TORONTO — The Ontario government has announced it is investing approximately $83 million through the Building Ontario Fund (BOF) to create a new, multi-phased student housing development at Toronto Metropolitan University (TMU).
The first phase consists of a 21-storey tower at 100 Bond St. that will add nearly 1,400 new student beds. The project will more than double TMU’s on-campus housing capacity and provide affordable accommodation options, a release reads.
In partnership with Cedar Podium Investment Management, the Bond Street project is the first housing investment through the BOF.
Pre-construction is expected to begin in late 2025. The Bond Street building is the first phase of an approximately $200 million investment through the BFO to expand housing at TMU.
