Item - 2026.RA26.8

The Chief Executive Officer, CreateTO recommends that:  

1. The Board of Directors, CreateTO endorse the scope of work for a Request for Proposal as provided in Attachment 1, subject to such changes and amendments as the Chief Executive Officer, CreateTO considers necessary.  

2. The Board of Directors, CreateTO direct that the confidential information contained in Confidential Attachment 1 remain confidential in its entirety, as it is about 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 contains commercial and financial information supplied in confidence to the Board of Directors of CreateTO, which, if disclosed, could reasonably be expected to prejudice significantly the competitive position or interfere  significantly with the contractual or other negotiations of a person, group of persons, or organization.

On January 26, 2026, the Board of Directors, CreateTO directed the Chief Executive Officer, CreateTO to develop a report (“Housing Benchmark Report”) comparing affordable housing development and construction costs in Toronto and at comparable sites across major urban areas in Canada. The purpose of establishing the Housing Benchmark Report is to support the City with effective decision-making regarding various building technologies for affordable housing projects.  

This report includes:

· A dataset on development and construction costs for City-led affordable housing projects (the “City-led Housing Dataset”) (Confidential Attachment 1), and

· A recommended scope of work (Attachment 1) to procure a cost consultant through a Request for Proposal (“RFP”) to provide information from various affordable housing developments in Toronto and comparable major urban areas across Canada.

The Board’s endorsement of the proposed scope of work for the RFP to retain a cost consultant is requested to ensure alignment with the Board’s expectations of outcomes in the new Housing Benchmark Report.

The estimated costs associated with the procurement of the cost consultant is estimated to be between $15,000 and up to $50,000. Management will work to absorb the costs within the current CreateTO budget and will advise if a budget adjustment is required. There is a potential that the costs cannot be absorbed and will result in an overbudget.