chippewa, the Haudenosaunee and the Wendat peoples and is now home to many diverse First Nations, Inuit and Métis peoples. The Chair also acknowledged that Toronto is covered by Treaty 13 with the Mississaugas of the Credit.</p>
<p> </p>
<p>Where the Members of the Executive Committee listed in the attendance for this meeting participated remotely, they were counted for quorum as permitted by Section 189(4.2) of the City of Toronto Act, 2006, and City Council's Procedures.</p>
Phone
Phone Id
24847
Area Code
416
Phone Number
392-7033
Mmis User
User List Id
201
User First Name
Cathrine
User Last Name
Regan
User Email
cregan@toronto.ca
User Title
Committee Administrator
Enabled
false
User Full Name
Cathrine Regan
Account Non Expired
false
Account Non Locked
false
Credentials Non Expired
false
Speaker List Published
false
Meeting Reference
2025.EX22
Latest Meeting Location Date
Meeting Location Date Id
27188
Meeting Date
1744603200000
Start Time
1744637400000
Monitor Display Ind
Y
Location
Location Id
601
Location Name
Committee Room 1, City Hall/Video Conference
▸Full source fields (advanced)
Same public record as above, shown as structured fields. Most readers can skip this block.
Agenda Items
Agenda Item Id
Communication Type Cd
Urgent
In Camera
Publish Type Cd
Consideration
Status
Statutory
Title
Reference
Publish Decision Ind
Publish Motion Ind
Publish Vote Ind
Publish Ruling Ind
Agenda Item Summary
Ai Meeting Number
Ai Order Number
Db Publish Label Cd
Agenda Cd
Wards
Pre Meeting Event Ind
Staff Report
Communication Type Desc
Consider Type Desc
Item Status Desc
Publish Type Desc
Decision Body Publish Label
Speaker Interested Persons
Committee Communications
Council Communications
Committee Attachments
Council Attachments
Committee Motions
Council Motions
Committee Rulings
Council Rulings
Committee Declared Interests
Council Declared Interests
Committee Decision
Decision Type Desc
Has Decison Information
Consent Item Status Desc
Pre Meeting Speakers List
Pre Meeting Interested Persons
Post Meeting Speakers List
Post Meeting Interested Persons
Council Consider Date
139760
REPORT
N
N
MAIN
ACTION
ADOPTED
N
Interim Update- Delivery of Affordable Rental Homes in Quayside- Phase 1
2025.EX22.1
Y
Y
Y
Y
<p>This report provides an interim update on the work done since the adoption of the Quayside Business Implementation Plan in 2022 to realize the significant housing objectives in Quayside-Phase 1.</p>
<p> </p>
<p>In partnership with Waterfront Toronto (WT), Quayside Impact Limited Partnership (QILP), and Canada Mortgage and Housing Corporation (CMHC), the City has been able to:</p>
<p> </p>
<p style="padding-left: 30px;">- maximize the number of affordable rental homes and prioritize delivery of purpose-built rental homes;</p>
<p style="padding-left: 30px;">- establish a delivery model that will result in the City retaining the ownership of land where affordable rental homes will be located in perpetuity;</p>
<p style="padding-left: 30px;">- advance the funding and financing plan for the affordable rental housing component from the City, WT, and CMHC; and</p>
<p style="padding-left: 30px;">- accelerate timelines to start construction in 2026 and have affordable rental homes reaching completion starting in late 2030.</p>
<p> </p>
<p>With the softening of the condo market, the City, QILP, and WT have worked on an accelerated plan to maximize the number of affordable rental homes that can be delivered in the first phase, prioritizing the delivery of purpose-built rental homes on an expedited basis. As the result, it is estimated that approximately 550 affordable rental and 1,267 purpose-built rental homes will be delivered by 2030-31 (final home count dependant on final design). This is an improvement upon the number of affordable rental homes that were identified in the July 2024 re-zoning application, which was 458. </p>
<p> </p>
<p>This report responds to a commitment under the federal Housing Accelerator Fund to provide an update on the delivery plan for the affordable rental homes in Quayside in April 2025.</p>
22
Submitted By Chair
Member Id
4041
Salutation Cd
MAYOR
First Name
Olivia
Last Name
Chow
Salutation Desc
Mayor
Vice Chair
false
Meeting Sessions
Meeting Session Id
Meeting Id
Start Date
Start Time
End Date
End Time
Session Type Cd
In Camera
Session Type Desc
45323
25773
1744637700000
1744637700000
1744643940000
1744643940000
MORNING
N
Morning
Meeting Attendance
Attendance Id
Meeting Session Id
Attendance Display Order
Attendance Notes
Quorum Type Cd
Roll Call Ind
Chair Member Id
Quorum Type Desc
Meeting Session
Attendees
Present String
Not Present String
39176
45323
39176
Chris Moise, Jamaal Myers
PRESENT
N
4041
Present
…
…
