CreateTO

CreateTO is a groundbreaking initiative established by the City of Toronto in 2018 to optimize the use and development of the city’s real estate assets. As a centralized agency, CreateTO manages over 8,000 city-owned properties, valued at approximately $27 billion, making it one of the largest and most valuable real estate portfolios in North America. By consolidating the assets of 24 government agencies, including BuildTO, the Toronto Port Lands Corporation, and the Toronto Parking Authority, CreateTO aims to drive community and economic benefits across the city. With a focus on affordable housing, CreateTO is poised to address Toronto’s housing challenges while advancing broader city policy objectives.

Mission & Impact

CreateTO’s primary mission is to leverage its vast portfolio to create affordable housing and improve livability in Toronto. Under the leadership of inaugural CEO Brian Johnston, the agency is committed to addressing the city’s pressing housing needs. This aligns with Mayor John Tory’s Housing Now initiative, which aims to deliver 40,000 new affordable housing units by 2031. By developing surplus city-owned sites, CreateTO is playing a pivotal role in this ambitious plan, ensuring that Toronto remains an inclusive and vibrant city for all residents.

Key Developments by CreateTO

CreateTO is actively involved in several pre-construction projects across Toronto, each designed to maximize the potential of city-owned lands. These developments are strategically located in key neighbourhoods, offering a mix of residential and community-focused spaces. Below are some of the upcoming projects by CreateTO:

1. **770 Don Mills Rd, North York**: Located in the heart of North York, this pre-construction development promises to bring new housing options to a thriving community. Prices and move-in dates are TBA, but the project is expected to contribute to the area’s growth and accessibility.

2. **805 Don Mills Rd, North York**: Another North York project, 805 Don Mills Rd is set to enhance the neighbourhood’s residential landscape. Details on pricing and availability are forthcoming, but the development aligns with CreateTO’s commitment to community-driven real estate.

3. **Richview Square, Etobicoke**: In partnership with Trinity Development Group, Richview Square at 4620 Eglinton Ave W is a collaborative effort to revitalize a key Etobicoke location. This project underscores CreateTO’s ability to work with private developers to achieve shared goals.

4. **931 Yonge St, Toronto**: Situated in one of Toronto’s most iconic neighbourhoods, this development at 931 Yonge St is expected to blend modern living with urban convenience. Further details are pending, but the project reflects CreateTO’s focus on strategic, high-impact locations.

Location & Neighbourhoods

CreateTO’s pre-construction projects are strategically located in neighbourhoods that offer a mix of convenience, accessibility, and community vibrancy. North York, for instance, is known for its diverse population, excellent transit links, and proximity to green spaces like Edwards Gardens. Etobicoke, on the other hand, boasts a suburban feel with easy access to highways and the Toronto Pearson International Airport. Yonge Street, a central artery of Toronto, is synonymous with urban living, shopping, and cultural attractions. Each location reflects CreateTO’s commitment to enhancing neighbourhoods while addressing housing needs.

Why Choose CreateTO Pre-Construction?

Buying pre-construction from CreateTO offers several advantages. As a city-led agency, CreateTO prioritizes community benefits, affordability, and sustainable development. Pre-construction buyers can expect modern designs, strategic locations, and the assurance that their investment contributes to the greater good. Additionally, with a focus on affordable housing, CreateTO projects are likely to appeal to a wide range of buyers, from first-time homeowners to investors seeking socially responsible opportunities. As these developments progress, they will play a crucial role in shaping Toronto’s future.

About CreateTO

CreateTO is more than a real estate agency; it’s a catalyst for positive change in Toronto. By consolidating and managing the city’s vast property portfolio, CreateTO is uniquely positioned to address housing challenges, create jobs, and enhance livability. With a mandate that extends beyond traditional real estate development, CreateTO is a key player in Toronto’s ongoing transformation into a more inclusive and sustainable city.