SCARBOROUGH, ONT. — The Ontario government is investing up to $178 million through the Building Ontario Fund (BOF) to support the construction of approximately 1,700 new rental homes in Scarborough.
The project includes a target of 340 affordable units with below-market rents, the province notes.
Located on underused land near the Scarborough GO Station, the project will form part of the new Scarborough JunctionScarborough Junction (Master Plan – Future Phases)StatusDesignValue$993.5MLocation3585-3595 St Clair Ave E, Toronto ONSectorPrivateTypeMulti-Residential · New ConstructionData as of June 4, 2026View Project Page →, a transit-connected community expected to include 7,700 homes along with parks, public spaces and community amenities.
The equity investment in the project is being made through Building Ontario Fund (BOF) in a joint venture with Republic Developments and Harlo Capital. It is advancing a project that was previously stalled.
“Once the BOF’s investment has been repaid, it will reinvest into other projects that would not otherwise get built across six priority areas including affordable housing, energy, transportation, long-term care, municipal and community infrastructure, and critical minerals,” the release reads.
Project construction is expected to begin in 2027, with first occupancies anticipated by 2030.
