The Canadian government has announced the investment of over $81.5 million through the Apartment Construction Loan Program for the creation of 159 new rental units in Toronto.
The nine-story development at 3101 Bathurst Street Vivant at Bedford Park will be developed by Medallion Corporation. Construction is underway and expected to be complete by the Fall of 2027.
“The federal government is committed to catalyzing housing supply to bring down costs,” said Housing and Infrastructure Minister Gregor Robertson. “This project will create more rental homes for people living and working in Toronto and is an example of what is possible when we strive for housing ambition. The project will be one where residents will have access to community, transit, and local businesses. This is another step forward in our bold, ambitious plan to build more homes.”
