2023 May 10
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:
- Official Plan, zoning and guideline amendments
- intensification of major growth areas
- advancing housing system policy and program initiatives
- training and trades strategy addressing construction market capacity
- leveraging public land to increase the supply of housing
- preserving the existing rental housing stock
- public accountability and progress reporting
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.
More information about the City’s HousingTO 2020-2030 Action Plan is available on the program webpage or in this YouTube video .