If the new area is safe enough that he's not going to easily wander onto a highway or something, then I lean toward yes. Obviously at least some toads can handle being relocated... if you don't believe me, ask any Australian...
I would put some thought into making his new lair as toad-friendly as possible before bringing him in... maybe pack a bunch of leaves, cocofiber, and/or sphagnum under there so you're sure he can dig in comfily... but honestly it sounds like if he does hop off he's better off living near a pond than under the porch of somebody who hates toads, or simply doesn't give a damn and sprays insecticide all summer long.
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0.1 2006 Western Hognose (Bebe)
0.1 age unknown Cane Toad (Hengo)
0.1 2005 White-Banded Sheen Skink (Minerva)
1.0 2006 Northern Diamondback Terrapin (Queequeg)
1.0 2006 Madagascan Speckled "Hognose" (Sigmund)
1.0 2008 Bullsnake (Winkle)
1.2 2008 Eastern Collared Lizards (Pancho, Lupe, and Chica)
2.0 2009 Eastern Collared Lizards (Cesar and Nino)

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