Paul Ainslie, Alejandra Bravo, Olivia Chow (Chair), Mike Colle, Paula Fletcher, Ausma Malik, Josh Matlow, Amber Morley, Gord Perks
Shelley Carroll, Jennifer McKelvie
Meeting Motions
Motion Id
Motion Display Order
Motion Number
Motion Status Cd
Consent Ind
Motion Text
Motion Status Desc
Motion Type
Mover Member
Rulings
Votes
187523
1
0
CARRIED
N
<p>That the Executive Committee confirm the minutes of its meeting held on March 19, 2025.</p>
Carried
…
…
…
…
Options
Include Origin Date From
true
Include Minutes Instructions
true
Include Meeting Attendance
true
Include Background Links
true
Include Declared Interests
true
Meeting Id
25773
Include Procedural Motions
true
Include Summary
true
Include Rulings
true
Include Recorded Votes
true
Include In Camera Reason
true
Process Id
6
Include Communications
true
Include Speakers
true
Include Council Consider Date
true
Legdoc Url
Meeting
Meeting Id
25773
Decision Body Id
2468
Email
exc@toronto.ca
Special Meeting Cd
N
Meeting Number
22
Mtg Status Cd
COMPLETE
Official Chair Member Id
4041
Official Chair Salutation Cd
MAYOR
Current Process Id
6
Minutes Confirm Date
1747108800000
Publish Vice Chair Ind
N
Display Minutes Confirm Ind
Y
Mtg Status Desc
Complete
Term Year
2025
Official Chair First Name
Olivia
Official Chair Last Name
1
CMMTTEE
EX
10 - Spadina - Fort York
N
…
Report
ACTION
Adopted
Main
Committee
…
…
…
…
…
…
…
…
…
…
…
…
ACTION
true
Adopted
…
…
…
…
—
139744
REPORT
N
N
MAIN
ACTION
ADOPTED
N
Advancing the George Street Revitalization Project
2025.EX22.2
Y
Y
Y
Y
<p>The George Street Revitalization (GSR) project is a signature initiative of the Downtown East Action Plan and is distinguished by its continuum of care model that co-locates and integrates shelter services, a long-term care home, supportive housing with wrap-around services, and a community hub on a single site. The purpose of this report is to outline a path forward to deliver the GSR project in a manner that aligns with the original project vision, responds to the City’s emerging priorities, and adheres to the approved project budget.</p>
<p> </p>
<p>In July 2016, City Council authorized staff to proceed with an alternative financing and procurement approach, also known as a Public-Private Partnership (P3) model for the implementation of the GSR project, with Ontario Infrastructure and Lands Corporation (also known as Infrastructure Ontario, or IO) acting as procurement lead. Through 2020 and onwards, the construction sector began to experience significant financial impacts by the volatile increase in construction material costs, global supply chain disruptions, and labour shortages due to COVID-19 pandemic pressures. The same impacts were felt across the City, including the GSR project through the P3 process.</p>
<p> </p>
<p>In February 2024, City Council directed staff to explore a City-delivered procurement and implementation model for the GSR project in order to bring the project in compliance with the approved project budget. Through work with City divisions and value engineering, the City can accommodate the delivery of key program elements and preservation of the three existing heritage buildings, two of which are semi-detached, on the Phase 1 site, through a City-led development within the current approved budget. Phase 1 occupies two-thirds of the site and includes the core elements of the GSR project, and Phase 2 occupies the remaining one-third of the site to the south, creating a potential future affordable housing opportunity.</p>
<p> </p>
<p>The phased development approach allows the fully funded Phase 1 to proceed independently of Phase 2, which requires further project design and planning studies, due diligence work, as well as funding – ultimately minimizing the risk of delay of Phase 1.</p>
<p> </p>
<p>The GSR project will be delivered through a Construction Management approach, an industry standard method which can emphasize certainty on budget prior to the start of construction; and provides further control and accountability to the owner. In this approach, the construction manager can take on the financial risk of completing the project within a set budget.</p>
<p> </p>
<p>Pending adoption of the City-delivered approach, staff will proceed with the design services and construction procurement for Phase 1, and report back to the appropriate committee upon the conclusion of the competitive procurement process, estimated to take place by the third quarter of 2025. Phase 1 construction is estimated to start by the fourth quarter of 2026 with occupancy estimated for end of 2029.</p>
<p> </p>
