Item - 2026.RA23.5

The Board of Directors of CreateTO:

1. Adopted the Confidential Instructions to Staff in Confidential Attachment 1 to the report (January 12, 2026) from the Chief Executive Officer, CreateTO.

2. Requested the Chief Executive Officer, CreateTO, in consultation with the Executive Director, Housing Development, and the Executive Director, Housing Secretariat, to develop a report (“the housing benchmark report”) comparing various affordable housing development and construction costs in Toronto and at comparable sites across major urban areas in Canada, including:

a. costs and government contributions per unit;

b. costs and government contributions per bedroom; and,

c. identification of building technology (wood frame, concrete, mass timber, modular or panelized construction), including ratings for green technology,

and to report back to the Board at it's June 12, 2026 meeting.

3. Directed that Confidential Attachment 1 to the report (January 12, 2026) from the Chief Executive Officer, CreateTO, remain confidential in its entirety as it relates to a proposed or pending disposition of property by the City and a position, plan, procedure, criteria or instruction to be applied to negotiations carried on or to be carried on by or on behalf of the Board of Directors of CreateTO and the City.

The Chief Development Officer, CreateTO and Executive Director, Housing Developement Office, City of Toronto, gave a presentation on Housing Progress Update and Bloor-Kipling Block 5 (970 Kipling Avenue).

The Board of Directors of CreateTO recessed its public session to meet in closed session to consider the item as it pertains to position, plan, procedure, criteria or instruction to be applied to any negotiations carried on or to be carried on by or on behalf of the Board of Directors of CreateTO and the City.

In recognition of the urgent need to expedite efforts to transform Toronto’s housing system, this report provides the Board of Directors, CreateTO with a broad update of 2026 housing-related priority work items:

·       Sites Under Construction or Targeted to Start Construction in early 2026 (7 sites)

·       Sites with Secured Proponents (4 sites)

·       Sites in a Market Offering Process (2 sites)

·       Sites Being Advanced Under the City’s Public Developer Model (1 site)

·       Sites That Have Received Initial Planning Approvals (5 sites)

·       Sites Undergoing Initial Planning Approvals (5 sites)

A full list of projects can be found in Attachment 1 - Housing Tracker.

The CreateTO Board at its meeting on November 18, 2025, received for information report 2025.RA22.3, Bloor-Kipling Block 5 (970 Kipling Avenue) - Selection of Proponent, regarding the selected proponent for Bloor-Kipling Block 5 (970 Kipling Avenue). Confidential Attachment 1 provides an update to the CreateTO Board on outstanding matters related to this project.