CreateTO
The full agenda, as filed
All 3 items in the clerk’s order. Each carries the city’s own words: the staff recommendation, what the body decided, and its status. Nothing below is written by us.
RA22.1amended
Third Quarter Financial Results
For the nine months ended September 30, 2025, CreateTO continues to operate on a net zero basis. Total expenditures are tracking $0.88 million lower than the budget, with annual expenditures expected to be in line with the approved budget of $15.39 million gross, $0 net. This report also proposes a change in the reporting frequency of financial results to the Board. Management is recommending CreateTO move from quarterly to semi-annual reporting to the Board.
The Board of Directors of CreateTO: 1. Directed the Chief Executive Officer to provide financial reporting to the Board of Directors on a semi-annual basis for only the Second Quarter results and Year End results. 2. Directed the Chief Executive Officer to provide each Board member with First Quarter and Third Quarter financial results by email, consistent with the material submitted to the City, with management available to address any questions at the Board meeting following. 3. Directed the Chief Executive Officer to continue presenting to the Board in a timely manner any significant transactions impacting the financial statements or not approved through the annual budget process.
Staff recommendation as filed
The Chief Executive Officer, CreateTO recommends: 1. The Board of Directors CreateTO approve a shift from quarterly to semi-annual financial reporting from CreateTO management to the Board.
RA22.2adopted
In recognition of the urgent need to expedite efforts to transform Toronto's housing system, this report provides the Board of Directors, CreateTO with a broad update of 2025 housing-related priority work items: · Sites Under Construction or Targeted to Start Construction in 2025 (7 sites) · Sites with Secured Proponents (2 sites) · Sites in a Market Offering Process or Tracking to a Market Offering in 2025 (4 sites) · Sites Being Advanced Under the City's Public Developer Model (1 site) · Sites That Have Received Initial Planning Approvals (5 sites) · Sites Undergoing Initial Planning Approvals (5 sites) A full list of projects can be found in Attachment 1 - Housing Tracker.
The Board of Directors of CreateTO: 1. Received the Report (November 3, 2025) from the Chief Executive Officer, CreateTO for information.
Staff recommendation as filed
The Chief Executive Officer, CreateTO recommends: 1. The Board of Directors, CreateTO receive this report for information.
RA22.3amended
Bloor-Kipling Block 5 (970 Kipling Avenue) - Selection of Proponent
This report provides an update on the CreateTO-led market offering process for the development and operation of affordable and rental housing at Bloor-Kipling Block 5, municipally known as 970 Kipling Avenue (the "Site"), and identifies the selected proponent in Confidential Attachment 2. The Site is one of seven City-owned development blocks at Bloor-Kipling (Six Points Area). This block is 2.16 acres in area, in close proximity to the Kipling Transit Hub, and a Toronto Builds site subject to the Toronto Builds Policy Framework . An external Fairness Monitor was retained to oversee the full market offering process. On June 4, 2025, CreateTO launched the market offering process for the Site on behalf of the City of Toronto. The market offering closed on September 16, 2025. An Evaluation Committee including representatives from CreateTO, the Housing Secretariat and the Housing Development Office, then reviewed, scored, and shortlisted the bids and interviewed the proponents. Upon completion of the evaluation process, the highest-ranked proponent was selected to enter negotiations on the terms of the development project with the intent of confirming the selection process. The selected proponent is identified in Confidential Attachment 2. A term sheet containing the key business terms was negotiated with the highest-ranked proponent on terms satisfactory to the proponent, CreateTO and the City of Toronto. Under the Toronto Builds Policy Framework, the selection of the proponent for Bloor-Kipling Block 5 is subject to ratification through the City's Housing Delivery Governance Framework . CreateTO staff will work with the Housing Secretariat, Housing Development Office and Corporate Real Estate Management (CREM) divisions to negotiate and finalize the definitive agreements with the selected proponent, based on the key business terms summarized in Confidential Attachment 3.
The Board of Directors, CreateTO: 1. Authorized the public release of the name of the Selected Proponent contained in Confidential Attachment 2 to the report (November 3, 2025) from the Chief Executive Officer, CreateTO, at the discretion of the Chief Executive Officer, CreateTO, in consultation with the Executive Director Housing Development Office. 2. Directed that Confidential Attachments 1 and 3 in their entirety, and the remainder of the information contained in Confidential Attachment 2, remain confidential as such attachments deal with both a proposed or pending acquisition or disposition of land by the Board of Directors of CreateTO or the City of Toronto, and a plan to be applied to any negotiations carried on or to be carried on by or on behalf of the Board of Directors of CreateTO and the City of Toronto. 3. Requested the Chief Executive Officer, in consultation with the Deputy City Manager, Corporate Services, and the Deputy City Manager, Development and Growth Services, to report back to the Board at the January 26, 2026 meeting on the current criteria used in the selection of proponents for projects undertaken under the City's Toronto Builds Policy Framework. 4. Requested the Chief Executive Officer, in consultation with the Deputy City Manager, Corporate Services, and the Deputy City Manager, Development and Growth Services, to report back to the Board at the January 26, 2026, meeting, on the current criteria used in the selection of proponents for projects undertaken under the City's Toronto Builds Policy Framework.
Staff recommendation as filed
The Chief Executive Officer, CreateTO recommends: 1. The Board of Directors, CreateTO authorize the public release of the name of the Selected Proponent contained in Confidential Attachment 2 to this report, at the discretion of the Chief Executive Officer, CreateTO, in consultation with the Executive Director Housing Development Office. 2. The Board of Directors, CreateTO direct that Confidential Attachments 1 and 3 in their entirety, and the remainder of the information contained in Confidential Attachment 2, remain confidential as such attachments deal with both a proposed or pending acquisition or disposition of land by the Board of Directors of CreateTO or the City of Toronto, and a plan to be applied to any negotiations carried on or to be carried on by or on behalf of the Board of Directors of CreateTO and the City of Toronto.