Agreements reached with real estate developers

Since the by-law came into force on April 1, 2021, 260 agreements have been signed calling for a total of $71 578 011 in financial contributions. The by-law also led to commitments equivalent to the construction of:

• 1,426 social housing units.
• 159 affordable housing units.
• 597 non-market housing units.
• 1,422 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 housing projects.

Social housing commitments

Expected financial contributions: $52 277 024

Share of financial contributions received by the city: $43 442 872

• Number of agreements calling for a financial contribution: 243
• Number of agreements calling for a land transfer or the construction of a building: 13
  • Expected residential floor area: 128,298 quare metres (corresponding to about 1,426 social housing units)

Affordable housing commitments

Expected financial contributions: $8 998 151

Share of expected financial contributions received by the city: $8 483 751

• Number of agreements calling for a financial contribution: 32
• Number of agreements calling for the creation of affordable housing (including off-market affordable housing): 1

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

Expected financial contributions: $10 302 836

Share of expected financial contributions received by the city: $7 476 032

• Number of agreements calling for a financial contribution: 3
• Number of agreements calling for a land transfer or a turnkey building: 1
  • Expected residential floor area: 53,772 square metres (or about 597 non-market housing units)

Family housing commitments

• Number of agreements calling for a family housing contribution: 63
• Total family housing units planned: 1,911

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.