Item - 2025.RA17.1

Tracking Status

This item was considered by CreateTO on March 3, 2025 and was adopted without amendment.

RA17.1 - Housing Progress Update

Decision Type:: ACTION

Status:: Adopted

Wards:: All

Board Decision

The Board of Directors of CreateTO:

1. Received the report (February 14, 2025) from the Chief Executive Officer, CreateTO for information.

Decision Advice and Other Information

Michael Norton, Chief Development Officer, Development, CreateTO gave a presentation on the Housing Progress Update.

Origin

(February 14, 2025) Report from the Chief Executive Officer, CreateTO

Summary

In recognition of the urgent need to expedite efforts to transform Toronto’s housing system, this report provides the CreateTO Board of Directors with a broad update of 2024 housing-related work items:

Priority housing sites, with proponents and equity confirmed (4 sites)
Housing sites with secured proponents (4 sites)
Housing sites that are zoned and tracking to market calls/securing a proponent (9 sites)
Housing sites in market (none currently)
Housing sites tracking to final zoning (4 sites)
Update: Portfolio Wide Risk Factors

Background Information

(February 14, 2025) Report from the Chief Executive Officer, CreateTO on Housing Progress Update
https://www.toronto.ca/legdocs/mmis/2025/ra/bgrd/backgroundfile-253349.pdf
Attachment 1 - Housing Tracker
https://www.toronto.ca/legdocs/mmis/2025/ra/bgrd/backgroundfile-253350.pdf
Revised Presentation from the Chief Executive Officer, CreateTO, on Housing Progress Update
https://www.toronto.ca/legdocs/mmis/2025/ra/bgrd/backgroundfile-253699.pdf
Presentation from the Chief Executive Officer, CreateTO, on Housing Progress Update

Motions

Motion to Adopt Item moved by Allison Mendes (Carried)