<p>To align all GSR related decision-making, two separate heritage and planning reports will be considered by City Council in April 2025 concurrently with this report. This includes a report from the Senior Manager, Heritage Planning, on the proposed heritage conservation and integration of the three designated heritage properties into the Phase 1 GSR building and a report from the Director, Community Planning, Toronto and East York District on the recommended approval of a City-initiated Official Plan and Zoning By-law Amendment to permit the construction of the Phase 1 GSR building.</p>
<p> </p>
<p>As outlined in this report, staff are committed to continued thoughtful community engagement and the Seaton House Transition Plan, ensuring stakeholders receive updates and provide ongoing advisory input to the City of Toronto.</p>
22
2
CMMTTEE
EX
13 - Toronto Centre
N
…
Report
ACTION
Adopted
Main
Committee
…
…
…
…
…
…
…
…
…
…
…
…
ACTION
true
Adopted
…
…
…
…
1745380800000
139753
REPORT
N
N
MAIN
ACTION
AMENDED
N
Towards a Beautiful City - A Path Forward
2025.EX22.3
Y
Y
Y
Y
<p>City Planning, Transportation Services, and Parks and Recreation Divisions have plotted a path forward to achieve improved beautification of the public realm in Toronto. This work was in response to the City Council Member Motion 2024.19.26 - Towards A Beautiful City. The path forward includes 5 Priority Actions:</p>
<p> </p>
<p style="padding-left: 30px;">- Develop an internal governance model for oversight, leadership and coordination with respect to achieving design excellence in the public realm, including parks, public spaces and buildings;</p>
<p style="padding-left: 30px;"> </p>
<p style="padding-left: 30px;">- Undertake an inventory and review of current procurement processes (e.g. Request For Proposals, design competitions) and identify any changes, additional processes, and best practices that should be considered moving forward;</p>
<p style="padding-left: 30px;"> </p>
<p style="padding-left: 30px;">- Develop a "Considerate Construction" guideline to advance best practices for the design and aesthetics of construction setups and take downs on City streets;</p>
<p style="padding-left: 30px;"> </p>
<p style="padding-left: 30px;">- Review City maintenance, service-level and operational practices across impacted divisions to identify opportunities and costs required to improve the quality and care of the public realm; and</p>
<p style="padding-left: 30px;"> </p>
<p style="padding-left: 30px;">- Review and enhance a “Toronto Clean and Beautiful” campaign to raise public awareness, and bring together multiple partners, stakeholders and private landowners in enhancing the public realm.</p>
22
3
CMMTTEE
EX
All
N
…
Report
ACTION
Amended
Main
Committee
…
…
…
…
…
…
…
…
…
…
…
…
ACTION
true
Amended
…
…
…
…
1745380800000
139731
REPORT
N
N
MAIN
ACTION
ADOPTED
N
2025 Education Property Tax Levy and Clawback Rate By-Law
2025.EX22.4
Y
Y
Y
Y
<p>In accordance with legislative requirements, City Council must annually adopt the following by-laws associated with property taxes:</p>
<p style="padding-left: 30px;">- the municipal levy;</p>
<p style="padding-left: 30px;">- the education levy; and</p>
<p style="padding-left: 30px;">- the clawback rates.</p>
<p> </p>
<p>These by-laws are required to enable the City to issue the final property tax bills for the year, for both municipal and school purposes. Following City Council's adoption of the 2025 municipal property tax rates at its meeting on February 11, 2025, this report sets the education levy and the claw-back rates.</p>
<p> </p>
<p>This report recommends adoption of the 2025 education tax rates and education property tax levy for school purposes, as required by legislation. The City of Toronto levies and collects education taxes on behalf of the Province of Ontario, based on the education tax rates set out in Ontario Regulation 400/98, as amended. The education property tax rates prescribed by the Province for 2025 remain unchanged from the previous year for all classes. Accordingly, the average household will see no increase in their education tax this year.</p>
<p> </p>
<p>In addition, this report addresses the requirements associated with the clawback rate for properties in the commercial, industrial, and multi-residential property classes. In February 2025, City Council adopted the continued policy of limiting ('capping') allowable tax increases to a maximum of 10% of a property's prior year's annualized taxes for properties in those classes with a property tax bill increase greater than $500. This capping policy protects commercial, industrial, and multi-residential properties from significant annual tax increases.</p>
<p> </p>
