Municipal elections were held in Toronto, Ontario, Canada, on January 1, 1949.

Mayor Robert Hood Saunders had resigned in 1948 and Controller McCallum was appointed to succeed him.

McCallum faced only Trotskyist Ross Dowson in winning his first full term.

Results taken from the January 3, 1949 Toronto Star and might not exactly match final tallies.

Ward 1 Alderman Charles Walton resigned upon appointment to the Toronto Transportation Commission on November 29, 1949 and was not replaced.