Sidewalk Labs are working on creating a "smart" city in the Canadian city's Quayside area, just near Parliament Street, which is expected to have extra fast WiFi capability, autonomous vehicles and sustainable energy.
Canada's Prime Minister, Justin Trudeau, said: "This will create a test bed for new technologies in Quayside. Technologies that will help us build smarter, greener, more inclusive cities - which we hope to see scale across Toronto's eastern waterfront and eventually in other parts of Canada and around the world."
Whilst Dan Doctoroff, who is the chief executive of Sidewalk Labs and a former New York Deputy Mayor, said: "We believe Sidewalk Toronto can demonstrate to the world how to make living in cities cheaper, more convenient, healthier, greener, fairer, and even maybe more exciting."
And now Doctoroff has assured local residents that this waterfront city wouldn't be a "tech enclave" and says they are committed to offering affordable housing.
Speaking to a crowd that had gathered at St. Lawrence Centre for the Arts for the first public meeting about the plans, Doctoroff said: "That is just fundamental to our whole approach to this project."