<p>In order to capture the lost revenue from properties that are capped, the City annually calculates a clawback rate that effectively results in withholding part of a property’s decrease due to reassessment, as applicable. This report recommends the 'clawback percentage', which represents the amount the City will retain from any decreases in property tax bills, to offset the capping policy. As a result, properties that would otherwise see a tax reduction due to reassessment may not receive the full decrease, since a portion is withheld to help offset the revenue lost from capped tax increases on other properties. Given the Province continues to postpone reassessment, the number of properties impacted by this policy is minimal in 2025.</p>
22
4
CMMTTEE
EX
All
N
…
Report
ACTION
Adopted
Main
Committee
…
…
…
…
…
…
…
…
…
…
…
…
ACTION
true
Adopted
…
…
…
…
1745380800000
139745
REPORT
N
N
MAIN
ACTION
ADOPTED
N
Amendments to Municipal Code Chapter 190, Polling and Notification including Lowering the Polling Age
2025.EX22.5
Y
Y
Y
Y
<p>This report responds to Item <a href="https://secure.toronto.ca/council/agenda-item.do?item=2024.DM23.1">2024.DM23.1</a>, which requests the City Clerk to report on an approach to reducing the minimum age to vote in a neighbourhood poll from 18 to 16.</p>
<p> </p>
<p>In addition to lowering the minimum polling age, the City Clerk is proposing additional amendments to Municipal Code, Chapter 190, Polling and Notification to ease participation in the polling process and improve polling administration.</p>
22
5
CMMTTEE
EX
All
N
…
Report
ACTION
Adopted
Main
Committee
…
…
…
…
…
…
…
…
…
…
…
…
ACTION
true
Adopted
…
…
…
…
1745380800000
139750
LETTER
N
N
MAIN
ACTION
ADOPTED
N
Report from the Mayor’s Designate to the Sao Paulo Urban Summit and Urban 20 Rio Summit
2025.EX22.6
Y
Y
Y
Y
<p>In 2024, I attended the São Paulo Urban Summit in São Paulo, Brazil and U20 Summit in Rio de Janeiro, Brazil as the Mayor’s designate-representing the City of Toronto in these key international engagements for municipalities.</p>
<p> </p>
<p>My travel included participation with activities organized by Metropolis, ICLEI-Local Governments for Sustainability, and U20, including participation in policy forums, panels, sessions, site visits, and several bilateral meetings.</p>
<p> </p>
<p>Attached to this letter, you can find a copy of my report, program for the São Paulo Urban Summit, program for the U20 Summit, and a copy of the final U20 communique for 2024.</p>
22
6
CMMTTEE
EX
All
N
…
Letter
ACTION
Adopted
Main
Committee
…
…
…
…
…
…
…
…
…
…
…
…
ACTION
true
Adopted
…
…
…
…
1745380800000
139732
LETTER
N
N
MAIN
ACTION
AMENDED
N
Resignation from the FIFA World Cup 2026 Subcommittee, Member Appointment to Fill Vacancy of Chair and the Appointment of Vice Chair
2025.EX22.7
Y
Y
Y
Y
<p>I am writing to formally resign from my position as Chair of the FIFA World Cup 2026 Subcommittee and as a member of the subcommittee, effective immediately.</p>
<p> </p>
<p>It has been an honour to contribute to the planning and oversight of Toronto’s role in the FIFA World Cup 2026. This event represents a historic opportunity for our city, and I am proud of the work we have done to prepare for it. However, as my responsibilities as Budget Chief, Chair of the Toronto Police Service Board, and the Mayor’s Economic Development & Culture Champion continue to grow, I have determined that it is in the best interest of both the subcommittee and myself to step away at this time to ensure that I can fully dedicate my efforts to these critical roles.</p>
<p> </p>
<p>I remain committed to the success of the tournament and to ensuring that Toronto delivers an unforgettable experience for players, fans, and residents. I am grateful for the dedication and collaboration of my colleagues on the subcommittee, and I wish the team continued success as preparations move forward.<br /> <br /> Please let me know how I can assist in ensuring a smooth transition.</p>
22
7
CMMTTEE
EX
All
N
…
Letter
ACTION
Amended
Main
Committee
…
…
…
…
…
…
…
…
…
…
…
…
ACTION
true
Amended
…
…
…
…
—
139749
LETTER
N
N
MAIN
ACTION
ADOPTED
N
Community Parking at Terminus Transit Stations at Sheppard-McCowan Station
2025.EX22.8
Y
Y
Y
Y
<p>McCowan and Sheppard station will serve as a key transit hub for the area. The Scarborough Subway Extension project being currently built by Metrolinx has a projected growth in ridership by 52,000 new riders and will improve access to transit for an estimated 38,000 people who will be able to walk to transit. However, that estimate also identifies an additional 10,000+ riders who will use other modes of transportation, including cars, to access the transit system. It is thus vital that commuter parking options be considered to help facilitate access to the transit system for the 10,000+ potential transit riders that may require using a car to access the transit system without causing easily anticipated side effects, including on-street parking issues for surrounding commercial and residential properties.</p>
