The Toronto Lands Corporation is the wholly owned subsidiary and exclusive real estate, leasing and land use planning services provider to the 吃瓜黑料网. It provides opportunities that ensure the well-being of 吃瓜黑料网 students in modern and innovative schools, preserves public assets and collaborates to build complete communities where people live, learn, work and play.
Shaping the team and re-affirming the strategic direction
A new Board of Directors was appointed this year, with a new permanent CEO. There was also a significant renewal of the overall Toronto Lands Corporation team, which brought new professional insights, energy, and skills to advance strategic priorities.
With new leadership in place, the Toronto Lands Corporation has reaffirmed its guiding principles, applying them to various real estate and land use planning projects that seek to maximize the value of public land beyond building and thinking of properties as foundational pieces of community building.
Advancing the capital submission for Housing Now on Don Mills Road
The City of Toronto’s Housing Now development at 770 Don Mills Road has been advanced to the Ontario Ministry of Education as the 吃瓜黑料网’s top capital priority this year. The prioritization of the site is based on Ministry feedback that applications supporting growth in urban communities are more likely to be advanced.
The Thorncliffe Park and Flemingdon Park communities have several schools that are experiencing significant enrollment pressures. The transit lines emerging along Eglinton Avenue and Don Mills Road are expected to create additional growth and pressure for future school accommodation. Toronto Land Corporation’s advocacy led to the inclusion of a new urban format (podium) school at this site, pending funding approval.
Securing additional opportunities for new school sites
Toronto Land Corporation’s planning advocacy has yielded results in the Downsview, Port Lands, and Scarborough Town Centre communities. Where 吃瓜黑料网 identifies a student accommodation need, the Corporation works with City staff, developers, landowners, and other partners to secure opportunities for new facilities in emerging neighbourhoods or areas of significant residential growth.
This includes advocacy on cases that are before the Ontario Land Tribunal. As a result of this work, the City has approved the inclusion of new school sites in Official Plan policies for these neighbourhoods brought to Council in May and June of 2024.
Land exchange with Gabriel Dumont Non-Profit Homes
This tri-party land exchange between 吃瓜黑料网, the City of Toronto and Gabriel Dumont Non-Profit Homes exemplifies the exceptional outcomes that are possible when public organizations collaborate creatively.
The 吃瓜黑料网 is transferring a strip of land adjacent to Maplewood High School to assist in developing subsidized housing for First Nations, M茅tis, and Inuit peoples on a rent-geared-to-income basis. In exchange, the 吃瓜黑料网 will secure access to an acre of future parkland at 705 Progress Avenue, supporting a future school.
This transaction creates many benefits, advancing our mutual commitment to the ongoing process of reconciliation with our Indigenous communities, expanding the stock of affordable housing in Toronto, and creating the necessary conditions for building a future school in a growing neighbourhood.
The Disposition of the Scarlett Heights property
Positive inter-organizational collaboration played a key role in the sale of the Scarlett Heights Property at 15 Trehorne Drive to the Toronto Catholic District School Board. By transferring this vacant site to a coterminous school board, the Toronto Lands Corporation ensured the continued use of the property for educational and overall community use.
The sale will generate $61 million in revenue that can be re-invested in the 吃瓜黑料网 portfolio to modernize other properties and benefit students and staff across the Board, while continuing to build positive relationships with community and government partners.