Finance
Canada announces the groundbreaking of new rental homes in Toronto
The Canadian federal government announced $165 million in funding via the Apartment Construction Loan Program to construct 370 rental homes in Toronto.
Key takeaways
- The federal government announced $165 million in funding through the Apartment Construction Loan Program to build 370 rental homes in Toronto.
- The project, named The Bull Tower, is located at 128 Peter Street in Toronto's entertainment district.
The Canadian federal government announced $165 million in funding via the Apartment Construction Loan Program to construct 370 rental homes in Toronto. The project, named The Bull Tower, is located at 128 Peter Street in Toronto's entertainment district and is being developed with partners including Kingdom Development Inc.
In their words
“This is about more than constructing homes, it is about creating opportunities for individuals and families to put down roots, thrive and contribute to a stronger, more inclusive Toronto where everyone can feel at home.”
“We are proud to work alongside the Government of Canada, CMHC, the City of Toronto, and our project partners to help address the city's growing housing needs,”
By the numbers
- $165M
- Funding through Apartment Construction Loan Program
- 370
- Rental homes being built in Toronto project
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#Canada
#Government of Canada
#Apartment Construction Loan Program
#The Bull Tower
#Chi Nguyen
#Jason Yang
#Kingdom Development Inc.
Common questions
- What happened with Canada's federal government?
- The federal government announced $165 million in funding through the Apartment Construction Loan Program to build 370 rental homes in Toronto.
- Where can I read the original report?
- Read the full report at Renew Canada.
