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Oxford Breaks Ground on $750 Million Rental Development to Deliver First Major Purpose-Built Housing Project in Scarborough in over a Generation

SCARBOROUGH, TORONTO, ONTARIO, JUL 14 – The project includes 1,285 rental units, with 21% designated affordable, supported by a $650 million federal loan to address Toronto's housing shortage, officials said.

Summary by Benzinga
Representing Toronto's largest active single-phase purpose-built rental development, with over 20 percent of units marked as affordable, the project is backed by a $650 million CMHC loan TORONTO, July 15, 2025 /CNW/ - Oxford Properties Group ("Oxford"), a leading global real estate investor, developer and manager, today broke ground on Scarborough's first major purpose-built rental ("PBR") development in over a generation. Situated on a 3.4-acre…

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Urban Toronto broke the news in on Monday, July 14, 2025.
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