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Toronto needs $18 billion over next 10 years just to keep city running

Kimia Afshar Mehrabi

created: May 6, 2025, 4:42 p.m. | updated: May 7, 2025, 5:26 p.m.

Toronto needs $18 billion to address its state-of-good-repair infrastructure gap over the next 10 years, which is primarily being driven by transit and City facilities, according to a new report. The plan, which is headed to the city's Executive Committee next week, reveals that Toronto has managed to reduce the gap from the $26 billion identified in last year's report to $18 billion, representing an $8 billion reduction. According to the city, the $18 billion infrastructure gap is being driven by transit ($11 billion), Toronto Community Housing ($4 billion), the road network ($2 billion) and City facilities ($1 billion). We are stronger together, working in partnership with the federal and provincial government to address the City's infrastructure needs, especially for transit and housing." The plan will be reviewed by the executive committee on May 13, and if approved, will proceed to Toronto City Council for final consideration later this month.

1 month ago: blogTO