Smitherman released a statement saying Toronto police confirmed to him they had found the 40-year-old Peloso dead.
"We will celebrate his life and we will find comfort somehow in knowing that he has found peace from the depression that has wreaked havoc on his mind," wrote Smitherman.
Peloso, who is survived by three children, was last seen on Sunday, Dec. 29, at approximately 11 a.m. ET
On Sunday evening, Smitherman tweeted: "Freedom from depression has been elusive for Christopher and once again he is missing and we fear for his safety."
Peloso was also reported missing in September and was found two days later by a police K-9 unit, curled up and lying near a fence that runs along the railway tracks near Lansdowne and Dupont avenues.
"We will find strength going forward from the legions of people in our extended family who loved him so," wrote Smitherman.