Agreements reached with real estate developers

Since the by-law came into force on April 1, 2021, the city has signed 263 agreements calling for a total of $69,112,247 in financial contributions. The by-law also led to commitments equivalent to the construction of:

• 1,244 social housing units.
• 159 affordable housing units.
• 1,458 family housing units.

Commitments by real estate developers can take various forms:

• Building housing units
• Transfer of land or a building
• Financial contribution

Financial contributions are issued to the city based on the advancement of projects. It can take several years before the collected sums are fully invested in social and affordable housing projects.

Social housing component

Expected financial contributions: $57,307,431

Share of financial contributions already received by the city: $45,530,635

• Number of agreements calling for a financial contribution: 251
• Number of agreements calling for a land transfer or the construction of a building: 12
  • Expected residential floor area: 111,940 square metres (corresponding to about 1,244 social housing units)

Affordable housing component

Expected financial contributions: $11,804,816

Share of expected financial contributions already received by the city: $8,552,953

• Number of agreements calling for a financial contribution: 34
• Number of agreements calling for the creation of affordable housing (including off-market affordable housing): 1

Family housing component

• Number of agreements calling for a family housing contribution: 63
• Total family housing units planned: 1,458 dwelling units

These commitments may stem from a previous version of the By-law for a Diverse Metropolis, applicable at the time that each agreement was signed.