22
8
CMMTTEE
EX
23 - Scarborough North
N
…
Letter
ACTION
Adopted
Main
Committee
…
…
…
…
…
…
…
…
…
…
…
…
ACTION
true
Adopted
…
…
…
…
—
139994
REPORT
N
N
NEW
ACTION
ADOPTED
N
Mayor’s Economic Action Plan in Response to United States Tariffs - Update to Council
2025.EX22.9
Y
Y
Y
Y
<p>At its meeting on March 26, 2025, City Council adopted the Mayor's Economic Action Plan in Response to US Tariffs, which laid out ten (10) immediate actions the City is taking in response to United States (US) tariffs. The cumulative effect of these tariffs, along with multiple subsequent announcements, threatens to upend global supply chains, shut down auto manufacturing plants in Canada and the US, and reduce the productivity of the global economy with some economists raising the increasing likelihood of a recession in the US, Canada and beyond.</p>
<p> </p>
<p>Since the adoption of the Mayor's Economic Action Plan in Response to US Tariffs, staff have been working to implement the actions, monitor the evolving US trade situation, and continue to work with the Mayor's Economic Action Team on the next phase of City actions. Notably, American trade policy and related Executive Orders from the White House continue to evolve rapidly, and this report outlines the situation at the time of writing. City staff are committed to monitoring the situation and providing Council with timely updates. This report provides an update on the implementation of the Council-approved action plan and outlines the next steps for City response.</p>
22
9
CMMTTEE
EX
All
N
…
Report
ACTION
Adopted
New
Committee
…
…
…
…
…
…
…
…
…
…
…
…
ACTION
true
Adopted
…
…
…
…
1745380800000
140004
LETTER
N
N
NEW
ACTION
ADOPTED
N
Build More Homes: Identifying Opportunities for More Purpose-Built Rental Housing
2025.EX22.10
Y
Y
Y
Y
<p>In Fall 2024, City Council advanced the new Purpose-Built Rental Housing Incentives program, an important new initiative to unlock new rental supply and affordable rental housing.</p>
<p> </p>
<p>This program provides eligible projects with relief on property taxes and development charges to bring down the cost of building, and help new rental and affordable units break ground at a time when many are stalled due to economic conditions.</p>
<p> </p>
<p>There has been an overwhelmingly strong response to this program, far exceeding expectations and demonstrating the housing sector’s readiness to build. The City received a total of 75 applications in 21 wards across the city, representing over 32,600 purpose-built rental homes and over 7,400 affordable rental homes that are ready to break ground by the end of next year.</p>
<p> </p>
<p>In December 2024, City Council approved incentives for 17 applications in 12 wards across the city, representing 7,156 net new rental homes and 1,047 net new affordable rental homes, to be funded by the City.</p>
<p> </p>
<p>With provincial and federal government support, the City can move forward to unlock additional shovel-ready projects.</p>
<p> </p>
<p>In March 2025, the federal government indicated it has earmarked up to $7.3 billion in low-cost financing through the Canada Mortgage and Housing Corporation’s Apartment Construction Loan Program for projects in Toronto. This funding is contingent on securing required support from the Government of Ontario.</p>
<p> </p>
<p>This motion requests City staff to review the remaining applications to the Purpose-Built Rental Housing Incentives program and report on additional shovel-ready housing projects that could be eligible to receive property tax and development charge relief if provincial funding is received. This will help the City move quickly to advance these projects with provincial financial support.</p>
<p><span style="font-family: arial, helvetica, sans-serif;"><strong>Announcements</strong></span><br />The Chair acknowledged that the Executive Committee was meeting on the traditional territory of many nations including the Mississaugas of the Credit, the Anishnabeg, the Chippewa, the Haudenosaunee and the Wendat peoples and is now home to many diverse First Nations, Inuit and Métis peoples. The Chair also acknowledged that Toronto is covered by Treaty 13 with the Mississaugas of the Credit.</p>
<p> </p>
<p>Where the Members of the Executive Committee listed in the attendance for this meeting participated remotely, they were counted for quorum as permitted by Section 189(4.2) of the City of Toronto Act, 2006, and City Council's Procedures.</p>