Toronto Police last week revealed they had obtained the video, that was reportedly being shopped around to media outlets. Chief Bill Blair said Ford does appear in the video, and that the "video files depict images that are consistent with what has previously been reported."
The video reportedly showed Ford in an alleged crack house smoking from what appeared to be a crack pipe.
Ford did not comment on the announcement until Monday, when he admitted "making mistakes" but declined to specify what those mistakes were. On Tuesday, he admitted using crack.
"Yes, I have smoked crack cocaine," Ford said.
He proceeded to say that he's not an addict, and blamed the crack use on a "drunken stupor."
"Do I? Am I an addict? No? Have I tried it? Um, probably in one of my drunken stupors, probably approximately about a year ago."
Ford maintained he never lied about whether he had used crack, saying that reporters simply hadn't asked "the correct questions."
So far, the conservative mayor has insisted he will not step down.
"If I had I problem, I'd be the first one to say I'm not fit to run the city," he said Tuesday. "Have I drank a little too much at times? You're absolutely right. Am I going to curb that? Absolutely I'm going to curb that."