Our Waterfront's Future

Over the last twenty years there has been so much progress on our waterfront with new parks, thousands of new residential units, and Don River flood protection. I’ve worked with waterfront residents, stakeholders, and City staff to endorse the next phase of waterfront revitalization to bring more investment in our infrastructure, public spaces, and transit. 

The waterfront is a special place in our city. It’s a destination for visitors, a place to work and learn, and a home for more people every day.

I’m proud to be the Mayor’s designate on the Board of Waterfront Toronto. I've worked closely with staff, the board, and community members and associations to advance our shared interest in waterfront revitalization. Some of the key things I’ve advocated for include funding the East Waterfront LRT, more affordable and purpose built rental housing, and new green spaces.

Read my op-ed in Spacing about how in uncertain times we can turn to the waterfront and the work together by all three levels of government as a blueprint for actually getting things done. 

A Legacy of Waterfront Building

Since Waterfront Toronto began its work, investments have created:

  • 9,600 new homes in the Lower Yonge, East Bayfront and West Don Lands precincts
  • 58.5 hectares (144.6 acres) of new or improved public parks and public realm
  • 20,785 years of construction employment
  • 5,000 permanent jobs
  • Added $2.7 billion of economic activity into the Canadian economy
  • Generated almost $1.1 billion in tax revenues 
  • Triggered over $13.2 billion of private sector investment in the waterfront. 

Our Next Phase of Waterfront Revitalization

On December 17, 2024 the City endorsed a plan to keep momentum going and build an incredible waterfront for everyone, with more homes, transit, and destinations.

On January 28, 2025 I was thrilled to join Federal and Provincial government partners to announce almost $1 billion in funding for the Next Phase of Waterfront Revitalization.

With this funding, we’ll welcome new neighbours and build complete communities with affordable housing, invest in green infrastructure to meet our climate leadership goals, and build new parks and destinations to serve neighbours and visitors:

  • Funding for Waterfront Toronto to continue as the development lead for revitalization 
  • Investment in infrastructure that enables more than 14 000 housing units including:
    • 4700 housing units (869 affordable) at Quayside
    • 4500 housing units (goal of 30% affordable) at Ookwemin Minising
    • 5,100 housing units (20% affordable) in Keating Channel 
  • The completion of Biidaasige Park and early activation
  • A study of waterfront destinations and attractions
  • Funding to advance the Marine Use Strategy and wider waterfront initiatives

City Council has also approved:

  • Purpose-built rental housing incentives to fast track 1,250 new rental and 550 affordable units at Quayside, with construction set to begin in 2026. 
  • Selected affordable housing providers and updated zoning by-laws for Quayside, with construction set to begin in 2026.
  • Implementation of a dedicated bus lane along Queens Quay East between Bay St. and Parliament St.

Over the last two decades, we’ve shown what we can do when governments work together – and it’s more important than ever.  I'm excited to continue the work to build a spectacular waterfront for all.

I want to hear from you. Share your thoughts in a 2 minute survey on the next phase of waterfront revitalization.

 

Latest posts

Toronto is feeling busy with some of our big markers of spring coming back. All this good weather means that construction season is underway, but we are seeing the important work we’ve done at the City to better coordinate construction and speed up projects pay off.Just this week, construction at Bathurst St and Lake Shore Blvd wrapped up two months ahead of schedule.

We’ve protected vital arts, culture and community space at Youngplace! Working together, we helped 5 organizations purchase their units that were put at risk by the Artscape receivership process and completed the first acquisition by a cultural land trust in Canada for 2 units, through partnership between Inspirit Foundation and the Community & Cultural Spaces Trust. I was proud to move over $1.2 million dollars of local Section 37 money to contribute to these purchases.

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