Friday, July 10, 2026
The federal government announced over $112 million in funding to help build 217 secure, rental homes in Toronto.
Located at 389 Cleveland Street, the project is a 15-storey residential building with a ground-floor commercial retail unit. Designed for families, young professionals, and downsizers, the building features indoor and outdoor amenities, including fitness and wellness spaces, co-working areas, gardens, play spaces, and community gathering areas.
The project is located near major employment areas and the Eglinton subway LTR station, including shops, parks, and schools, providing access to nearby services and amenities.
“Our government is committed to driving housing supply to bring down costs. This project will create more rental homes for people living and working in Toronto and is an example of what’s possible when we work together in partnership with the private sector. This is another step forward in our bold, ambitious plan to build Canada strong,” said Gregor Robertson, Minister of Housing and Infrastructure.
“We are committed to working with our partners to rise to the challenge of building more housing in our community. Through the Apartment Construction Loan Program, we are taking action to increase the supply of new rental housing by investing more than $112 million in the construction of 217 new homes in Toronto. This is more than just construction, it’s about creating real opportunities for individuals and families to thrive, to grow, and have a safe place to call home,” added Leslie Church MP for Toronto–St. Paul’s.
Build Canada Homes, launched by the Government of Canada is helping increase the pace of affordable homebuilding. Build Canada Homes is also helping fight homelessness by building transitional and supportive housing – working with provinces, territories, municipalities, and Indigenous communities. It is building deeply affordable and community housing for low-income households and partnering with private market developers to build affordable homes for the Canadian middle class.
“Inclusive neighbourhoods start with well-build, inclusive buildings. At 383–389 Cleveland, that meant a genuine mix of bedroom sizes, affordable homes woven throughout the building, and 33 accessible suites designed to CSA Standards. This isn’t a building that checks boxes. It’s one that opens doors for all,” said Michael Williams, managing partner and chief development officer at Hazelview.
Featured image: (Government of Canada)
