370 NEW RENTALS IN DOWNTOWN
Federal backing is delivering 370 new rental units to downtown Toronto. Here is where the $165M loan is going.
What the video says
Canada is dropping $165 million on one Toronto site. The major federal financing flows through the Official Apartment Construction Loan Program.
Work focuses on 128 Peter Street, in the center of Toronto's busy entertainment district. This property places new residential infrastructure steps away from transit, parks, and nearby amenities.
Public and local leadership are aligning resources to help address the city's urgent housing demand. Kingdom Development Inc.
is utilizing this backing to build 370 rental homes at the Bull Tower.
