Community NewsToronto

City Council Approves Development of 447 New Rental Homes in Midtown Toronto

Toronto ONToronto City Council has greenlit a transformative housing initiative at 275 Merton St., set to introduce 447 new purpose-built rental homes to the city’s housing landscape. The project, spearheaded by a strategic partnership between the City and Collecdev-Markee, aims to address pressing housing needs across diverse income brackets.

“Through this partnership, the City is supporting a strategic land assembly that will deliver significant city-building benefits, including a substantial number of affordable and market rent-controlled homes,” remarked Mayor Olivia Chow. “The proposed housing project is a much-needed step towards delivering on the City’s housing targets and will provide options for Torontonians of low-and moderate-income levels.”

This development initiative comes at a crucial time as Toronto grapples with dual housing crises—rising rents squeezing middle-income earners and a shortage of deeply affordable options for marginalized residents. Under the plan, 30% of the new homes will remain affordable in perpetuity, aligning with the City’s HousingTO 2020-2030 Action Plan.

The project involves combining the City-owned site at 275 Merton St. with an adjacent property, which will be transferred to City ownership and leased back to Collecdev-Markee for 99 years. Construction is projected to commence in late 2025, with the first units expected to be ready for occupancy by mid-2028.

For more details on the HousingTO 2020-2030 Action Plan and specifics of the development, visit the City’s Website or the CreateTO website.


Kelly Deschamps is the dedicated City Hall Reporter, bringing forth the pulse of municipal affairs with precision and clarity. With an astute eye for detail and a passion for uncovering the stories that shape urban life, Deschamps delivers comprehensive coverage of local governance. For inquiries or feedback, contact Kelly at

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