Item - 2024.PH13.13

The Planning and Housing Committee:

1. Received the report (May 29, 2024) from the Interim Chief Planner and Executive Director, City Planning for information.

The City Planning Division monitors development activity in Toronto. This report and the attached bulletin summarizes development activity over the past five years, offering insights into the city's growth and potential urban changes ahead.

The 2023 Development Pipeline is the largest recorded to-date and contains 800,889 residential units and 13,958,670 m² of non-residential gross floor area (GFA). Of the total residential units, 87% are not yet built and are either under review, in the development approvals process, or under construction. If all these residential units were completed and occupied, enough housing would be provided to accommodate an additional 1.12 million people over Toronto's 2023 population.

Between 2019 and 2023, City Council granted Official Plan Amendment or Rezoning approval to 38,428 units per year. Over the same period, 21,534 units per year were issued approval on a Site Plan Control Application and 17,576 units per year were built. Toronto's share of housing completions in the Greater Toronto Area has grown consistently and now delivers half of the region's new housing supply.

The Development Pipeline demonstrates the diversity and geographic distribution of non-residential development in Toronto, providing opportunities to accommodate future employment across the city. With 1,736,850 m² of industrial land uses proposed, Employment Areas remain economically resilient and are attracting new investment.

The Development Pipeline also illustrates the continuing changes to Toronto's complex and evolving urban structure. The magnitude of proposed development accentuates the importance of comprehensive long-range planning to manage growth, infrastructure and service delivery.