Incumbent mayor Hiram E. McCallum narrowly defeated Allan Lamport.

McCallum, running for his fourth one-year term, was challenged by Controller Lamport.

McCallum had faced only token opposition in his previous elections, but Lamport came surprisingly close to defeating him.

For much of election night it looked as though Lamport would win, but it was swung by McCallum's ten thousand vote margin in the North Toronto Ward 9.

Former Controller and communist Stewart Smith made another attempt to return to the board, but finished seventh.