TORONTO – The City of Toronto’s Planning and Housing Committee recently received a 2024-2025 report outlining the progress made on the HousingTO 2020-2030 Action Plan and the 2022-2026 Housing Action Plan.
According to a press release, 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.
Additionally, 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 release notes.
The update reveals there were nearly 1,000 new affordable homes that 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.
There are 23 projects currently under construction that are being delivered by community housing partners.
Ground has been broken on two sites under the Public Developer model, at 11 Brock Ave. and 35 Bellevue Ave. This means the city takes a more direct role in how its lands are utilized to build more affordable homes.
More than 700 permanently affordable homes can be secured by community housing providers through the Multi-Unit Residential Acquisition Program.
And the city also launched the new Development Review Division, which is focused on speeding up the review and approval of new homes and critical infrastructure.
A new Housing Development Office was also created to bring a singular focus on the development of new homes on city-led and supported projects, the release reads.
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.”
