Housing Benchmark Report: Affordable Housing Development and Construction Costs on City-owned Sites and Comparable Sites Across Canada

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The decision

2026-06-19 · CreateTO · amended

As filed

The Board of Directors, CreateTO: 1. Endorsed the scope of work for a Request for Proposal as provided in Attachment 1 to the report (May 29, 2026) from Chief Executive Officer, CreateTO, subject to such changes and amendments as the Chief Executive Officer, CreateTO considers necessary. 2. Requested the Chief Executive Officer, CreateTO to report back to the Board by the first quarter of 2027 on the process that will be used to ensure appropriate questions are included in all tender documents to enable staff to identify and evaluate whether or not any lobbying has taken place.

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3. Directed that the confidential information contained in Confidential Attachment 1 to the report (May 29, 2026) from Chief Executive Officer, CreateTO 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 the agenda

As the city filed it

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.

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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.

Staff recommended

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,

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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 the record

The item as the City filed it

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