Toronto Breaks Ground on 255 New Rental Homes in Davenport
Davenport rental homes project at 72 Perth Ave. will include affordable housing and family-sized rental units
TORONTO — The City of Toronto has officially broken ground on a new purpose-built rental housing development in Davenport that will add 255 rental homes to the city’s west end, including 51 affordable rental units.
Mayor Olivia Chow joined development partners Castlepoint Numa and Hazelview on Friday to mark the start of construction at 72 Perth Ave., alongside Davenport MP Julie Dzerowicz and Davenport Councillor Alejandra Bravo.
The project is expected to be completed by the end of 2028.
Affordable housing component secured for 40 years
According to the City, 20 per cent of the development’s units will remain affordable rental housing for at least 40 years.
The affordable homes will be managed by WoodGreen Community Services, helping provide long-term housing options for low- to moderate-income households in Toronto.
The development is being supported through Toronto’s Rental Housing Supply Program (RHSP), which provides financial incentives aimed at accelerating the construction of purpose-built rental housing across the city.
The City says its support package for the project totals approximately $16.5 million and includes:
- Deferred development charges
- A 15 per cent property tax reduction for purpose-built rental units
- Waived planning and building permit fees for affordable units
City of Toronto breaks ground on 255 new rental homes in Davenport, including 51 affordable homes
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— City of Toronto 🇨🇦 (@cityoftoronto) May 22, 2026
Focus on family-sized rental housing
Municipal officials say the project also addresses the shortage of larger rental units suitable for families.
Nearly half of the homes planned for 72 Perth Ave. will consist of:
- Two-bedroom units
- Three-bedroom units
The building will also feature several resident amenities, including:
- A fitness centre
- Swimming pool
- Children’s playroom
- Shared workspaces
- Social gathering spaces
- Bicycle storage and repair facilities
The development will also connect directly to the nearby West Toronto Railpath.
Sustainability features included in project design
The building is also being designed with environmental sustainability features, including a geothermal energy system intended to reduce emissions and lower energy consumption through ground-source heating and cooling technology.
City officials say the project aligns with broader municipal goals related to climate action and sustainable urban growth.
City continues push for rental housing construction
Toronto says the Davenport project forms part of its wider strategy to increase rental housing supply amid ongoing affordability pressures across the city.
According to the City, more than 44 rental housing projects are currently under construction through municipal support programs, representing:
- More than 11,000 new homes
- More than 6,200 rent-controlled and/or affordable units
Mayor Olivia Chow said projects like 72 Perth Ave. are intended to help working residents remain in Toronto communities close to transit, schools and employment.
“Projects like 72 Perth help the people who work in this city afford to live in this city,” Chow said in a statement.
Councillor Alejandra Bravo said the project would help support housing accessibility and community stability within Davenport.
“This is an important milestone for the Davenport community,” Bravo stated.
The City continues to call on provincial and federal governments for additional support and investment to accelerate affordable and purpose-built rental housing construction across Toronto.
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