Municipal elections were held in Toronto, Ontario, Canada, on January 1, 1927. Thomas Foster was running for his third consecutive term as mayor and won a narrow victory over Sam McBride. There were two referendums as part of the vote. Toronto voters voted in favour of adopting daylight saving time for the city. They also voted in favour of spending money to create an ornate gate at the entrance to the Exhibition Place, which became the Princes' Gates.