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

October 30, 2025

Unlocking affordable housing: City of Toronto provides annual progress update on Housing Action Plans

The City of Toronto is taking action to build more affordable homes for Toronto residents, protect and preserve existing affordable homes, and support Toronto’s renters.

Today, the City's Planning and Housing Committee received the 2024-2025 update report outlining significant progress made on the HousingTO 2020-2030 Action Plan (HousingTO Plan) and 2022-2026 Housing Action Plan.

As of the end of 2024, the City has approved almost 30,000 new rent-controlled homes, reaching 46 per cent of its 10-year target. The City continues to invest in these projects through financial support and streamlined development review and permitting approvals to expedite construction starts.

As a result, City-led and supported housing projects accounted for 65 per cent of all housing starts in Toronto between January and August 2025, despite an overall slow-down of housing starts across the city.

Increased investments in housing stability programs such as Eviction Prevention in Community and Rent Bank programs and a historic investment of $100 million in the Multi-unit Residential Acquisition Program in 2024-2025 mean more households can be stably housed.

The HousingTO update report highlights the role of cross-sectoral and intergovernmental partnerships in addressing diverse housing needs of Torontonians and reinforces the need for significant new investments from other orders of government to complement the City’s efforts.

Accelerating the delivery of new affordable and rent-controlled homes
-Nearly 1,000 new affordable homes started construction in 2024, supporting a robust pipeline of over 250 additional affordable rental projects to advance through the development process.
-The City completed 632 new affordable homes in 2024 and is expected to open an estimated 863 affordable rental and rent-geared-to-income homes by the end of 2025.

Expanding non-market and non-profit housing
-23 projects currently under construction are being delivered by community housing partners, increasing the share of non-market homes.
-Breaking ground on two sites under the Public Developer model, at 11 Brock Ave. and 35 Bellevue Ave., where the City takes a more direct role in how its lands are utilized to build more affordable homes.

Protecting affordable housing and keeping residents housed
-More than 700 permanently affordable homes can be secured by community housing providers through the Multi-Unit Residential Acquisition (MURA) Program.
-Evictions were prevented for over 3,100 low-income households through the Toronto Rent Bank and Eviction Prevention in Community programs.
-Adopted a Rental Renovation Licence By-law to protect renters from illegitimate “renovictions” which came into effect in July.

Transforming City processes to speed up approval and development of new homes
-Launched the new Development Review Division focused on speeding up the review and approval of new homes and critical infrastructure
-Created a new Housing Development Office to bring a singular focus on the development of new homes on City-led and supported projects

Enhanced federal and provincial funding required
-The progress report highlights immediate opportunities through new Build Canada Homes to partner with the City and activate public lands, getting shovels in the ground on more than 4,000 supportive, affordable and rental homes in the next 12 to 18 months.
-To reduce pressure on the City’ shelter system and encampments, the City continues to request the Province of Ontario to provide critical operating funding needed for wraparound supports as the City’s supportive housing stock continues to increase – with a renewal of current annual investment of $48 million for another three years, an additional $16 million in 2026 and $23 million in 2027 and annually thereafter for over 730 supportive homes expected to open between 2025 and 2027.

The 2024-2025 annual report for the HousingTO Plan and the Housing Action Plan is available on the City’s webpage: https://www.toronto.ca/legdocs/mmis/2025/ph/bgrd/backgroundfile-259670.pdf

The HousingTO Plan dashboard can be accessed here: https://www.toronto.ca/city-government/data-research-maps/toronto-housing-data-hub/housingto-action-plan-2020-2030-dashboard/.

Quotes:

“As private building has slowed, City-led and City-supported projects now make up 65 per cent of all housing starts so far this year. This report shows the progress we’re making to build more affordable homes and support tenants in the face of unprecedented housing pressures. Alongside the Government of Canada and the Province of Ontario, we can build even more homes and deliver the affordable housing Torontonians need.”
– Mayor Olivia Chow

“The City of Toronto is making progress to unlock more rental homes including affordable homes, while implementing measures to preserve existing affordable housing and protect tenants. We have shown we are ready to take immediate action and are requesting additional funding from both the federal and provincial governments to fund and unlock more housing.”
– Councillor Gord Perks (Parkdale-High Park), Chair of the Planning and Housing Committee

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, 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 www.toronto.ca or follow us on X at x.com/cityoftoronto, on Instagram at www.instagram.com/cityofto or on Facebook at www.facebook.com/cityofto.

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Media contact: Media Relations, media@toronto.ca

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