Toronto’s housing market has unprecedented growth over the past decade and resulted in benefiting from the local, regional, and national economies and has left low and moderate-income households in the city. In especially high rental and ownership, costs have left over 194,000 households on private households paying more than 50% of their income on housing. The City of Toronto has expanded the shelter capacity during the past three years, much of the shelter facilities were occupied immediately. As the estimated growth of Toronto to grow by up to one million new residents by 2030. The main problem will face in rental housing vacancy rate because it is about at 1% and all orders of government need to prioritize and increase investments in affordable and supportive housing. All orders of government must work together to strategically align resources to tackle this issue of housing and homelessness crisis effectively.

In 2019, the city of Toronto took a major step in advancing the new 10-year housing plan. Through investments of approximately $716 million in incentives and land value, the City is stimulating the development of 10,000 residential units including 3,700 affordable rental homes over the next ten years. It is recommended that Council enhance the Housing Now Initiative and approve, in principle, additional City investments of approximately $1.29 billion in land value and waived fees and charges over the next 10 year to deliver 6,300 new affordable rental and supportive homes approvals on City-owned land. Similar to the first phase of the Housing Now initiative, sites will be brought to Council for approval prior to being offered on the market and allocated.vvvvvvvvvvvvvvvvvvvvvvvvv