Major CMHC Loan Secured for 856-Unit Hazelview Rental Project at Bloor and Dufferin

Hazelview closes one of largest-ever CMHC-backed housing loans

A multi-tower project in the west end of Toronto, currently under construction by Hazelview Investments, has closed on what the firm calls one of the "largest CMHC-insured loans ever issued".

Major CMHC Loan Secured for 856-Unit Hazelview Rental Project at Bloor and Dufferin

Hazelview Investments has obtained a federally backed loan under the Canada Mortgage and Housing Corporation's (CMHC) MLI Select program, among the largest ever issued, supporting the construction of 856 new purpose-built rental units at their Bloor & Dufferin project in Toronto’s West End. The financing, arranged through First National Financial LP, supports a major infusion of rental housing in a city grappling with persistent affordability ch…