Agreements reached with real estate developers

Since the by-law came into force on April 1, 2021, 257 agreements have been signed calling for a total of $69 264 809 in financial contributions. The by-law also led to commitments equivalent to the construction of:

• 1,244 social housing units.
• 159 affordable housing units.
• 1,505 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 progressively based on a project’s advancement. It can take several years before the collected sums are fully invested in social and affordable housing projects.

Social housing commitments

Expected financial contributions: $54 694 890

Share of financial contributions received by the city: $44 903 622

• Number of agreements calling for a financial contribution: 244
• 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 commitments

Expected financial contributions: $10 420 044

Share of expected financial contributions received by the city: $8 890 902

• Number of agreements calling for a financial contribution: 33
• Number of agreements calling for the creation of affordable housing (including off-market affordable housing): 1
  • Planned residential floor area: 14 296 square metres (or about 159 affordable housing units)

Non-market housing commitments (as of April 1, 2026)

Expected financial contributions: $4 149 875

Share of expected financial contributions received by the city: $3 055 166

• Number of agreements calling for a financial contribution: 1
• Number of agreements calling for a land transfer or a turnkey building: 0
  • Expected residential floor area: 0 square metres

Family housing commitments

• Number of agreements calling for a family housing contribution: 60
• Total family housing units planned: 1,505 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.