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News Release - City of Toronto and CreateTO break ground on new mixed-use, transit-oriented housing project with 520 affordable rental homes

City of Toronto Media Relations has issued the following:
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News Release

November 26, 2024

City of Toronto and CreateTO break ground on new mixed-use, transit-oriented housing project with 520 affordable rental homes

Today, Mayor Olivia Chow celebrated the start of construction of a new mixed-use, transit-oriented housing project adjacent to the TTC’s Wilson Station that will deliver a total of 1,484 homes including 520 affordable rental homes.

The City of Toronto, in partnership with CreateTO, is supporting the delivery of this project through the HousingTO 2020-2030 Action Plan’s (HousingTO Plan) Housing Now initiative, which makes City-owned lands available to develop affordable rental housing.

The site at 50 Wilson Heights Blvd., a former commuter parking lot, is being developed by Tridel, Greenwin and KingSett Capital. The development will include a mix of one- to three-bedroom rental homes available to residents of various income levels. In addition to housing, the project will include a childcare centre, community use space, a public park, a new public road and retail space. To advance the City’s TransformTO climate action objectives, the development will target the Toronto Green Standard and will be serviced by a geothermal energy supply.

Work has already begun to remove the current parking infrastructure before preparing the site to support the new community. Construction of the affordable and market rental homes is anticipated to begin this spring, with first occupancy expected in early 2029. The development will also include 444 market condominiums.

Housing Now is a key housing supply program that supports the City’s HousingTO Plan target of 65,000 new rent-controlled homes including 41,000 affordable rental, 6,500 rent-geared-to-income (RGI) and 17,500 rent-controlled homes by 2030. To date, the City has committed more than $1.3 billion in land value, capital funding and financial incentives to the program, making Housing Now one of the most significant municipal financial investments in housing underway.

Toronto City Council, to date, has allocated more than 20 City-owned sites to the Housing Now program. Of these, construction is underway at 5207 Dundas St. W., while in total 13 sites have been rezoned and development partners have been selected for six sites.

More information on the City’s housing targets and Housing Now sites is available on City’s HousingTO Plan webpage: https://www.toronto.ca/community-people/community-partners/housing-partners/housingto-2020-2030-action-plan/?accordion=progress-reports.

Quotes:

“Our vision for Toronto is to see families live, work and thrive without having to worry about securing affordable rents, accessing transit or finding childcare or green spaces for kids to play. This transit-oriented community brings all of these elements together, creating a sensible and replicable model for city-building. I am so pleased to see this project take flight and share my gratitude to everyone involved in making this a reality.”
– Mayor Olivia Chow

“I am pleased to witness this reimagination of City-owned land that will pave the way for many more residents to find homes in a community that not only offers essential amenities, but provides sustainable living options. I look forward to seeing this project fulfilled and welcome new residents and businesses in the coming years.”
– Councillor James Pasternak (York Centre)

“Today’s groundbreaking of 50 Wilson Heights Blvd. is a major milestone in CreateTO’s commitment to addressing Toronto’s housing challenges through leveraging City-owned land. By transforming a parking lot into a vibrant, mixed-use neighborhood, we are delivering much-needed housing alongside vital public spaces, community services and amenities. This milestone reflects the strength of public-private collaboration and partnerships in creating sustainable, livable communities that will benefit residents and our neighbourhoods.”
– Vic Gupta, CEO, CreateTO

“Breaking ground at 50 Wilson Heights Blvd. is a milestone for Toronto's housing future. Greenwin is pleased to partner with the City of Toronto, CreateTO, KingSett Capital and Tridel on a property that combines affordable and market housing, vibrant community spaces, and geothermal-powered design. This project reflects our commitment to building inclusive, connected, sustainable neighbourhoods that will benefit Torontonians for years to come.”
– Kevin Green, President & CEO, Greenwin

CreateTO was formed in 2018 as the City of Toronto’s real estate agency. The organization brings together stakeholders, partners and community members to ensure the best use of the City’s real estate assets for today and tomorrow. CreateTO manages the City’s $27 billion real estate portfolio, develops City buildings and lands for municipal purposes and delivers client focused real estate solutions – ensuring a balance of both community and economic benefits to build the city we love. More information is available on the CreateTO website: www.createto.ca.

Toronto is home to more than three million people whose diversity and experiences make this great city Canada’s leading economic engine and one of the world’s most diverse and livable cities. As the fourth largest city in North America, Toronto is a global leader in technology, finance, film, music, culture and innovation and climate action, and consistently places at the top of international rankings due to investments championed by its government, residents and businesses. For more information visit the City’s website or follow us on Twitter, Instagram or Facebook.

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Media contacts:

Media Relations, City of Toronto, media@toronto.ca

Media Relations, CreateTO, media@createto.ca

Media Relations, Greenwin, smatteo@greenwin.ca

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