The City of Toronto has officially broken ground on a landmark housing initiative in Etobicoke — the Valhalla Village development at 300–304 The East Mall. Once completed, the multi-phase, mixed-income community will feature more than 1,100 rental units, with 172 homes set aside as affordable housing — including 30 supportive units for children with developmental disabilities and their families.
The project is one of the largest affordable housing starts in Etobicoke in over a decade and a model of what inclusive, sustainable development can look like when all levels of government, non-profits, and private partners come together.
What’s Being Built
The development will ultimately feature:
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1,135 purpose-built rental homes across three towers and a mid-rise building. (Phase 1 & Phase 2)
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172 affordable rental homes (Phase 1)
- 129 affordable rental homes (Phase 2)
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Public green space, retail space, and new community amenity areas.
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Nearly 25,000 sq ft of indoor amenity space, plus 158 parking spaces.
Designed for the Future
Phase 1 of Valhalla Village has already achieved the Canada Green Building Council’s Zero Carbon Building – Design Standard (ZCB-D), making it one of the first large-scale, net-zero-ready affordable rental communities in Toronto. The development features a fully electrified geothermal heating and cooling system, aligned with sustainable construction principles and designed to support net-zero operational energy.
“Valhalla Village will create much-needed affordable housing at a critical time… and is on track to achieve zero carbon building design certification.”
— Rob Kumer, CEO of KingSett Capital
Who Made It Happen
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Lead Developer: KingSett Capital Affordable Housing LP
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City of Toronto: Through its Open Door Affordable Housing Program, the City contributed $5.6 million in incentives, fee exemptions, and property tax relief.
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Federal Support: CMHC contributed $235.9 million in low-interest loans via its Apartment Construction Loan Program.
Toronto Mayor Olivia Chow called it “a testament to what can be achieved when governments and developers work together,” noting the long-term affordability and inclusion baked into the project from the start.
Construction Timeline
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Zoning approval: September 2020
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Demolition began: September 2021
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Phase 1 construction: Above grade as of March 2025
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Occupancy expected: 2026
Phase 1 includes two towers (7 and 12 storeys), with future phases delivering more housing and community features.
Why It Matters
Valhalla Village is not just a housing development — it’s a blueprint for how Toronto can grow equitably.
It delivers:
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Deep affordability
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Mixed-income integration
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Supportive housing for vulnerable families
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Sustainable, net-zero-ready construction
It also helps advance the City’s HousingTO 2020–2030 Plan, which aims to approve 65,000 new rent-controlled homes by the end of the decade.
Final Word
In a city where affordable housing is in crisis, Valhalla Village proves that mixed-use, high-efficiency, community-driven design is not only possible — it’s already underway.
Keys to the City will be watching as the next phase takes shape.
📍 “Keys to the City” is GTA Weekly’s Monday housing editorial — unlocking affordable housing stories across the Greater Toronto Area. Follow us @GTAWeeklyNews for more. #GTAWeekly #GTAToday #KeysToTheCity
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