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City of Toronto Media Relations has issued the following:
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Media Advisory

October 30, 2024

City of Toronto to provide overview of proposed incentives for purpose-built rental housing

Later today, Mayor Olivia Chow and Councillor Gord Perks (Parkdale-High Park), Chair of the Planning and Housing Committee, will join City of Toronto staff to provide an update on staff recommendations for proposed incentives to expand purpose-built rental housing in Toronto including a New Multi-Residential Property Tax Subclass. This report will be considered by the Executive Committee on Tuesday, November 5 and by Toronto City Council in November.

Date: Wednesday, October 30
Time: 12 p.m.
Location: Members’ Lounge, Toronto City Hall
RSVP: Media representatives requested to RSVP to media@toronto.ca by 11:30 a.m.

The report, Build More Homes: Expanding Incentives for Purpose Built Rental Housing, will be available on the City’s website at noon: https://secure.toronto.ca/council/#/committees/2468/24403.

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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