Province Invests $178M to Advance Scarborough Junction Rental Housing Phase

Building Ontario Fund invests $178-million to revive stalled Scarborough housing project

East Toronto development is BOF’s second investment in affordable housing and its second to help the beleaguered homebuilding sector

Province Invests $178M to Advance Scarborough Junction Rental Housing Phase

A major provincial investment is set to advance the first phase of the Scarborough Junction Masterplan, a transit-oriented community planned around Scarborough GO station. The Ontario government has announced an investment of up to $178 million through the Building Ontario Fund (BOF) to support approximately 1,700 purpose-built rental homes, including 340 affordable units with below-market rents. The funding comes as the development moves forwar…

Ontario Invests $178M In Stalled Scarborough Junction Project By Republic, Harlo

Just around a year after Toronto-based Republic Developments and private equity firm Harlo Capital listed their massive Scarborough Junction project last year, as first reported by STOREYS, the project has found a buyer. Kind of. Instead of selling the project outright, Republic and Harlo have formed a joint venture with the Government of Ontario, which is making an equity investment of $178 million into the project through the Building Ontario …

Ontario Investing $178M Affordable Rental Units Scarborough

SCARBOROUGH— The Ontario government is investing up to $178 million through the Building Ontario Fund (BOF) to support the construction of approximately 1,700 new rental homes, including a target of 340 affordable units with below–market rents, in Scarborough. Located on underused land near the Scarborough GO Station, the project will form part of the new Scarborough Junction, a transit-connected community ... Read More The post Ontario Investin…

Building Ontario Fund - Ontario Supporting Construction of Affordable Rental Units in Scarborough

The Ontario government is investing up to $178 million through the Building Ontario Fund (BOF) to support the construction of approximately 1,700 new rental homes, including a target of 340 af. . .